Legal Munshi

Online TDS Return Filing Filing

starting @ RS. 1499/- ALL-INCLUSIVE FEE

Salaried / Individual taxpayers whose income does not exceed Rs.50 lakhs are required to file their income tax return in Form ITR 1.

Get your TDS return filed by our expert starting at just Rs. 1499/-

You can also check your eligibility here

What is TDS and TDS Return?

TDS i.e. Tax Deducted at Source,is an indirect system of deduction of tax according to the Income Tax Act, 1961 at the point of generation of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee.

TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Salaried Individualsare not required to obtain TAN or deduct tax at source. All the business entities have to deduct tax at source while making certain payment like salary, vendor payments , payment of rent exceeding Rs.1,80,000 per year, etc. Legal Munshi can help you obtain TAN, click here to register. Those entities who have obtaied TAN must file TDS return which are due quartely. File your TDS return with Legal Munshi.

However, TDS Return is a mandatory quarterly statement which has to be submitted to the Income Tax Department of India if you are a deductor. This statement contains information and details of TDS deducted and deposited by you.

Who is eligible to file TDS Returns ?

It is the duty of the person who is making payment to someone for specified goods or services to deduct TDS and file TDS return. An employer or company that has obtained valid TAN - Tax Collection and Deduction Account Number can file for online TDS return. Few examples of the eligible categories include:

  • • Salary
  • • Insurance commission
  • • Income from winning horse races
  • • Company
  • • Income by way of “Income on Securities”
  • • Persons holding an office under the Government
  • • Income by way of winning the lottery, puzzles, and others
  • • Persons whose accounts are audited u/s44AB
  • • Payment in respect of National Saving Scheme and many others

Due Date for TDS Filing

The due date for Payment of TDS deducted is seventh of the next month. For March, it is 30th April of the next year. The due date for TDS filing is as follows:

Quarter (Q1) : 1st April – 30th June

 On or before 31st July

Quarter (Q2) : 1st July – 30th September

  On or before 31st October

Quarter (Q3) : 1st October – 31st December

  On or before 31st January

Quarter (Q4) : 1st January – 31st March

  On or before 31st May

In case of late filing or failure to file the returns by the individual or the company following types of penalties can be imposed:

  • • The late filing fee- U/s 2 and 234E
  • • Non-filing penalty - U/s 271 H

Types of TDS Forms

There are different TDS Forms set depending on the income of the deductee or the type of deductee who pays the TDS. The different TDS forms are listed below as follows:

Form 24Q :

For TDS from “Salaries”.

Know more

Form 26Q :

For TDS in respect of all payments other than “Salaries”.

Know more

Form 27Q :

For TDS from interest, dividend or any other sum payments to non-residents.

Know more

Form 27EQ :

Statement of collection of tax at source.

Know more

Benefits of TDS Return Filing

 A steady inflow of income to the government.

 Facilitates a smooth collection of taxes used for welfare.

 >No burden of paying tax lump sum as the payment is done every three months for the whole year

Things to remember

 Non Furnishing of PAN :

  • • Any person receiving payment for which TDS is deducted is required to obtain a valid PAN.
  • • Correct PAN should be furnished for credit of deducted TDS into account.
  • Non-furnishing of PAN or furnishing of incorrect PAN would result in the deductor incurring higher TDS at 20% rate and levy of penalty of ten thousand rupees.

 TDS Certificate :

  • • All TDS certificates must be preserved by the Deductee. TDS certificates for payments other than salary is issued on quarterly basis and TDS certificate for salary is provided on annual basis. If the TDS certificate is lost, the deductee can request for duplicate TDS certificate.

 Claiming TDS :

  • • Deductor can claim the TDS credit. To claim the TDS credit, deductor have to mention the correct details in the Income Tax returns. Any incorrect details will result in tax credit discrepancy during ITR processing.

Documents Required For TDS Return Filing


TAN Details
PAN Details
The period for which TDS has to be filed
Last TDS filing details, if applicable



Name of the entity
Date of incorporation of the business
No. of transactions for filing TDS returns

You may refer to the Eligibility section before return filing.

For further queries kindly refer our FAQ section

Stages For TDS Return Filing Legal Munshi

Stage 1. TAN & PAN Card :

Arrange for CORRECT TAN and PAN card of entity whose return is to be filied.


