TDS Returns
Tax deducted at source or TDS is the tax collected by the government of India at the time when a transaction takes place. In this case, the tax is required to be deducted at the time money is credited to the payee’s account or at the time of payment whichever happens earlier.
In the case of salary payment or the life insurance policy, tax is deducted at the time the payment is done. The deductor then deposits this amount with the Income-tax department. Through TDS a portion of the tax is paid directly to the IT department.
Tax is deducted usually over a range of 10%.
Documents Required
- PAN card
- Tax payment challans
- TDS deduction details including PAN number of deductees
We provide expert services of preparation and filing of the TDS deduction certificate, coordination with the department in getting the certificate, and also filing of TDS return for the deductor and filing of Income Tax Returns for the Seller.