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TDS Return Filling

FRIENDSTAX is the Simplest and Easiest way to File your TDS Returns Online:

Get started in minutes, without any hassles. Filing TDS returns is now super easy with FRIENDSTAX. Just enter your details and we’ll take care of the rest.

What is TDS Return Filling?

Tax Deducted at Source (TDS) is a system of collecting taxes from the source of income such as salary, commission, dividend, or interest. It is a way for the Government to ensure that individuals and companies are not evading taxes by under-declaring their incomes.

Under TDS, the person making the payment deducts a certain percentage of tax before paying out your money to you. This deducted amount must then be reported in the form of an Income Tax Return Filing (ITR). This process requires all entities who have had TDS deductions made on their behalf to file returns with relevant documents via e-filing on time in order to claim back any excess amounts paid as tax due within stipulated timelines set forth by various taxation authorities.

The filing is highly recommended since it helps assesses and save considerable sums through exemptions available against investments like Life Insurance Premiums, Equity Linked Savings Schemes, etc. Failing could result in fines or penalties being imposed depending upon varying laws across states and jurisdictions.

Benefits of TDS Return Filling

  • Acknowledgment of your contribution to the employee provident fund.
  • Gives you access to documents related to the provident fund such as passbooks, statements of accounts, etc.
  • It ensures timely credit to the individual's account which helps in building financial security for future years.
  • It provides relief from any penalties due to delayed payments.
  • Helps in claiming tax deductions under Section 80C of the Income Tax Act.
  • Helps employers in getting back their contributions at the time of retirement.
  • Helps in building a retirement corpus and investments made into it are eligible for income tax deduction under section 80C.
  • Enables employees to avail of higher loan amounts at lower interest rates than other loans.

Why Choose FRIENDSTAX for TDS Return Filling?

  • FRIENDSTAX is a reliable and secure platform to submit TDS returns quickly and efficiently.
  • We are a trusted source to check the status of your TDS returns, refunds, and payments online.
  • We offer various tools and services to manage and monitor your TDS returns like detailed reports, email alerts, and notifications.
  • We allow you to manage your returns in a hassle-free manner with its easy-to-use dashboard.
  • We provide real-time data to allow users to make informed decisions on their returns.
  • We also provide 24/7 customer support to assist users with their queries.

Documents Required for TDS Return Filling

  • Permanent Account Number (PAN).
  • Form 16/16A.
  • Investment proof.
  • Bank statements.
  • Salary slips.
  • Property documents.
  • Any other income details.
  • Proof of tax deductions made throughout the year.
  • Form 26AS – Statement of TDS deducted from salary, interest income, etc.
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