What is TDS return and its advantages?

Most of the people do not know about the TDS returns. Actually, the TDS return is a quarterly statement which has to be submitted to the income tax department. You should file TDS return in a sequential manner and it is very beneficial for you. So, in this blog, I am going to share the advantages of  filing the TDS return.

TDS stands for tax deducted at source, which means collecting income tax in India under the act of income tax 1961. It is managed by the central Board of Direct Taxes (CBDT) and is part of the branch of sales managed by Indian revenue services (IRS). It has an excellent importance at the same time as undertaking tax audits. The objective of the TDS is to enable the salaried people to pay the tax every month and avoid the burden of lump sum payment. So, this is all about TDS returns. Now, given below are the benefits of TDS return.

Let’s elaborate some benefits of TDS return.

Easy, fast and intuitive

Filling TDS is easy, fast and reliable. It is very beneficial for you. It works as a tax deduction which takes place throughout the year. It also ensures a continuous flow of revenue to the government.

Prevents tax evasion

TheTDS return measure to prevent tax evasions. It also prevents a situation when a person or organization avoids paying his true tax liability. The evading tax is generally subject to criminal charges.

Increases the tax reach

TDS return helps in increasing the tax reach as it is deducted at the time of payment. It also prevents fraud, situations at the time of payment. The TDS can be filed through internet banking and mobile banking etc.

So, these are the benefits of TDS return. If you also want to file your TDS and want to  get more info about TDS, then you can also approach Tax Home. Tax Home is the leading service provider of One person company registration, LLP registration, FSSAI registration in Delhi and TDS return Preet Vihar. So, approach Tax home and get the best tax and business related solutions.