TDS stands for tax deducted at source. This concept came into existence for fulfilling the regular revenue inflow of Government. In TDS scenario, tax is deducted from some specific payments and this deducted tax is deposited subsequently to Government on periodical basis.
For deducting tax, a person has to obtain TAN or Tax Deduction and Collection Number, a 10 digit alpha number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business (which are required to be tax audited) and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent, etc. Those entities, who have TAN Registration, must then file TDS returns. TDS returns are due quarterly.
Ishtar Traders and Consultants LLP can help you file your TDS returns online. Our TDS experts can help you compute your TDS payments and file the TDS return and keep you in compliance with TDS regulations.
• Ishtar Traders and Consultants LLP can help your business file TDS return and deposit TDS payments on time.
• Ishtar Traders and Consultants LLP TDS Expert will collect the necessary information and documents for preparation of TDS return for your business.
• Based on the documents and information presented, Ishtar Traders and Consultants LLP TDS expert will prepare your TDS return and send for your approval.
• Once the TDS return is verified and approved by you, our TDS expert will file your TDS return with the Income Tax department.
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