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What is TDS Return Filing?

Tax Deducted at Source (TDS) return filing is a mandatory compliance process where businesses and individuals who deduct tax at source report these deductions to the Income Tax Department regularly. This return provides details of the tax deducted and deposited on payments like salaries, contract payments, rent, interest, and others. Filing TDS returns ensures transparency and proper credit of the deducted tax to the recipients, helping avoid penalties and legal issues.

Key Topic Index

  • What is TDS Return Filing?
  • Documents Required for TDS Return Filing
  • Benefits of TDS Return Filing for Exporters and Importers
  • Frequently Asked Questions (FAQs)
  • How Make Merchant Can Help You with TDS Return Filing
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Documents Required for TDS Return Filing

To file your TDS returns smoothly, keep the following documents handy :

  • TAN (Tax Deduction and Collection Account Number)
  • PAN (Permanent Account Number) of both deductor and deductees
  • Payment challans as proof of tax deposited
  • Details of all payments made and TDS deducted during the period
  • TDS certificate issued to deductees
  • Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) for online submission

Having these documents ready minimizes errors and expedites filing.

Benefits of TDS Return Filing for Exporters and Importers

  • Ensures timely tax compliance, helping avoid penalties and interest due to late filing
  • Facilitates smooth credit of deducted tax to the deductee’s account, aiding in accurate tax return filing
  • Builds credibility and trust with the government, which is crucial for international trade compliance
  • Helps maintain transparent financial records necessary for audits and regulatory checks
  • Streamlines overall tax liability management, enhancing cash flow efficiency

For exporters and importers, accurate TDS filings strengthen compliance with Indian tax laws while ensuring smooth financial operations.

Frequently Asked Questions (FAQs)

TDS returns need to be filed quarterly – July, October, January, and May, covering the previous quarter’s transactions.

Common forms include Form 24Q (salary payments) and Form 26Q (non-salary payments). The correct form depends on the type of payment.

No, TAN is mandatory for deducting and filing TDS returns.

Late filing attracts penalties and interest, and it may delay credit for deductees, potentially leading to scrutiny by the tax department.

TDS reduces your overall tax liability, as the deducted amount is adjusted against your tax payable during income tax return filing.

How Make Merchant Can Help You with TDS Return Filing

Make Merchant specializes in hassle-free TDS return filing services tailored for businesses, exporters, and importers. Our expert consultants assist you in :


  • Preparing error-free TDS returns with the correct form selection
  • Ensuring timely filing within deadlines to avoid penalties
  • Organizing and verifying all necessary documents for smooth compliance
  • Providing ongoing support for TDS certificates and corrective filings if needed
  • Guiding you on TDS payment and reconciliation for better cash flow management

When you want to launch your business, Make Merchant is where it's at!

Partnering with Make Merchant means peace of mind with your tax compliance, so you can focus on growing your business confidently and compliantly.

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We are a one-stop solution for businesses that wish to grow and move from local to global

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