Tax Deducted at Source (TDS) is a system where tax is deducted at the time of making payments such as salaries, rent, professional fees, interest, and more. Businesses and individuals required to deduct TDS must file TDS returns quarterly with the Income Tax Department.

Filing TDS returns on time ensures compliance with tax laws, prevents penalties, and allows taxpayers to claim tax credits easily.

Who Needs to File TDS Returns?
TDS return filing is mandatory for:
✔ Employers deducting TDS on salaries
✔ Businesses & Professionals making payments with TDS deductions
✔ Banks & Financial Institutions deducting TDS on interest income
✔ Tenants deducting TDS on rent payments exceeding ₹50,000 per month
✔ Anyone deducting TDS as per Income Tax Act provisions

Steps to File TDS Returns Online
1️⃣ Collect TDS details (Deductor & Deductee PAN, amount, challan details, etc.)
2️⃣ Prepare the TDS return using the correct form and format
3️⃣ Validate the return using the File Validation Utility (FVU)
4️⃣ Upload the return on the TRACES portal or through an authorized intermediary
5️⃣ Download TDS acknowledgment for record-keeping

TDS Return Due Dates & Late Filing Penalty
TDS returns must be filed quarterly (by 31st July, 31st October, 31st January, and 31st May).

Late filing penalty: ₹200 per day (under Section 234E) until the return is filed.

Failure to file can lead to a penalty ranging from ₹10,000 to ₹1,00,000 (Section 271H).

Why Choose AuditFiling.com for TDS Return Filing?
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✅ Affordable Pricing – Cost-effective TDS filing services