{"id":2078,"date":"2022-04-03T07:46:45","date_gmt":"2022-04-03T07:46:45","guid":{"rendered":"http:\/\/finotaxsolutions.in\/?page_id=2078"},"modified":"2022-04-28T15:28:17","modified_gmt":"2022-04-28T15:28:17","slug":"tds-filling","status":"publish","type":"page","link":"https:\/\/finotaxsolutions.in\/index.php\/tds-filling\/","title":{"rendered":"TDS Filling"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2078\" class=\"elementor elementor-2078\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4440300e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4440300e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64799aef\" data-id=\"64799aef\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6ef7ef0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ef7ef0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-15c9ac2\" data-id=\"15c9ac2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c479b0 elementor-widget elementor-widget-heading\" data-id=\"0c479b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TDS Filling<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aea847 elementor-widget elementor-widget-text-editor\" data-id=\"1aea847\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tax deducted at source or TDS is mandatory to be filed by a Business entity, which is making any kind of payment to employees or vendors beyond certain limits. The Income Tax Act states that tax will be deducted at source at different rates as provided. TDS return is to be submitted to the Income Tax Department online and it is a quarterly statement, while tax deducted should be paid monthly. To start deducting and paying taxes first part is to obtain TAN number, After that on each payment made, you need to deduct certain percent of payment as TDS and pay that amount to Govt. online challans and file TDS return every quarter. Failure to do so you can face disallowance of expenses, which in fact will increase your tax outlay. Apart from that if you have taken a TAN number and deducted taxes but not paid it to Govt and TDS return has not been filed, you will be liable for Late filing fee which is Rs 300 per day along with penalty and prosecution.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cc3266 elementor-widget elementor-widget-heading\" data-id=\"5cc3266\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Eligibility criteria for filing TDS Return<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1498bb elementor-widget elementor-widget-text-editor\" data-id=\"e1498bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Organisations and employers who have a valid Tax Deduction and Collection Account Number (TAN) can file TDS returns. TDS must be filed for the below-mentioned payments that have been mentioned under the\u00a0<a href=\"https:\/\/www.bankbazaar.com\/tax\/income-tax-act.html\">Income Tax Act<\/a>\u00a0:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-378f8c4 elementor-widget elementor-widget-text-editor\" data-id=\"378f8c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Salary payment<\/li><li>Any gains that have been generated by winning puzzles, lotteries, and similar types of games.<\/li><li>Insurance commission<\/li><li>Any income that has been generated by Income on Securities.<\/li><li>Income that has been generated by winning horse races.<\/li><li>Payments that have been made towards National Savings Scheme and any other similar schemes.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f74a77e elementor-widget elementor-widget-heading\" data-id=\"f74a77e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Types TDS return forms:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1baf36 elementor-widget elementor-widget-text-editor\" data-id=\"c1baf36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>TDS return Form 24Q:\u00a0Statement for tax deducted at source from salaries<\/li><li>TDS return Form 26Q:\u00a0Statement for tax deducted at source on all payments other than salaries.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div 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The Income Tax Act states that tax will be deducted at source at different rates as provided. TDS return is to be submitted to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2078","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/comments?post=2078"}],"version-history":[{"count":13,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2078\/revisions"}],"predecessor-version":[{"id":2811,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2078\/revisions\/2811"}],"wp:attachment":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/media?parent=2078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}