TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures that the Government’s collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc. Finlegalforte can help obtain TAN Registration.
Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly Finlegalforte can help you file e file your TDS returns online. Our TDS experts can help you compute your TDS payments and e file the TDS return and keep you in compliance with TDS regulations. Use Remin Due to know more about your due dates for TDS return filing due date and TDS payment due date.
Documents Required For TDS Returns
1. Copy of TDS Challans Deposited
Following person are liable to file ETDS/ETCS return:
1. All Government department/office or
2. All companies.
3. All person required to get his accounts audited under section 44AB in the immediately preceding financial year; or
4. The number of deduces’ records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty.