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TDS Return Filing

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Ensure Strict Compliance with Quarterly TDS Return Filing

Tax Deducted at Source (TDS) is a rigorous mechanism introduced by the Income Tax Department where a person (deductor) who is liable to make a specified payment to another person (deductee) deducts tax upfront at the source and remits it to the Central Government. Businesses and professionals who legally deduct TDS (on salaries, professional fees, rent, or contractor commissions) are strictly required to file detailed TDS returns on a quarterly basis. Filing accurate TDS returns is critical, as any delay or mismatch directly prevents your deductee from claiming their tax credit, heavily damaging your business relationships.

TDS Return Filing

Why Timely TDS Filing is Critical for Your Business

TDS compliance is absolutely not just a regulatory hurdle; it directly impacts the financial health of your vendors, employees, and your own company's audit trail.

  • Avoid Heavy Late Fees: Delaying your TDS return instantly attracts a mandatory, non-negotiable late fee of ₹200 per day under Section 234E.
  • Prevent Penalty Notices: Incorrect PAN data or missed filings automatically trigger severe penalty notices directly from the TRACES portal.
  • Employee Satisfaction: Filing Form 24Q exactly on time allows you to generate Form 16, which your employees urgently need for their own ITR filing.
  • Vendor Relationships: Your vendors and contractors heavily rely on your Form 26Q filing to see their vital TDS credit reflect in their Form 26AS.
  • Clear Audit Trails: Accurate quarterly TDS filings ensure your financial books and ledgers are perfectly aligned for annual statutory audits.
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Who Should Opt for This?

Our Interactive Planning Approach ensures that every client is actively involved in shaping their business strategy to match their goals.

Employers (Form 24Q)

Companies, LLPs, and firms legally deducting TDS on their employees' monthly salaries.

Businesses (Form 26Q)

Entities deducting TDS on vendor payments, commercial rent, contractor payments, or professional fees.

Property Buyers (Form 26QB)

Individuals mandatorily deducting 1% TDS when purchasing a real estate property exceeding ₹50 Lakhs.

Streamlined Registration Process

Experience a hassle-free incorporation with our 100% online, transparent, and legally compliant methodology.

  • Challan Verification
  • Data Consolidation
  • FVU Generation
  • Filing & Certificates
Checklist

Documents Required

  • Valid Tax Deduction and Collection Account Number (TAN) of your business
  • Details of TDS Challans already paid (BSR Code, Date of Deposit, Challan Serial Number)
  • Accurate PAN cards of all employees, vendors, and contractors (Deductees)
  • Total gross amount paid and exact TDS amount deducted for each deductee
  • Digital Signature Certificate (DSC) of the company's authorized signatory

Why Choose WealthWave?

TRACES Experts

Our team flawlessly navigates the highly complex TRACES portal to resolve defaults and correct old, erroneous returns.

Zero Error FVU

We meticulously prepare your complex FVU files to ensure they are immediately accepted on the very first upload.

Form 16/16A Generation

We provide true end-to-end service, generating the final TRACES certificates you need to hand to your vendors and employees.

Automated Reminders

We proactively track the strict quarterly deadlines (May, August, November, February) so your business never pays a single rupee in late fees.

Frequently Asked Questions

What happens if I officially pay the TDS to the bank but forget to file the return?
Paying the TDS is only half the legal process. If you do not formally file the quarterly return, the government does not know *whose* PAN to credit the tax to. Furthermore, you will be automatically charged a strict late fee of ₹200 per day until the return is successfully filed.
What is the exact difference between Form 24Q and Form 26Q?
Form 24Q is strictly used for declaring TDS deducted on employee Salaries. Form 26Q is used for all other non-salary deductions, such as professional consulting fees, contractor payments, and commercial rent.
What is a TRACES Default Notice?
If there is a mismatch in your PAN data, a short payment of tax, or late filing, the centralized TRACES portal automatically generates a default notice demanding additional tax, interest, or penalties.
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