Best TDS Return Filing in Chennai

In India, the person or entity who has deducted tax at source has the responsibility of filing TDS (Tax Deducted at Source) returns.

TDS returns are filed by the following catagory

✔ Employers who deduct tax at source from the salaries of their employees.

✔ Banks and financial institutions that deduct tax at source from the interest income paid to their customers.

✔ Any person or entity who makes payment to a non-resident and is required to deduct tax at source.

✔ Any person or entity who makes payment to a resident contractor or professional and is required to deduct tax at source.

✔ Any other person or entity who is required to deduct tax at source under the provisions of the Income Tax Act, 1961.

✔ Quarter 1 (April - June): 31st July

✔ Quarter 2 (July - September): 31st October

✔ Quarter 3 (October - December): 31st January

✔ Quarter 4 (January - March): 31st May

We, Legitmind helps businesses and entity to file TDS returns on time to avoid penalties and interest charges.

The due dates for TDS payment are as follows:

For Non-Government Deductors
✔ TDS deducted in the month of March - 30th April of the next Financial Year.

✔ TDS deducted in any other month - 7th day of the following month.

For Government Deductors
✔ TDS deducted in the month of March - 30th April of the next Financial Year.

✔ TDS deducted in any other month - within 60 days from the end of the Financial Year.

It is important to note that if the due date for TDS payment falls on a non-working day, the payment should be made on the immediately following working day. Also, if the TDS is paid late, interest and penalties may be levied by the Income Tax Department.

We Legitmind, help you to pay TDS on time to avoid such charges.