Best TDS Filing Consultancy firm in Kothamangalam , Kerala

Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect tax at the point of income generation. Businesses and individuals making specified payments are required to deduct tax at source and deposit it with the government. TDS ensures steady tax collection and reduces the burden of lump-sum tax payments.

Who Needs to File TDS?

TDS filing is mandatory for:
✅ Employers or organizations deducting TDS on salary payments
✅ Companies, firms, and individuals making payments subject to TDS (e.g., rent, professional fees, interest, contract payments)
✅ Entities having a valid TAN (Tax Deduction and Collection Account Number)
✅ Individuals or businesses required to deduct TDS as per the Income Tax Act

Documents Required for TDS Filing

To ensure smooth and accurate TDS filing, the following documents are required:

✅ Basic Information:

• TAN (Tax Deduction and Collection Account Number) of the deductor 
• PAN Card of the deductor and deductees
• Details of the deductor (Name, Address, Contact Information)

✅ Transaction Details:

• TDS deduction details (amount, date, section under which TDS is deducted)
• Challans for TDS payments made to the government
• Salary details (for TDS on salaries), including Form 16 issued to employees
• Details of non-salary TDS deductions (professional fees, rent, interest, commission, etc.)

✅ Supporting Documents:

• Bank statements showing TDS payments
• Previous TDS returns filed (if applicable)
• Form 26AS reconciliation (to match TDS credits with the Income Tax Portal)