How long does it take to register a company in India?

To register any company in India takes almost 10-15 days of time frame provided you have all the necessary documents in place.

How can I register a new company in Jaipur?

To register a new company in Jaipur, you must first apply to the Ministry of Corporate Affairs (MCA). You can also submit your application remotely using the MCA site. You’ll need a Digital Signature Certificate (DSC) and a Director Identity Number (DIN) among other things to register.

TDS Return Filing Online

Everyone whose TDS has been deducted is eligible to file their TDS return in India. The submission of papers, including TANs (Tax Deduction and Collection Account Numbers), PANs, amounts deducted, TDS payments, payment methods, etc., is a step in the filing of TDS returns..

Overview of TDS Return Filing

Tax Deducted at Source is referred to as TDS. It is the tax that the government takes in each time a transaction occurs. Depending on which occurs first, the tax amount is subtracted either when the money is credited to the payee’s account or when the payment is made. Tax collection from all income sources is the primary goal of TDS. In accordance with the rules of the Income Tax Act of 1961, a tax-deductor is required to submit a periodic TDS statement (quarterly) by the specified due date that contains information about the tax deductions made during the quarter. The rate at which TDS will be subtracted is determined by the Department of Income Tax. Before making the payment, the Deductor must deduct the TDS and deposit it with the government. In this instance, the entity or person who deducts the specified amount is referred to as the “deductor,” and the entity or person whose tax is being deducted is referred to as the “deductee.” There are many payments for both individuals and businesses.

The Categories under which TDS Return is filed

whomever has their account audited in accordance with section 44AB.
any person who is in office in accordance with government regulations.
Salary of any individual
Insurance commissions or any other income, such as from lottery games or other sources.
money received from the National Savings Program.
The following categories may be used to file a TDS Return using electronic media:

Filing TDS Return Online in India

The process of filing TDS return online in India is pretty simple. All you need to do is follow these steps: . 1. Go to the e-Filing website of the Income Tax Department. 2. Log in using your user ID, password, and date of birth or PAN number. 3. Select ‘TDS’ from the ‘e-File’ options on the left-hand side of the screen. 4. Choose the correct assessment year and form name from the drop-down menus. 5. Enter your TAN (tax deduction and collection account number). 6. Verify all the details you have entered and click on ‘Submit’. 7. Your TDS return will be processed and filed online!.
Filing your TDS return online is a quick and easy way to stay on top of your taxes in India. By following these simple steps, you can ensure that your tax return is filed correctly and on time.

Filing TDS Return Online in India

Advantages of Limited Liability Partnership

There are several advantages of filing TDS returns online in India. First, it is a convenient and easy process. Second, it helps to save time and money. Third, it is a paperless process and helps to conserve resources. Fourth, online filing of TDS returns is secure and confidential. Fifth, it helps to reduce the risk of errors and fraud.

The Documents needed for TDS Return Filing Online in India

To file your TDS return online in India, you will need the following documents:

Your PAN card.

A copy of your TDS certificate, issued by your employer or deductor.

Your bank account details (if you are making an online payment).

Your registered email ID and mobile number.

Because the Acts are separately controlled, a Limited Liability Partnership cannot be transformed into a Company, however, it is possible to convert a Limited Liability Partnership into a Partnership Firm.

However, before you start the online TDS return filing process, it is important that you have all the required information and documents at hand. This includes your PAN number, TAN number, bank account details, challan details, and so on.

Login to your account on the Income Tax e-filing website.

Click on the "TDS" tab and then select "File TDS Return".

Enter all the required information such as your PAN number, TAN number, financial year, etc.

Upload the relevant supporting documents like bank statements, challan details, etc.

Once everything is in order, click on the "Submit" button to file your return.

Due date details for Filing the TDS Return

Assuming that the assessee is liable to file TDS return, the due date for filing TDS return for the financial year 2018-19 is 31st May 2019.

However, if the assessee has furnished wrong PAN or has not furnished PAN, the due date for filing TDS return will be 7th June 2019.

Further, in case of e-filing of TDS return, if the assessee has not quoted his/her correct Permanent Account Number (PAN), then the return so filed shall be treated as invalid and shall be liable to be rejected.

The Penalty if the Deductor fails to File the TDS Return Filing before the due date

If the deductor fails to file the TDS return filing before the due date, he/she will be liable to pay a penalty of Rs. 5,000/-. This penalty is specified under section 234E of the Income Tax Act, 1961. Moreover, interest at the rate of 1% per month or part thereof from the due date till the date of actual filing of return shall also be payable.

Who can file the Tax Deducted at Source or TDS Return?

TDS or Tax Deducted at Source is a tax that is deducted by the deductor from the income of the assessee. The assessee can be an individual, a company, or any other entity. The deductor is required to deduct TDS at the time of making payment or crediting the income to the assessee.

The Income Tax Act has prescribed different rates of TDS for different types of payments. For example, TDS on interest earned on bank deposits is 10%. Similarly, TDS on rent payments is 2% for individuals and 5% for companies.

TDS Returns are filed quarterly by the deductor with the Income Tax Department. The due date for filing TDS Return is 30 days from the end of the quarter in which deduction was made.

Late filing of TDS Return attracts penalties. A penalty of Rs 200 per day (up to a maximum of Rs 5,000) is levied if the return is filed after the due date but before 31st December of that year. A penalty of Rs 500 per day (up to a maximum of Rs 10,000) is levied if the return is filed after 31st December.