TDS

Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at Source -TDS) from these payments

TDS Returns - Payments outside India

TDS Returns - Payments outside India

  • Overview
  • Points to remember
  • Process

TDS Returns – Payments outside India (Form 27Q)

Foreign payments on your mind? Make sure TDS form 27Q is filled when applicable. Buy this plan from us and leave the filling to us.

Frequently Asked Questions

A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed quarterly. Different types of TDS deductions have to be filed using different TDS return forms.

TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. However, as advised by Income Tax Department, acceptance of e-TDS/TCS statements pertaining to Financial Years prior to 2007-08 has been discontinued at the TIN. The forms used for quarterly e-TDS statements Forms are 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of both, e-TDS/TCS statements.

1. Services Covered

  1. Registration on TRACES
  2. Form 26Q up to 10 deductees (1 no.)
  3. Bulk PAN Verification
  4. Challan Verification
  5. Online FVU Generation and Submission
  6. Generation of Form 16A

2. Who Should Buy

  1. Any individual who is required to make a payment other than salary and has to deduct TDS
  2. Any organization such as corporate, partnership firm, etc required to make specified payments (other than salary) after deduction of TDS
  3. Any branch of principal business office

 

3. Documents To Be Submitted

  1. Details of deductor
  2. Details of the responsible person
  3. Details of deductee
  4. Challan details
  5. Deduction details

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TDS Returns - Payments outside India Registration

₹1,499.00

Never let the businessman see down by giving your business a shining name with TDS Returns - Payments outside India registration. It is extremely easy to start and run!

Benefits of filing Income TAX Returns ?

  • Avoid a maximum penalty of Rs 10,000, if your total income exceeds Rs 5 lakh.

  • Taxpayers are often served notices from the IT department for delayed & missed return submissions.

  • Most embassies and consulates require you to submit IT returns for the last 3 years.

  • You can carry forward losses against house property and depreciation.

  • Your Tax Return documents are proof of your financial investments and will be useful when you apply for a loan

  • You can claim tax refund; the earlier you file the sooner you will get the refund.