TDS Returns
TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department. The statement shows a summary of all the entries for TDS collected by the deductor and the TDS paid by the deductor to the Income Tax Authority.
Eligible for TDS deduction?
But no TDS has to deducted if the person making the payment is an individual or HUF whose books are not required to be audited. However, in case of rent payments made by individuals and HUF exceeding Rs 50,000 per month, are required to deduct TDS @ 5% even if the individual or HUF is not liable for a tax audit.
Benefits of filing TDS?
Filing the TDS return is mandatory as per the I-T Act, 1961. Listed below are some of the benefits of filing the TDS.
- TDS helps in the regular collection of taxes.
- It makes sure that there is a regular flow of income to the government.
- TDS reduces the regular burden of overall tax payments. It spreads the entire tax payment over several months.
- And lastly, it provides an easy mode of tax payment to the payer
Documents Required:
- If needed, you will be asked for a document.
TDS Returns Process.
- We help you in every step of the TDS Returns:-
- 1.Call us at 97111-77955 Or Mail at info@jeeprofessionals.in & Discuss your Business.
- 2.Fill the Form
- 3.Make the Payment
- 4.Get Your TDS Returns Done.