We offer clients competent service support for filing of eTDS. It is submitting TDS through electronics means and has emerged as convenient modes of collection of tax affected at the source from assessed in India. Here, in events where specified income is generated as per the Income-tax Act, the payer of such income needs to deduct stipulated percentage of such income through Income-tax and pay balance amount to the recipient. This dedicated tax is deducted at source by payer and is deposited in:

Government treasury through the means of eTDS. eTDS is deducted from income of recipient as payment of Income-tax by recipient at time of assessment.

For your information download ETDS_Form_24.

For your information download ETDS_Form_26.

There are several listed income sources that are subjected to tax deduction at source and is presently also used as instrument to enlarge tax base like:

• Salary
• Interest/Dividend
• Interest on securities
• Winnings from lottery
• Commission & brokerage
• Rent

Fees for professional & technical services

As a form of Advance tax paid to government, E-TDS returns are prepared in form No. 24, 26 or 27 as per Govt. of India Income Tax Act. Under this act, all Government & Corporate deductors/collectors need to file TDS (Income Tax Deducted at Source) returns on electronic media. Here, our expertise lies in providing services in preparation of e-TDS through :

• Quarterly returns
• Annual filings

If your TDS is deducted, you are liable to fill and file TDS Return online. It is a mandatory step to file your TDS Return within a specific period of time. If you become a regular defaulter you might even be liable to pay a penalty for not submitting the e-TDS Return in due time. You need to file your e-TDS return quarterly if you are one of them.

• People whose accounts are Audited
• People holding an office under the Government Company

There are different types of forms has been prescribed depending on the purpose of the deduction, they are mentioned below:

Form 24Q: This form applies the statement for tax deduction at source from salaries

Form 26Q: Statement for tax deduction at source on every payment, but here salary is not applicable.

Form 27Q: Statement for deduction of tax from interest, dividend, or any other sum payable to non - residents

Form 27EQ: Statement for collection for Tax at source.

Form 27A: It is a controlled chart of quarterly TDS statement. It is control of TDS return plan and a chart which shows the amount paid and tax deducted on the same.

THE PENALTY FOR DELAY IN TDS RETURN FILING

In case a person fails to pay the TDS on time he will be liable to pay the penalty on the tax. The penalty should exceed the total amount of tax deduction.

IF A PERSON DOES NOT FILE TDS RETURN

A person will be liable to pay penalty in case he had not filed the TDS within 1-year from the date of filing or if the incorrect information has been delivered.

BENEFITS OF TDS RETURN FILING

A person will be liable to pay penalty in case he had not filed the TDS within 1-year from the date of filing or if the incorrect information has been delivered.