Ashok Anshit & Co.

In today’s complex taxation environment, Tax Deducted at Source (TDS) compliance has become a critical responsibility for businesses, professionals, and individuals. Filing TDS returns accurately and on time is not only a statutory requirement under the Income Tax Act, 1961, but also essential to avoid penalties, interest, and unnecessary notices from the Income Tax Department.

Ashok Anshit & Co, a trusted firm of Chartered Accountants, provides end-to-end TDS return filing services to ensure complete compliance, accuracy, and peace of mind. With our deep understanding of Indian tax laws and practical experience across multiple industries, we help clients manage their TDS obligations efficiently and transparently.

What is TDS (Tax Deducted at Source)?

Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect tax at the very source of income. Under this system, the person making specified payments such as salary, rent, professional fees, interest, commission, or contract payments deducts tax at prescribed rates and deposits it with the government.

The deductor is required to:

• Deduct TDS at applicable rates
• Deposit the deducted tax within due dates
• File periodic TDS returns
• Issue TDS certificates (Form 16 / 16A) to deductees

Failure in any of these steps can result in penalties, interest, and legal consequences.

Importance of Timely TDS Return Filing

Timely filing of TDS returns is essential for both deductors and deductees. Some key reasons include:

• Avoidance of penalties and late fees
• Smooth processing of income tax returns for deductees
• Prevention of income tax notices and scrutiny
• Accurate reflection of TDS credits in Form 26AS
• Compliance with statutory requirements

At Ashok Anshit & Co, we ensure that every TDS return is filed correctly and within the prescribed deadlines.

Types of TDS Returns

Different TDS returns are required to be filed depending on the nature of payment:

Form 24Q

Filed for TDS deducted on salary payments.

Form 26Q

Filed for TDS deducted on non-salary domestic payments such as:

• Professional fees
• Contract payments
• Rent
• Commission
• Interest (other than securities)

Form 27Q

Filed for TDS deducted on payments made to non-residents.

Form 27EQ

Filed for Tax Collected at Source (TCS).

Our team ensures correct classification and filing of the applicable TDS return forms.

Who Needs TDS Return Filing Services?

TDS return filing is mandatory for:

• Companies and LLPs
• Partnership firms
• Proprietorships
• Professionals (Doctors, CAs, Lawyers, Consultants)
• Employers
• Startups and MSMEs
• Individuals and HUFs liable for tax audit

If you deduct tax on any specified payment, you are legally required to file TDS returns.

TDS Return Filing Due Dates

TDS returns are filed quarterly. The general due dates are:

Missing these deadlines can attract heavy penalties.

Penalties for Late or Incorrect TDS Filing

Non-compliance with TDS regulations can result in:

• Late filing fee under Section 234E – ₹200 per day
• Penalty under Section 271H – ₹10,000 to ₹1,00,000
• Interest under Section 201(1A)
• Disallowance of expenses in income tax assessment

With Ashok Anshit & Co, you stay protected from these risks.

Our TDS Return Filing Process

We follow a systematic and transparent approach:

1. Data Collection

We collect salary details, payment records, PAN details, challans, and other relevant information.

2. Verification & Reconciliation

Cross-checking TDS deducted, challans paid, and matching data with Form 26Q/24Q requirements.

3. Return Preparation

Preparation of accurate TDS returns using government-approved utilities.

4. Filing & Acknowledgement

Online filing of TDS returns and sharing acknowledgment receipts with clients.

5. TDS Certificate Assistance

Support in issuing Form 16 and Form 16A to deductees.

Why Choose Ashok Anshit & Co for TDS Return Filing?

✅ Expert Chartered Accountants

Our experienced CAs ensure complete legal compliance.

✅ Accuracy & Timeliness

Zero-error filing with strict adherence to deadlines.

✅ End-to-End Support

From deduction to filing and certificate issuance.

✅ Notice Handling

Assistance in responding to TDS-related notices.

✅ Affordable Pricing

Cost-effective solutions for businesses of all sizes.

Industries We Serve

We provide TDS services across multiple sectors, including:

• Manufacturing & Trading
• IT & Software Companies
• Real Estate
• Healthcare Professionals
• Educational Institutions
• Startups & MSMEs
• E-commerce Businesses

Common TDS Mistakes We Help You Avoid

• Incorrect PAN details
• Wrong TDS rates
• Mismatch of challans
• Late return filing
• Non-issuance of TDS certificates

Our proactive approach minimizes compliance risks.

TDS Return Filing for Small Businesses & Startups

Small businesses and startups often struggle with tax compliance due to limited resources. At Ashok Anshit & Co, we offer simplified and affordable TDS return filing services specially designed for startups and MSMEs, allowing entrepreneurs to focus on growth while we handle compliance.

TDS Compliance & Advisory Services

In addition to return filing, we also provide:

• TDS applicability analysis
• TDS rate advisory
• Lower/Nil TDS certificate assistance
• Rectification of defective returns
• TDS audit support

Why Professional TDS Filing Matters

TDS compliance directly impacts your business credibility and financial health. Errors can lead to blocked refunds, disallowed expenses, and litigation. Engaging professional CAs like Ashok Anshit & Co ensures smooth, compliant, and stress-free operations.

Get Hassle-Free TDS Return Filing with Ashok Anshit & Co

Whether you are a business owner, employer, or professional, Ashok Anshit & Co is your trusted partner for TDS return filing services in India. Our commitment to accuracy, compliance, and client satisfaction makes us the preferred choice for reliable taxation services.

📞 Contact us today to ensure timely and error-free TDS compliance.