TDS Return

Tax Deducted at Source refers to a means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment which is covered under these provisions shall be paid after deducting prescribed percentage. The tax which is deducted at source is known as TDS as the name suggests. TDS filing services are also provided by Starters’ CFO.

It is compulsory for all corporate and government deductors to file their TDS returns on electronic media (e-TDS/TCS returns). However, those deductors who are not corporate/government deductors can file either in physical or in electronic form. However, when it comes to Advance tax Calculations, many of the big companies face a problem, but we can help you with this as well.


Importance of TDS

  • It reduces tax- evasion.
  • It serves as a steady source of revenue from the government
  • Easier for a deductee as tax gets automatically collected and deposited to the credit of the central government

Procedure for TDS e-Filing

  • Go to the website https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp and fill respective challan number for TDS payments
  • Enter your TAN number and all other necessary details
  • Confirm the data so entered and login to the net-banking page
  • On successful TDS payment, the deductor is required to issue TDS certificate on yearly/quarterly basis.

So if you are facing any problem regarding TDS return filing services, just contact us, and we can solve your query with the help of our own professional team.



FAQs :


1. What is TDS?

TDS is simply Tax Deducted at Source.


2. What is TDS return filing?

TDS deducted is usually deposited to the government by submitting an income tax challan along with the payment. Besides depositing tax, as a Deductor, you must also file a TDS Return. A TDS Return is a quarterly statement which has to be submitted to the income tax department.


3. What is the rule of TDS deduction?

TDS is calculated on the basis of a threshold limit, which is the maximum level of income after which TDS will be deducted from future income/payments.


4. How do TDS work?

TDS works on the concept that every person making specified type of payments to any person shall deduct tax at the rates prescribed in the Income Tax Act at source and deposit the same into the government's account.