TDS Returns
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TDS Returns Filing — Done Accurately, Filed On Time
TDS compliance is not just limited to deduction — it’s about correct reporting, timely filing, and avoiding penalties.
At Elevate Accounting & Auditing, we handle your TDS returns filing end-to-end, so your business stays compliant without the stress.
- Quarterly TDS return filing (24Q, 26Q, 27Q)
- Accurate data reconciliation
- Timely submissions to avoid penalties
What Are TDS Returns?
TDS (Tax Deducted at Source) returns are quarterly statements submitted to the Income Tax Department of India.
These returns contain:
- Details of tax deducted
- PAN of deductees
- Nature of payments
- TDS amounts deposited
Who Needs to File TDS Returns?
You are required to file TDS returns if you deduct tax on:
- Salaries (Section 192)
- Contractor payments (Section 194C)
- Professional fees (Section 194J)
- Rent payments (Section 194I)
- Interest and other specified payments
Types of TDS Returns
Different forms apply based on the nature of payment:
- Form 24Q – TDS on salaries
- Form 26Q – TDS on non-salary payments (resident)
- Form 27Q – TDS on payments to non-residents (including NRIs)
- Form 27EQ – Quarterly TCS returns (separate from TDS, for collectors if applicable) Choosing the correct form is critical to avoid rejection or notices.
Our TDS Returns Services
We provide complete TDS return filing and compliance support, covering every stage:
TDS Return Preparation & Filing
- Accurate preparation of quarterly returns
- No change needed if TDS-only focus; else: “Filing of Forms 24Q, 26Q, 27Q (TDS) and 27EQ (TCS if applicable)
- Validation to avoid errors and rejection
TDS Deduction & Compliance Support
- Guidance on correct TDS rates and applicability
- Ensuring timely deduction and deposit
- Ongoing compliance tracking
TDS Reconciliation
- Matching TDS data with books and Form 26Q/24Q
- Identifying mismatches or short deductions
- Corrections before filing
TDS on Salary & Vendor Payments
- Salary TDS calculation as per tax slabs
- Compliance for contractor, rent, and professional payments
- Proper reporting under relevant sections
Correction & Revised Returns
- Rectification of errors in filed returns
- Filing revised TDS statements
- Handling mismatches and defaults
TDS Refund & Adjustment Assistance
- Support in correcting excess TDS deposits for deductors and guiding deductees on ITR claims for refunds
- Correction of incorrect deductions
- Follow-up on refund status
TDS Notices & Assessment Support
- Assistance in responding to notices
- Representation before tax authorities
- Support during audits and assessments
Why Accurate TDS Filing Matters
Incorrect or delayed filing can result in:
- Late filing fees under Section 234E
- Interest on delayed deduction or deposit
- Notices from the Income Tax Department
- Disallowance of expenses in some cases
Proper handling of TDS returns helps avoid unnecessary complications.
TDS on Payments to UAE-Based NRIs (Section 195)
TDS on payments to NRIs is governed by Section 195 of the Income Tax Act, and rates are often higher than resident rates, depending on the nature of income and the relevant section (for example, capital gains, interest, or royalties).
For capital gains, TDS is typically 20% (LTCG) or slab rates up to 30% (STCG) on sale consideration, plus applicable surcharge and 4% cess.
Payers making taxable payments (other than salary) to NRIs must deduct TDS and file quarterly TDS returns in Form 27Q, reporting all such non-resident payments and deductions.
DTAA Benefits for UAE-Resident NRIs
UAE-based NRIs can often reduce their TDS burden by using the India–UAE Double Taxation Avoidance Agreement (DTAA), where a lower treaty rate applies to certain incomes like interest or dividends.
To claim DTAA relief, you generally need to provide:
A Tax Residency Certificate (TRC) from UAE authorities, and Form 10F, electronically filed by the NRI on the e-filing portal, provided to the Indian deductor along with the TRC
With valid TRC and Form 10F, applicable TDS rates may drop significantly compared to standard domestic rates, depending on the treaty article for that income.
Key Aspects for UAE NRIs
TDS Applicability: TDS under Section 195 applies to India-sourced income such as rent from Indian property, interest from Indian bank deposits or NRO accounts, certain dividends, and capital gains taxable in India.
Form 27Q: The Indian payer (bank, tenant, buyer, etc.) files Form 27Q every quarter for non-salary payments made to NRIs.
TDS on Property Sale by NRIs
For property sales by NRIs, TDS under Section 195 generally applies on capital gains, and effective rates.
TDS at 20% on full sale consideration for LTCG (>24 months) or 30% for STCG under Section 195, plus surcharge and cess.
The actual rate can be reduced where an NRI obtains a certificate for lower or nil deduction from the tax department based on computed capital gains.
If excess TDS is deducted, the NRI can claim a refund by filing an Indian income tax return (e.g., ITR-2).
TDS Return Filing Due Dates
TDS returns are filed quarterly, as per the financial year:
| QUARTER | PERIOD | DUE DATE |
|---|---|---|
| Q1 | April – June | 31st July |
| Q2 | July – September | 31st October |
| Q3 | October – December | 31st January |
| Q4 |
January – March 31st May (of following FY, e.g., May 31, 2026 for FY 2025-26) |
31st May |
Missing these deadlines can lead to penalties and interest charges.
Why Choose Elevate Accounting & Auditing
Expert Advisory
Clear guidance on TDS applicability and compliance
Timely Filing
Returns filed within deadlines to avoid penalties
End-to-End Handling
From deduction to filing to notice handling
Accurate & Error-Free Process
Reduced chances of rejection or correction
Confidential & Secure
Your financial data is handled with care
Stay On Top of Your TDS Compliance
TDS returns require accuracy, timing, and proper reporting — small mistakes can lead to bigger issues.
With Elevate Accounting & Auditing, your TDS filings are handled the right way from start to finish.
Get your TDS returns filed correctly and on time with Elevate.
Frequently Asked Questions (FAQs) -
Who is required to deduct TDS?
Any individual or entity making specified payments such as salary, rent, contractor fees, or professional fees must deduct TDS if applicable under the Income Tax Act.
What are the due dates for TDS return filing?
TDS returns are filed quarterly, with due dates on 31st July, 31st October, 31st January, and 31st May.
What happens if TDS is not deducted or deposited on time?
It can lead to interest, penalties, and possible notices from the Income Tax Department.
Can I claim a refund for excess TDS deducted?
Yes, excess TDS can be claimed as a refund by filing the appropriate returns and correcting any discrepancies.
How can I get started with Elevate Accounting & Auditing’s TDS services?
You can reach out to our team with your requirements, and we will guide you through the process step-by-step.Top of FormBottom of Form