Every person and Entities who are responsible for Tax deduction at source (TDS) and Tax collected at source (TCS) required getting 10 digit alpha number called ‘’TAN”. For every month the amount deducted by the person by way of TDS and TCS should be deposited to the central government by stating the TAN number in the challan 281. The due date for depositing the same is the 7th day of following month. However the individuals with salary income are not required to obtain TAN, and also not responsible for either collection of tax and deduction of tax. Other persons or Entities are responsible for deduction of tax while making payments like rent exceeding Rs.1, 80,000 per year, salaries to employees, payment by way of commission and brokerage, royalty payment and payment to contractors etc. as per applicable TDS provisions. Those Entities who have TAN Registration are required to submit online TDS returns quarterly to the Income tax department within time by stating the details like amount deducted and deposited type of payment by those entities. The due date for filing TDS return is 15th day of the month following the end of the quarter, late filing may attract penalty. Deductors can submit TDS returns by uploading directly through NSDL website or through TIN facilitation centers established by NSDL.
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Our company registration associates are skillful in filing TDS returns. so we request our clients to take our executives suggestions. we do offer wide range of other services like GST filing, GST migration, ESI return, income tax filing.