**Why You Should File Your TDS Returns on Time**

1. **Avoid Penalties** 

   Late filing of TDS/TCS returns incurs a penalty of ₹200 per day until the default is corrected.

2. **Prevent Additional Fines** 

   Beyond the daily penalty, failing to file within a year can result in extra fines ranging from ₹10,000 to ₹1 lakh.

3. **Ensure Accurate Income Reconciliation** 

   Timely filing helps align the income reported in TDS returns with what is declared in income tax returns, ensuring accurate financial records.

4. **Prevent Expenditure Disallowance** 

   If TDS returns are not filed on time, the assessing officer might disallow deductions related to unreported TDS, leading to additional tax liability.

5. **Facilitate Form 26AS** 

   Form 26AS consolidates all TDS details for the year. You can only claim TDS credits if they appear in this form. Failure to file TDS returns can cause issues for the taxpayer and might lead to last-minute claims.

**Types of TDS Returns**

1. **Form 24Q** 

   This form is used to report tax deductions on employee salaries. All employers in India must file this return.

2. **Form 26Q** 

   This form covers tax deductions on various payments other than salaries, such as rent, professional fees, interest, dividends, and contractor payments.

3. **Form 26QB** 

   Use this form to report TDS deductions related to the sale of immovable property in India.

4. **Form 27Q** 

   This form is for detailing transactions involving foreign payments.

5. **Form 27EQ** 

   This return is filed for tax collection at source (TCS) on transactions like the sale of liquor, tendu leaves, scrap, timber, etc.

6. **Form 27D** 

   This form is used to obtain a certificate of TCS, which validates the TCS return filed through Form 27EQ.

**Process of Filing TDS Returns**

1. **Submit Details and Documents** 

   Upload the necessary information and documents for TDS return filing on our web portal.

2. **Select a Package and Make Payment** 

   Choose the suitable service package and complete the payment using the available options.

3. **Assignment to a Specialist** 

   After placing your order, your case will be assigned to one of our dedicated professionals.

4. **Preparation and Review** 

   Our team will prepare your TDS return and send you the statement for review and approval.

5. **Online Filing** 

   Once you approve the statement, our professional will file the TDS return online.

6. **Receive Acknowledgment** 

   You will receive an acknowledgment receipt of the TDS return via email.

**Documents Needed for TDS Return Filing**

1. **Information about the Deductee** 

   Provide details for each person from whom TDS has been deducted.

2. **TAN (Tax Deduction and Collection Account Number)** 

   This is the unique identification number assigned to the entity responsible for deducting or collecting tax.