Stage 2. Documents, Email & Phone number:

Arrange for all the documents whose list will be shared by our expert along with primary email and phone number for communication purposes by concern governement department.


Stage 3. Computation of TDS :

Based on the documents shared our expert will compute and complie TDS value based on category for that financial year.


Stage 4. Determine Income Tax Return Form :

Based on computation and approval from you, TDS will be filed.


Stage 5. Filing of Return :

Once the filing is done,our expert will provide you with acknowledgement.

Procedure for TDS Return Filing with Legal Munshi

Step 1 : Complete Our Simple Online form

You have to provide the details in the form.

Step 2 : Expert Guidance

Once you have provided the details, our expert will guide you with the all the documents required for return filing process.

Step 3 : Return Filing

After submission and upon successful verification of all the required documents, one of our experts will do the return filing.

Step 4 : Congratulations!!!

Once the filing is done we will inform you and provide the necessary documents.

TDS Form 24Q

Form 24Q is the quarterly statement of the payment made to the employee and the TDS deducted from it by the deductor.

 Eligible Deductor :

  • • A government officer.
  • • A company’s principal officer.
  • • An assessee who has accounts audited for the previous year under Section 44AB of the Income Tax, 1961.
  • • If the record of deductees made in a statement is 20 or above during any quarter of a particular financial year.

 Due Dates :

  • • For Quarter Q1 - April to June : Due Date is 31st July
  • • For Quarter Q2 - July to September : Due Date is 31st Oct
  • • For Quarter Q3 - October to December : Due Date is 31st Janurary
  • • For Quarter Q4 - January to March : Due Date is 31st May

 Interest :

  • • If TDS is not deducted – 1% interest is charged per month from the due date of deduction to actual date of deduction.
  • • If TDS is not deposited – 1.5% of interest is charged per month from the actual date of deduction to actual date of payment.

 Filing Fee :

  • • As per Section 234E, for late filing, a fine of Rs. 200 per day will be charged until the return is filed. This amount has to be paid for each day until the total fine is equal to the TDS amount.

 Penalty :

According to Section 271H, besides the fee that is paid under Section 234E, AO may charge a penalty of minimum Rs. 10,000 to Rs. 1,00,000. However, there is no penalty for the following cases:

  • • If TDS is deposited to the government.
  • • If late filing fee and interest are deposited.
  • • If the return is filed before 1 year from the due date.

TDS Form 26Q

Form 26Q is the quarterly statement of the payment made other than salary by the deductor. The form mentions the total amount that is paid during the quarter and the TDS amount that has been deducted.

 Eligible Deductor :

  • • 192 – No TDS at source from salaries
  • • 192A – No TDS from payment of PF account of an employee
  • • 193 – No TDS from interest paid on debentures issued by a company in which public are substantially interested. Provident interest is paid by account payee cheque to resident individual or HUF
  • • 194 – No TDS from dividend paid by account payee cheque to resident persons
  • • 194A – No TDS from interest other than on securities paid by a banking company or co-operative bank on time deposits
  • • 194B – No TDS from Lottery/ Cross Word Puzzles
  • • 194BB – No TDS from winnings from horse races
  • • 194C – No TDS from sum paid or payable to contractor
  • • 194D – No TDS from insurance commission paid or payable during the financial year
  • • 194DA – No TDS from sum payable under a life insurance a police (including bonus) to a resident
  • • 194EE – No TDS from payments made out of deposits under NSS
  • • 194F – Payments made on account of repurchase of units by Mutual Funds or UTI 94F
  • • 194G – No TDS from commission paid on lottery tickets
  • • 194H – No TDS from payment of commission or brokerage
  • • 194I(a) – No TDS from payment of consideration for purchase of an immovable property (other than agriculture land)
  • • 194I(b) – No TDS on payment of rent of any land or building or both by an individual/HUF [whose books of account are not required to be audited under section 44AB] to resident person.
  • • 194J – No TDS from payment of professional fees, technical fees, royalty and directors’remuneration
  • • 194LA – No TDS from payment of compensation for compulsory acquisition of immovable property (other than Agricultural Land)
  • • 194LBA – Certain income received from units of a business trust
  • • 194DA – Payment in respect of a life insurance policy
  • • 194LBB – Income received in respect of units of an investment fund
  • • 194IA – Payment made for transferring certain immovable property other than agricultural land 9IA
  • • 194LBC – Income received by investing in the securitization trust

 Due Dates :

  • • For Quarter Q1 - April to June : Due Date is 31st July
  • • For Quarter Q2 - July to September : Due Date is 31st Oct
  • • For Quarter Q3 - October to December : Due Date is 31st Janurary
  • • For Quarter Q4 - January to March : Due Date is 31st May

 Interest :

  • • If TDS is not deducted – 1% interest is charged per month from the due date of deduction to actual date of deduction.
  • • If TDS is not deposited – 1.5% of interest is charged per month from the actual date of deduction to actual date of payment.

