1

About Us
Taxolawgy is an online marketplace for providing highest quality of Legal and Financial services in
the most transparent environment at affordable rates, while opening global business opportunities
for experts like Advocates, CA, CS, etc.

2
TDS RETURN FILING
Tax deducted at source (TDS) is basically a system where tax is deducted as per the provisions of
Income Tax Act 1961 at the point of generation of income. A TDS Return is a quarterly statement
which has to be submitted to the income tax department of India. It is compulsory to be filed on
time.
3
Who should file a TDS return?
It is the duty of every person who is making payment for specified goods and services to deduct
TDS and file TDS return. The specified payment includes commission, salary, interest,
professional fees, brokerage, royalty, contract payments etc. The person whose tax is being
deducted is called ‘deductee’ and the person who deducts TDS is called ‘deductor’.

4
Benefits of filing TDS return
Some of the benefits are as follows:

 Assists in regular collections of taxes

 Ensures to the government a regular flow of income

 Reduces the burden of paying a heavy tax

5
 Documents required to file TDS
The following documents are required: Aadhar Card
• Salary Slips
• Interest certificates from bank and post offices
• FORM 16
• FORM 16A/FORM 16B/FORM 16C
• FORM 26AS
• Tax saving investment proof
• Deductions under section 80D TO 80U
• Home loan statement from banks/NBFC
• Capital Gains

6
 Eligibility criteria for TDS return
TDS return can be filed by organizations or employers who avail a valid TAN (Tax Collection and
Deduction Account Number). Any person making specified payment as mentioned under
Income Tax - IT Act are required to deduct tax at source and needs to deposit the same within
the prescribed time for following payments.
• Payment of salary
• Payment by way of winning puzzles, lotteries etc.
• Income by way of winning horse races
• Insurance commission
• Payment as per National Saving Scheme and other schemes.

7
 Types of TDS Returns
The different types of TDS are as follows:
• Form 24Q- The TDS deducted on salaries
• Form 26Q – The TDS deducted on payments other
than salaries
• Form 27Q- The TDS deducted on payments made
to Non- Residents
• Form 27EQ – TCS
TDS Rates for TDS Returns
The rates at which the TDS can be deducted for
TDS returns are provided below in the government
website link which we have attached specially for
the purpose:
https://www.incometaxindia.gov.in/_layouts/15/dit/
Pages/viewer.aspx?path=/charts%20%20tables/tds
%20rates.htm&grp=&searchFilter=&k=&IsDlg=0.
8
 Tax deduction and collection account number)
What is TAN?
TAN is a 10-digit alphanumeric number which is
required by a person who is liable to deduct TDS and
file TDS return. This number is provided so that it
can be mentioned in all TDS Certificates issued,
returns, challans etc. If a person does not apply for
TAN, he may be penalised up to Rs. 10000.
Who is required to issue TDS certificates?
Every person who is deducting tax as per provisions of
section 203 is required to issue a TDS certificate. Even
banks and other such organizations deducting TDS on
pensions issue TDS certificates.
9
 PENALTY
Penalty, in case of delay in filing TDS return

According to section 234E, a penalty of Rs 200/- per

day shall be paid by the person until the time
default continues. It is to be noted that the total
penalty should not exceed the TDS amount.

Penalty for non-filing of TDS return

If the return is not filed within 1 year from the due date or if incorrect information
has been furnished it shall be liable to a fine (penalty). The minimum amount of
penalty should be Rs 10,000/- and the maximum is Rs 1,00,000/-.

10
 How to file TDS?
Below are the few steps you need to follow:
• Visit website www.tin-nsdl.com/services/etds-
etcs/etds-rpu.html You can find the file format in
which e-TDS return is to be prepared.
• The TDS return is to be prepared in accordance with
the format in clean text ASCII format and ‘txt’
extension for filename.
• The file made needs to be scrutinised for being free
from errors. FVU (file validation utility) provided by
NSDL assists in rectifying the errors and verifying
the same.
• The finalised generated FVU file can be then
submitted or uploaded at
incometaxindiaefiling.gov.in website

11
How Taxolawgy can help you file TDS Returns?
 Connects you with quality experts
 Provides you with the best services at affordable prices
 Ensures 100% Transparency; i.e. no hidden costs or additional fees
 Maximizes ease via online services
 Reduces service timeline through minimum paperwork

12
13