Tax deducted at source (TDS) ensures that the Government’s collection of tax is on time and the responsibility for paying tax is diversified.
TAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source. All most all for-profit entities and not-for-profit entities are required to obtain TAN.
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.
Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly. We can help you to file your TDS returns. Our TDS experts can help you compute your TDS payments and file the TDS return and keep you in compliance with TDS regulations.
Cost for TDS Preparation and Filing Return at TIN-FC : INR 2000.00 for one quarter, INR 3500.00 for two quarter, INR 6000.00 for four quarter.
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month otherwise penalty for late payment will be imposed.