 Filing Fee :

  • • As per Section 234E, for late filing, a fine of Rs. 200 per day will be charged until the return is filed. This amount has to be paid for each day until the total fine is equal to the TDS amount.

 Penalty :

In addition to the penalty fee paid under Section 234E, AO charges a penalty of a minimum of Rs. 10,000 and a maximum of Rs.1,00,000. However, no penalty would be charged under Section 271H if:

  • • If TDS is deposited to the government.
  • • If late filing fee and interest are deposited.
  • • If the return is filed before 1 year from the due date.

TDS Form 27Q

Form 27Q is the quarterly statement of the payment made and the TDS deducted on payments made to NRI by the deductor.

 Eligible Deductor :

  • • Corporate deductors and collectors
  • • Government deductors and collectors

 Due Dates :

  • • For Quarter Q1 - April to June : Due Date is 31st July
  • • For Quarter Q2 - July to September : Due Date is 31st Oct
  • • For Quarter Q3 - October to December : Due Date is 31st Janurary
  • • For Quarter Q4 - January to March : Due Date is 31st May

TDS Form 27eQ

Form 27eQ is the quarterly statement of the payment made and the TDS deducted by corporate, government collectors and deductors.

 Payments Covered :

  • • Payments to non-resident Sportsmen, Sport Associations
  • • Other sums payable to Non-Residents
  • • Income of Foreign institutional investors from securities
  • • Income in respect of Units of Non-Residents
  • • Income by way of interest on individual bonds and Government Securities
  • • Payments in respect of Units to an Offshore Fund
  • • Income by way of interest from the infrastructure Debt fund
  • • Income from Foreign Currency Bonds or Shares of Indian Company Payable to Non-Resident
  • • Income by way of interest from Indian company engaged in specific Business
  • • Payment of the accumulated balance of the provident fund, taxable in the hands of the employee
  • • Investment fund paying an income to a unitholder
  • • Income in respect of investment in the securitization trust

 Due Dates :

  • • For Quarter Q1 - April to June : Due Date is 31st July
  • • For Quarter Q2 - July to September : Due Date is 31st Oct
  • • For Quarter Q3 - October to December : Due Date is 31st Janurary
  • • For Quarter Q4 - January to March : Due Date is 31st May

Pricing and Packages

Starter

Rs.1499/-

All inclusive Fees

TDS return filing for one quarter. Inclusive of government fee and GST.

Economy

Rs.2699/-

All inclusive Fees

TDS return filing for two quarters. Inclusive of government fee and GST.

Elite

Rs.4999/-

All inclusive Fees

TDS return filing for four quarter. Inclusive of government fee and GST.

FAQs on ITR-4 SUGAM Filing

What is TDS?

Know more about TDS here.

What are the benefits of TDS Filing?

You can get the details about it here.

How do the file TDS return?

Legal Munshi can help you file your returns.Refer our step by step guide here or contact us

What documents are required for TDS return filing?

Refer to the required documents list here.

How to proceed for TDS Return Filing?

Legal Munshi can help you file your returns.Refer our procedure here or contact us

What are the due dates for return filing?

Refer to the required documents list here.

What are the types of TDS forms ?

There are four types of TDS forms. Know more

Is PAN Mandatory ?

Yes. It is mandatory for deductors and employees to submit their PAN as well.

How do I deposit TDS in the central government?

While paying TDS, e - payment is the compulsory process.

What is TDS justification report?

It is a document which serves as an annexure to the intimation to be sent to the deductor. Intimation will be sent to the deductor through mail/post but a justification report will have to be downloaded from the portal.

What is TDS form 24Q ?

Refer to the details here.

What is TDS form 26Q?

Refer to the details here.

What is TDS form 27Q?

Refer to the details here.

What is TDS form 27EQ?

Refer to the details here.