TDS Return

Payees can get back their deduct amount that has been deducted in the form of TDS. In case the excess TDS has been deducted, the payee can file a return and claim the refund from the Income Tax Department.However, TDS is not just about deducting tax, it also about TDS return and for this, you need to file.

What is the process of filing TDS Return?

Foremost, you should have a Form 27A and it has multiple columns that must be filled. Form 27A is hard copies that can vary from the e-TDS return filed electronically.Allinformation,like a total of the amount paid and tax deduction at source, should be mentioned correctly.The most important thing is that the form 27A must contain the TAN number of the organization filing the TDS return.A mistake in filling the TAN number can make matching and verification difficult.

TDS Return