Filing Tax Deducted at Source (TDS) Returns

TDS is deducted by businesses on behalf of Government while making payments to various parties, and is deposited to taxation authorities every month.

Digital Filings can help you in…:

 Understanding the applicable return filing process

 Compiling required documents

 Timely submitting tax return application

 Ensuring no interests and penalties are charged

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Understanding TDS Returns Filing

Business owners or business entities, responsible for TDS or Tax Collection at Source (TCS) on behalf of the Government, are obliged to file TDS returns on a quarterly basis. As per the provisions drawn by Income Tax Department under Section 203 A, a firm is bound to disclose TDS and TCS payment challans at the time of filing their respective TDS returns.

TDS return can be filed by a business entity or business owner with Tax Deduction and Collection Account Number (TAN), a 10 digit unique alpha-numeric code, which is issued to business regime. Businesses collect TDS or TCS while depositing salary, making payments to contractors, and for other relevant expenses. A TAN, however, is not issued to the salaried individuals.

Moreover, TDS deducted in a month needs to be paid before 7th day of the next month through correctly filled sections of the challan number 281. There is also a monthly interest charged at 1.5% (or part thereof)for all the delayed payments. The penalty on Late TDS Return filings is INR 200 daily, however, is limited to the TDS amount.

Key Points to Consider While Filing TDS Return 

Due Date


Interest Rate

Quarterly Filing



As per Section 271 (C) of Income Tax Act 1961, a business owner missing on filing the TDS returns is bound to be punished and can be charged about INR 10,000. The defaulters deliberately skipping the compliance can even be imprisoned for 3 to 7 years.

Quarterly Filing

TDS is deposited by an applicant every month which is further mapped by the authority for payment after every 3rd month when the taxpayer files the quarterly return.

Easy Business Credit

By enrolling a micro, small, or medium sized business under MSMED Act, a proprietor can facilitate credit benefits offered by Central and State government, including a lower rate of interest on loan amount and trouble-free loan approval.


Businesses are liable to pay a monthly interest of 1% on the deficient amount while deducting required TDS. Entity needs to be careful while deducting TDS to avoid penalties.

Interest Rate

An applicant is categorized as a defaulter for not depositing the deducted tax by the due date (7th of each month) and is charged a monthly interest of 1.5% on the delayed amount. Section 271 (C) and Section 276 (B) mandate an applicant to pay the interest amount.

Required Details for TDS Returns Filing

Requirements for Filing TDS Return
  • Name of the Entity (Proprietorship/ Partnership/ Company/ Limited Liability Partnership)
  • Date of Incorporation of the business
  • TAN and PAN Information
  • Count of the Transactions for filing TDS returns
  • Period for which TDS has to be filed
  • Last TDS filing details if any
  • Bank statements of the business

We are Glad to Help!

Just like other Tax Returns, Filing TDS Returns is also mandatory for the businesses. TDS is an important component for the entities as it is collected on the Government’s behalf, and thus needs to filed in timely manner.

Do Not Panic!

Taxation Gurus @ Digital Filings can proficiently assist business owners in furnishing all the relevant accounting work and filing their TDS Returns on time, while let them focusing on the critical tasks.

Pocket-Friendly Options

How we Do It…

It is obligatory for businesses to collect TDS as per the prescribed taxation guidelines, while filing their respective TDS return on time is also as critical. Team @ Digital Filings can efficiently assist you in fulfilling legitimate formalities.


Accumulating the Critical Pieces

The information regarding TDS and TCS payment challans is to be furnished for computing the TDS amount to be filed. Along with financial facts and figures, various other documents relevant to the company and business owner are also required by the taxation authorities at the time of filing TDS return. Team @ Digital Filings will seamlessly do whatever needed to effectively initiate the process.


Putting them Together

An expert @ Digital Filings will collect and compile all the necessary information in the prescribed formats, these critical documents will then be shared with the entity’s finance team for verification purposes.


Presenting the Application

Post a satisfactory review from the businesses on the documents, the Team @ Digital Filings will present the file to the concerned authority and would manage to get the TDS return duly approved.

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