TDS Return Filing
TDS Return Filing – Classic Partners LLP
Expert TDS Return Filing Services in Mumbai
Tax Deducted at Source (TDS) is one of the most important compliance requirements under the Income-tax Act, 1961. It ensures tax is collected directly at the source of income—whether it’s salaries, rent, professional fees, or contractor payments. At Classic Partners LLP, we provide professional TDS Return Filing services in Mumbai, helping businesses, employers, and individuals remain compliant, avoid penalties, and maintain accurate records.
What is TDS Return Filing?
TDS Return Filing is the electronic submission of TDS statements to the Income Tax Department. These returns report all tax deductions made during a quarter (Forms 24Q, 26Q, 27Q, 27EQ). Timely filing ensures that deductees (employees, vendors, professionals) receive proper TDS credit in Form 26AS, while helping deductors avoid interest, penalties, or compliance issues.
Who Needs to File TDS Returns?
Employers: TDS on salaries – Form 24Q
Business Owners: TDS on contractor and professional payments – Form 26Q
Banks & NBFCs: TDS on interest – Form 26Q / 27Q
Companies & Entities: TDS on rent, commission, technical services, etc.
Individuals / Organizations: Deducting TDS under applicable sections
Why Choose Classic Partners LLP for TDS Return Filing?
Comprehensive Filing Services
End-to-end management of TDS compliance – from challan preparation to e-filing and correction statements.Accurate Form Filing
Correct usage of Form 24Q, 26Q, 27Q, 27EQ with zero mismatches.Timely Filing Guarantee
Strict adherence to quarterly deadlines: July 31, Oct 31, Jan 31, May 31.Penalty Avoidance
Prevents interest and late fees under Sections 234E and 271H.Expert TDS Consultants
Skilled professionals with years of experience in TDS law and compliance.Error-Free Filing
PAN, challan, and deduction details cross-verified for 100% accuracy.
Documents Required for TDS Return Filing
TDS Certificates (Form 16 / Form 16A) – proof of deductions made
Challan Details (Challan 281) – proof of TDS deposited
PAN of Deductor & Deductee – mandatory for validation
Payment Details – salary, rent, professional fees, contractor payments, etc.
TDS Statements (Form 24Q, 26Q, 27Q, 27EQ) – quarterly deduction data
Benefits of Timely TDS Return Filing
Avoid Penalties & Interest: Non-filing attracts 1.5% monthly interest + ₹200/day late fee.
Compliance Reputation: Builds credibility with regulators and stakeholders.
Smooth Refunds for Deductees: Ensures employees/vendors get credit in their ITR.
Error Rectification: Early filing allows corrections through revised TDS statements.
TDS Rates & Key Sections
Section 192 – Salary: As per Income Tax Slabs
Section 194A – Interest (other than securities): 10%
Section 194C – Contractors/Sub-contractors: 1% (Individuals/HUF), 2% (Others)
Section 194I – Rent (Land/Building/Machinery): 2% / 10%
Section 194J – Professional/Technical Services: 10%
TDS Return Filing Process at Classic Partners LLP
Document Collection & Verification – PAN, challans, payment details, Form 16/16A.
Form Selection & Data Entry – Choose correct form (24Q, 26Q, 27Q, 27EQ).
e-Filing with Income Tax Portal / TRACES – File returns, validate entries, fix errors if any.
Certificate Generation – Issue Form 16/16A to employees, contractors, vendors.
Reconciliation & Follow-up – Match Form 26AS with filed returns, file correction statements if required.
Due Dates for Quarterly TDS Returns
Q1 (Apr–Jun): 31st July
Q2 (Jul–Sep): 31st October
Q3 (Oct–Dec): 31st January
Q4 (Jan–Mar): 31st May
Our Commitment
At Classic Partners LLP, we ensure your TDS compliance is hassle-free, accurate, and timely. From deduction to deposit, filing to corrections—we manage everything, giving you complete peace of mind.
