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TDS returns filing
Combining process and technology with professional expertise.
Wazzeer has been extremely efficient at finding the best-suited service providers and handling any issue or urgent requirements. They have come to our rescue for pretty much any non-business requirements. Strong recommendation from our side :)
More about TDS returns filing
What does the TDS returns package include?
- Calculation of monthly TDS amount
- Support in filing of TDS
- TDS returns filing
- Generation of Form 16 and Form 16A at the end of the year
Best suited for:
- Startups
- Small businesses
- Online businesses and entrepreneurs selling on ecommerce portals like Amazon, Flipkart etc.
- Freelancers and traders
Process Flow
Timeline 4-6 working days- Raise a request with us, discussion with Wazzeer team, share basic information
- Review proposal and hire
- Share details and documents
- Calculation of the monthly TDS amount based on the expenses of the month
- Support in filing the TDS
- TDS returns filing
- Generation of Form 16 and Form 16A for each vendor and employee at the end of the year
Required Documents
- Expense and payments data
- Nature of expense
- Employee salary details
Key Deliverables
- Calculation of TDS amount
- Support in filing of TDS
- TDS returns filing
- Form 16 for each employee at the end of the year
- Form 16A for each vendor at the end of the year
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
What is TDS?
TDS means Tax Deducted at Source. When any dealer makes any payment to any vendor, the dealer has to deduct TDS from the original amount.
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How do I deposit the TDS collected to Government?
- TDS is paid to Government through the Income Tax department every month
- Every quarter TDS returns need to be filed to the IT department. Here we need to give the details of every deduction made in that quarter. Details involves name of the vendor, PAN number, purpose of payment etc.
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What if I don’t deduct TDS from any of my Vendors
- IT Act makes it mandatory for a business to deduct TDS from vendors and employees. In case you don’t deduct TDS for any applicable case, then you will not be able to claim that expense in your company’s P&L statement while filing the ITR
- This increases the profit (or reduces the loss) of the company and the applicable taxes need to be paid
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I have not deducted any TDS in the month. Should I still do monthly TDS Filing?
In case, you have not deducted any TDS in the month, you need not do TDS filing for that month. However, you will have to do the quarterly filings )even if you have not deducted any TDS in the entire quarter).
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What are Form 16 and Form 16A?
- When we deduct TDS, and file returns every quarter, IT department issues Form 16A on the name of the vendors against whom TDS is deducted. Vendors use this while filing their annual IT Returns.
- Form 16 is generated once a year on the TDS deducted against the salary of the employees. This form is used by the employees while filing their Income Tax returns.
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