TDS / ITR Filing Services

Complete Tax Compliance Solutions for Individuals & Businesses

Tax Deducted at Source (TDS) and Income Tax Return (ITR) filing are essential compliance requirements under the Income Tax Act. Aggarwal H K & Co. provides comprehensive TDS and ITR filing services, ensuring accurate calculations, timely submissions, and maximum tax optimization for individuals and businesses.

TDS Return Filing

What is TDS?
TDS is a mechanism where tax is deducted at source when making specified payments like salary, professional fees, rent, interest, and commission.

Types of TDS Returns

Form 24Q – Salary TDS
Quarterly return for TDS on salary payments made to employees, including details of salary structure and tax deductions.

Form 26Q – Non-Salary TDS
Quarterly return for TDS deducted on payments other than salary such as professional fees, commission, rent, and interest.

Form 27Q – Foreign Payments
Quarterly return for TDS on payments made to non-resident Indians and foreign companies.

Form 27EQ – TCS Return
Quarterly return for Tax Collection at Source (TCS) collected by specified businesses on certain transactions.

TDS Compliance Benefits

Avoid Heavy Penalties
Late filing attracts penalty of ₹200 per day, and non-filing can lead to prosecution and penalties up to the TDS amount.

Interest Savings
Timely deposit prevents interest charges at 1.5% per month from the due date of deduction.

TDS Certificate Issuance
Enable generation of Form 16/16A for deductees, which they need for ITR filing.

Income Tax Return (ITR) Filing

Why File ITR?
Filing Income Tax Returns is mandatory for individuals with taxable income and provides numerous benefits beyond legal compliance.

Types of ITR Forms

ITR-1 (Sahaj)
For individuals with income from salary, one house property, and other sources up to ₹50 lakhs.

ITR-2
For individuals and HUFs not having income from business or profession but having capital gains.

ITR-3
For individuals and HUFs having income from business or profession.

ITR-4 (Sugam)
For presumptive income from business and profession under sections 44AD, 44ADA, or 44AE.

ITR-5, ITR-6, ITR-7
For LLPs, companies, trusts, and institutions respectively.

Benefits of ITR Filing

Claim Tax Refunds
If excess TDS has been deducted, filing ITR is the only way to claim refund from Income Tax Department.

Loan Processing
Banks require ITR acknowledgment as proof of income for processing loans and credit facilities.

Visa Applications
Many countries require ITR documents as proof of financial stability for visa processing.

Carry Forward Losses
File returns to carry forward business or capital losses to offset against future income.

Legal Compliance
Mandatory for individuals with income above basic exemption limit and all businesses regardless of profit or loss.

Our Comprehensive Services

TDS Services:

• Quarterly TDS return preparation and filing
• TDS computation and challan generation
• Form 16/16A issuance
• TDS reconciliation
• Response to department notices

ITR Services:

• Income computation and tax calculation
• Maximizing deductions under various sections
• Accurate form selection and e-filing
• E-verification for instant acknowledgment
• Tax planning and advisory

Key Deductions We Help Claim

• Section 80C – Investments up to ₹1.5 lakh
• Section 80D – Medical insurance premiums
• Section 80E – Education loan interest
• Section 80G – Donations to specified funds
• HRA exemption for salaried individuals
• Home loan interest deductions
• Business expense deductions

Documents Required

For TDS Filing:

• Payment details and invoices
• PAN of deductees
• TDS challan copies
• Salary registers
• Vendor payment records

For ITR Filing:

• Form 16/16A (TDS certificates)
• Bank statements
• Investment proofs
• Property documents
• Business financial statements
• Previous year’s ITR

Stay Tax Compliant! Trust Aggarwal H K & Co. for accurate, timely TDS and ITR filing services with expert guidance and maximum tax optimization.