Frequently Asked Questions
What does TDS mean?
TDS refers to Tax Deducted at Source. This amount is deducted from diverse payments like, contract payment, salary, commission and so on. The amount that is deducted can be adjusted against the due tax of the deductee.
Who all are required to file a TDS return?
TDS return filing is the responsibility of anyone who is making a payment to somebody for products or services. The payment can be in the form of commission, salary, professional fees, brokerage, contract payments and so on.
Who are eligible for TDS return?
TDS return is compulsory for those individuals whose accounts are audited. For other business entity it is applicable for all payments made to employees and vendors above certain threshold limit.
Are there different TDS forms?
Yes, there are different types of TDS forms that take into account salaries, payments other than salaries, payments made to non-resident and so on.
Is TAN needed when filing for TDS return?
Yes, TAN Number is the first Requirement to start filing TDS or even for deducting TDS. Without TAN if someone deducts TDS that business entity can be prosecuted.
Do employees or deductees require PAN card?
Yes, you do require a copy of your PAN card. This is must to file return and to make TDS credit claimable by deductee. Failure to furnish Pan No. will render deduction at higher rate i.e . 20%
How may TDS certificates are issues?
There are broadly divided into three types, such as not salary payments, salaries TDS.
Who all are required to field TDS return?
All government and corporate collectors/ deductees are against TDS return filing.
Who is the administrator of online TDS return filing?
The Director General of Income Tax (systems) is the administrator.
How can I file TDS Return?
You can go through the TDS return procedure online with. We are here to assist you throughout the process.
Do I have to mention my TAN details?
Yes, it is absolutely necessary and compulsory that you mention the 10 digital unique TAN while filing for TDS return.
Why AKT Associates?
Expertise - That Counts
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience - That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.
Efficiency - That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.
Cost - That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences - That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.
