TDS (Tax Deducted at Source) is a vital part of tax compliance for businesses in India. It ensures that taxes are collected at the source of income, reducing tax evasion and ensuring timely tax payments. Every business making payments like salaries, rent, contractor fees, or professional services must deduct TDS and file TDS returns quarterly to stay compliant. Filing TDS returns correctly and on time helps avoid penalties and ensures smooth tax operations. This guide will walk you through the step-by-step process of filing TDS returns easily for your business.

TDS (Tax Deducted at Source) is a crucial part of business tax compliance in India. Businesses must deduct TDS when making payments like salaries, rent, contractor fees, or professional services and file TDS returns on time to avoid penalties. Here’s a step-by-step guide to help you file TDS returns easily.

Check TDS Applicability

TDS is deducted based on specific threshold limits and rates as per the Income Tax Act. Some common sections include:

✅ Section 192 – Salaries

✅ Section 194C – Contractor Payments

✅ Section 194J – Professional Fees

✅ Section 194I – Rent Payments

✅ Section 194H – Commission/Brokerage

TDS (Tax Deducted at Source) is an essential tax compliance requirement for businesses across Pondicherry and surrounding cities like Karaikal, Mahe, Yanam, Villianur, and Bahour.

Deposit TDS with the Government

📌 Due Date – TDS must be deposited by the 7th of the following month.

📌 Use Challan ITNS 281 – Pay the TDS online via NSDL’s e-Tax portal.

📌 Mention Correct Details – Enter TAN, assessment year, and payment type correctly to avoid errors.

Prepare TDS Return Statement

After depositing TDS, businesses must file TDS returns quarterly using the following forms:

📑 Form 24Q – For salary payments

📑 Form 26Q – For non-salary payments

📑 Form 27Q – For payments to non-residents

📑 Form 27EQ – For TCS (Tax Collected at Source)

Submit TDS Returns Online

TDS returns must be filed electronically through the TIN-NSDL website. Steps include:

✅ Validate the file with the File Validation Utility (FVU).

✅ Upload the TDS return on the TRACES portal.

✅ Download Form 16/16A – After successful filing, issue TDS certificates to deductees.

Track & Correct Errors (If Any)

🔹 Use TRACES to check TDS statements and Form 26AS.

🔹 If any errors are found, file a revised return using the correct details.

Stay Compliant with Expert TDS Filing Services!

TDS filing mistakes can lead to penalties and notices from the Income Tax Department. Ensure error-free and timely TDS compliance with Prime Tax Management Services.

TDS (Tax Deducted at Source) is an essential tax compliance requirement for businesses across Pondicherry and surrounding cities like Karaikal, Mahe, Yanam, Villianur, and Bahour. It ensures that taxes are collected at the source of income, preventing tax evasion and ensuring timely payments to the government. Businesses making payments such as salaries, rent, contractor fees, or professional services must deduct TDS and file quarterly TDS returns to remain compliant with tax laws. Filing TDS returns accurately and on time helps avoid penalties and ensures seamless financial operations. This guide will help you understand the step-by-step process of filing TDS returns easily for businesses in Pondicherry and nearby regions.

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