Question 1

When must TDS be deposited to the government?

Accepted Answer

TDS deducted must be deposited by the 7th of the following month. For March deductions, the deadline is 30th April. Government deductors must deposit on the same day if paid by book entry, or the 7th of the following month for other payments.

Question 2

What is the penalty for late TDS deposit?

Accepted Answer

Interest at 1.5% per month (or part of month) applies from the date of deduction to the date of deposit. Additionally, a penalty equal to the TDS amount can be levied under Section 271C for failure to deduct or deposit TDS.

Question 3

What are the due dates for quarterly TDS returns?

Accepted Answer

Q1 (April–June): 31st July. Q2 (July–September): 31st October. Q3 (October–December): 31st January. Q4 (January–March): 31st May. Late filing attracts ₹200 per day under Section 234E, subject to a maximum of the TDS amount.

Question 4

What is Form 26AS and why does it matter?

Accepted Answer

Form 26AS is your consolidated tax credit statement showing all TDS deducted and deposited against your PAN. It is critical for ITR filing — if TDS is not reflected in 26AS, you cannot claim the credit. We reconcile your books with Form 26AS to ensure all credits are accurately captured.

TDS Filing & Compliance

What's Included

Frequently Asked Questions

Other Services You May Need

GST Filing & Advisory

Income Tax Return (ITR)

Audit & Assurance

Company & LLP Registration

Accounting & Bookkeeping

Payroll Management

ROC / MCA Compliance

Let's Sort Your Taxes & Compliance Together