TDS Return Filings

TDS (Tax Deducted at Source) Return Filing is a quarterly statement submitted by deductors to the Income Tax Department. It contains details of TDS deducted and deposited by the deductor. Filing TDS returns is mandatory for all deductors.

Filing TDS Return ensures legal compliance, helps avoid penalties, enhances transparency in financial transactions, and allows deductees to claim refunds for excess TDS deducted.

The process involves gathering necessary documents, preparing the return using TDS software or utility, validating the return file, generating the FVU (File Validation Utility) file, and submitting it to the TIN-FC (Tax Information Network - Facilitation Center) or online through the NSDL website.

There is no fee for filing TDS Return. However, professional fees may apply if you seek assistance from a tax consultant or professional.

TDS Returns need to be filed quarterly, i.e., four times a year.

While it's not mandatory to have an attorney, it can be beneficial to ensure your return is correctly filed and to handle any legal issues that may arise during the process.

TDS Return filing is specific to India. However, non-resident Indians (NRIs) with income in India are also required to file TDS returns.