TDS i.e. Tax Deducted at Source, is the tax that has been deducted by the Government of India at the time of payments of some specific transactions including rent, commission, professional fees, salary, interest etc. TDS Return is the quarterly statement or summary of all the transactions related to the TDS made in the specific quarter.

1.  Process
 Benefits
 Documents
 Due Date

2. What is TDS Return Filing Online
 TDS i.e. Tax Deducted at Source, is the tax that has been deducted
by the Government of India at the time of payments of some specific
transactions including rent, commission, professional fees, salary,
interest etc.
 TDS Return is the quarterly statement or summary of all the
transactions related to the TDS made in the specific quarter. It
includes the details of TDS that has been collected & deposited to
the Income Tax Department by the deductor.

3. Who needs to file TDS Return?
As per Income Tax Act, TDS return has been filed for the given
types of payments:
 Salary income
 Income from securities
 Insurance commission
 Payments related to the NSC (National Savings Certificate)
 Earnings of winning horse races
 Earnings of winning lottery, puzzle, etc.
 Rent payment
 Sale or purchase of immovable property (house, shop etc.)

4. Benefits of Filing TDS Return
 Smaller payments: TDS has been deducted & paid as small
amount in every three months so it will become easier to manage the
finances.
 Regular Revenue: It ensures the stable flow of income for the
government and supports the welfare initiatives.
 Tracking refund: By online filing, you can track your refund, and can
claim any excess TDS that has been deducted.
 More convenient: Filing the TDS online can save your time & effort.
 Easy calculation of TDS: Online tools of calculating the TDS (like
TDS calculator) helps you to calculate the TDS on your salary.

5. TDS Return Filing Form
 On the basis of type of transaction or the purpose of tax deduction,
there are different forms available for filing the TDS return.
Form Type of Transaction
24Q TDS on salary
26Q TDS on payments other than salary (for resident deductee)
27Q TDS on payments other than salary (for foreign companies
which are non – resident deductees)
27 Quarterly summary of deduction of tax from interest,
dividends, or other sums which are payable to certain
individuals
27EQ TCS i.e. Tax Collected at Source
26QB TDS on the sale of a property
26QC TDS on rent

6. TDS Return Filing Due Date
 The online TDS Return Filing Date for every quarter is as given
below-
Quarter Period of TDS Return Filing Due Date
1
st
1
st
April to 30
th
June 31
st
July
2
nd
1
st
July to 30
th
September 31
st
October
3
rd
1
st
October to 31
st
December 31
st
January
4
th
1
st
January to 31
st
March 31
st
May

7. Documents required for online
TDS Filing
To file the TDS Return online successfully, you are required the
following documents-
 TAN i.e. Tax Deduction & Collection Account Number details
 PAN details of both deductor & deductee
 Tax amount that has been paid to the government
 TDS Challan details
 Previous TDS filing details
 Date of business incorporation
 Number of transactions for TDS return filing

8. Online TDS Return Filing Process
 Step 1: Official portal of e- filing
First of all, you have to visit the official portal of e- filing
 Step 2: Log in to the portal
After that, you have to log in to the portal using your PAN card and
password.
 Step 3: Choose the option of ‘Prepare & Submit TDS Return’
You have to click on ‘e-File’ tab given in the menu bar and then
select the option of ‘Prepare and Submit TDS Return’.
 Step 4: Choose financial year and form type
You have to select the relevant year and form type for your TDS and
then click on the option of ‘Continue’

9.  Step 5: Enter the required details
Then, you have to enter all the required details including the TDS
amount, PAN details of both deductor & deductee, and Tax deducted
at source
 Step 6: Review and submit
After that you have review all your details and then click on the
‘Submit’ option.
 Step 7: Acknowledgment Receipt
If your TDS Return has been successfully submitted, you will get the
acknowledgment receipt that you have to save or print for the future
reference and if Your TDS Return has been rejected then you will get
a memo of non – acceptance.

10. TDS Return late filing fees
The individuals or entities who are filing TDS return after
the due date have been liable to pay the penalty of Rs.
200 for per day until they file the TDS Return. In addition
to this the assessing officer can impose a penalty of up to
Rs. 10,000.

11. Conclusion
Congratulations to you for entering the world online filing of TDS
return. It is very important to control the tax deductions for doing the
proper financial management. Understanding the process properly is
the evidence of your dedication. Let LegalPillers be your guide to
simplify the TDS Return Filing and don’t let the complexities of the
tax law distracts you from your core operations.
Make sure that your business will stay on the right track by choosing
the LegalPillers as your trusted partner in TDS Return filing.