TDS stands for tax deducted at source. This
idea has come into being in order to fulfill the daily tax inflow of the
Country. In the TDS case, tax is withheld from such particular expenses and
this deferred tax is eventually deposited with the Government on a regular
basis.
For deducting tax, a person has to obtain TAN or Tax Deduction and Collection Number, a 10 digit alpha number. Individuals who are employers are not allowed to receive a TAN or a deductible tax at source. However, a proprietorship business (which are required to be tax audited) and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent etc. Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly.
Rajput Jain & Associates can help you file e file your TDS returns online. Our TDS specialists will help you determine your TDS fees and submit a TDS report to hold you in line with TDS regulations.
Using Informed to find out all about the due dates for TDS return filing deadline and TDS bill due date.
“if your
company has issued some notice from the TDS Department, don't stress, please
contact us and we'll support you. At present, we are doing the TDS job of
several MNCs with requests from over Crores and our team has effectively
managed to reduce demand. We're very negligible in demand and we're going to
give you the same quality as ever.”