File TDS Returns in Delhi
We offer fast and accurate TDS return filing services in Delhi for individuals, businesses, and companies. Our team makes sure your returns are filed on time, without errors, and as per the latest income tax rules. Whether it's Form 24Q, 26Q, or 27Q, we handle it all with care. Stay compliant and avoid penalties with our trusted TDS filing support.
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TDS Returns
For advance collection of taxes and to bring the transaction on record government has bring the provision of TDS and TCS in the Income-tax Act in which tax has to be deducted or collected at the point of generation of income. Tax is deducted by the payer and deposit the same directly to the Government which got reflected in the 26AS of the receiver to get the tax credit.
The provisions of TDS apply to several payments like salary, rent, interest, commission, contractor payment, brokerage, professional fees, royalty, etc.
Due date to deposit TDS:
- Where the payment is made in the month of March then on or before 30th day of April.
- In any other case on or before 7th of the following month in which deduction is made.
Types of TDS return forms
TDS return need to be furnished on quarterly basis in following forms:-
- Form 24Q – Details of deduction of tax from salary.
- Form 26Q – Details of deduction of tax from other than salary.
Due date to file TDS return
| Quarter Ending | Due Date |
|---|---|
| 30th June | 31st July |
| 30th September | 31st October |
| 31st December | 31st January |
| 31st March | 31st May |
Consequences if payment of TDS is not made
A deductor have to face the following consequences if the deductor fails to deduct or after deducting fails to deposit TDS:
Disallowance of expenditure: If TDS not deducted or after deduction, not paid to the government, then expenditure will not be allowed as deduction under income tax in case of payment to non-resident but in case of resident, 30% of the expenditure will be disallowed under income tax and in subsequent years, TDS deducted and deposited then the disallowed expenses will be allowed in the subsequent years.
Levy of interest: Interest at rate of 1% p.m. for delay in deduction or 1.5% p.m. for delay in deposit of TDS.
Levy of Penalty: Penalty can be levied by Assessing Officer however; the total amount of penalty shall not exceed the amount of TDS in arrears.
Prosecution: If a person fails to pay TDS, then he shall be punishable with rigorous imprisonment for a minimum 3 months which may extend to seven years and with fine.
