Sidhi & Associates

TDS return filing is a quarterly statement submitted to the Income Tax Department containing details of TDS deducted and deposited. It includes information about deductees (PAN, amount paid, TDS deducted), challan details, and nature of payments. It's mandatory under Section 200 of the Income Tax Act. Forms include 24Q (salary), 26Q (non-salary), 27Q (non-residents), and 27EQ (TCS). Filing helps the IT department track tax collection and provides credit to deductees.

TDS return filing costs start at ₹2,000 per quarter for up to 25 deductees. For 26-50 deductees, it's ₹3,500 per quarter. For 51-100 deductees, the cost is ₹5,000 per quarter. For more than 100 deductees, we provide customized pricing. Annual packages (4 quarters) come with a 10% discount and include free annual reconciliation statement.

Q1 (Apr-Jun) must be filed by 31st July, Q2 (Jul-Sep) by 31st October, Q3 (Oct-Dec) by 31st January, and Q4 (Jan-Mar) by 31st May. Late filing attracts a penalty of ₹200 per day with no maximum limit. Additional interest of 1.5% per month is charged on delayed TDS deposits. Serious defaults can lead to penalties up to ₹1 lakh and even prosecution.

You need: Payment details with amounts paid and TDS deducted, PAN of all deductees, complete deductee addresses, TDS challan copies with BSR codes and serial numbers, nature of payment codes, dates of payment and deduction, previous quarter's acknowledgment, TAN of deductor, and digital signature if applicable. We provide an Excel template for easy data submission.

Yes, we generate and issue Form 16 (for salary TDS under 24Q) and Form 16A (for non-salary TDS under 26Q/27Q) to all deductees after successful return filing and acceptance by the IT department. These certificates are mandatory for deductees to claim TDS credit while filing their income tax returns. We provide certificates in both physical and digital format.

TDS reconciliation is matching TDS deducted with TDS deposited and filed in returns. It ensures all deductions are properly accounted for, challans are correctly mapped, and there are no mismatches. Reconciliation prevents notices from the IT department, ensures deductees get proper credit in Form 26AS, and identifies any errors before filing. We perform complete reconciliation as part of our service.

Wrong or mismatched PAN can lead to return rejection, non-credit of TDS to deductee, demand notices, and penalties. The deductee won't see TDS credit in their Form 26AS. We pre-validate all PANs through the income tax portal before filing. If mismatch is discovered after filing, we file correction statements immediately to rectify the error.

Yes, correction statements can be filed to rectify errors in original TDS returns. Common corrections include wrong PAN, incorrect amounts, challan mismatches, and deductee detail errors. Corrections must be filed in the same quarter they relate to. We handle all correction filings and ensure proper updates in Form 26AS and certificates.

We provide complete support for TDS notices including mismatch letters, demand notices, and default notices under Section 201. Our process includes analyzing the notice, identifying the cause, gathering supporting documents, preparing detailed responses, filing rectification applications, and representing before tax authorities. Notice support is included in all our premium packages.

Form 24Q is for TDS on salary payments by employers. Form 26Q covers TDS on all payments other than salary (like contractor, professional fees, rent, commission). Form 27Q is specifically for TDS on payments made to non-residents or foreign companies. Each form has different filing requirements and deadlines. We handle all three forms and help you identify which form applies to your payments.