TDS / TCS Return Filing

Every business, company, or government organization responsible for making payments such as salary, commission, rent, interest, or professional fees is required to deduct or collect tax at source and file regular returns.
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are vital parts of India’s modern tax compliance system, ensuring that tax is collected at the very point of transaction.

At Rajasthan Filings, we provide complete TDS and TCS return filing solutions with accuracy, transparency, and timely submission. Our expert team ensures that every return is filed correctly, challans are matched, and credits are reflected in Form 26AS and AIS without error.

Meaning and Purpose

• TDS (Tax Deducted at Source):
  A specific percentage of tax deducted by the payer at the time of making payments such as salary, interest, contractor bills, rent, or professional services.

• TCS (Tax Collected at Source):
  A small percentage of tax collected by the seller from the buyer at the time of sale of specified goods or services like scrap, motor vehicles, foreign travel packages, or e-commerce transactions.

These systems help maintain transparency, prevent tax evasion, and ensure that tax is collected in advance before the final return filing.

Who Should File

• All registered businesses, LLPs, firms, and companies making payments that attract TDS.

• Sellers or service providers collecting TCS on specified transactions.

• Government departments, local authorities, and institutions required to deduct tax.

• E-commerce operators, banks, NBFCs, and payment aggregators.

TDS / TCS Return Forms

Quarterly Due Dates

Timely filing ensures that TDS credits appear correctly in the deductee’s Form 26AS and avoids penalties or notices.

Key Compliance Steps

1. Obtain TAN (Tax Deduction Account Number)
   Mandatory for all entities deducting or collecting tax.

2. Deduct or Collect Tax
   Apply the prescribed rate at the time of payment or credit.

3. Deposit Tax
   Pay through challan ITNS-281 by the 7th of the following month.

4. File Quarterly Return
   Upload return file (FVU format) through the official portal.

5. Issue Certificates

   • Form 16 / 16A for TDS

   • Form 27D for TCS

6. Reconcile and Verify
   Match all deductions and deposits with Form 26AS / AIS to ensure accuracy.

Commonly Used TDS Rates

Late Fees, Interest, and Penalties

Documents Required

• TAN and PAN of the deductor

• PAN details of all deductees

• TDS challan details (BSR code, amount, and date)

• Nature of payment and corresponding rates

• Digital Signature Certificate (DSC) for submission

Advantages of Proper Compliance

• Prevents penalties and interest

• Ensures smooth reconciliation of tax credits

• Enhances business credibility

• Facilitates faster refund processing for deductees

• Strengthens audit and accounting records

Why Choose Rajasthan Filings

• Professional TDS and TCS compliance experts

• Accurate preparation and quarterly filing of all return forms

• Real-time error correction and reconciliation

• Timely issuance of Form 16, 16A, and 27D

• Seamless coordination with TRACES and AIS systems

• Transparent service and nationwide support

We ensure that your TDS and TCS obligations are met on time — accurately, efficiently, and completely in line with current tax rules.

Conclusion

TDS and TCS return filing is not just a procedural task — it’s a critical part of a business’s tax and financial ecosystem.
Accurate deduction, timely deposit, and correct filing protect both the payer and the payee from compliance risks and departmental scrutiny.

With Rajasthan Filings, you get a reliable partner to manage the entire compliance process — from TAN registration to return submission — so you can focus on your business while we handle the accuracy and deadlines.