TDS & Tax Refunds

Verification of TDS details in Form 26AS, support for claiming refunds.

TDS & Tax Refunds

Tax Deducted at Source (TDS) plays a crucial role in income tax compliance, ensuring that tax is collected at the time of payment. However, incorrect deductions, mismatches in Form 26AS, or excess tax payments can lead to complications in claiming refunds. With the latest updates in the Union Budget 2025-26, our ITR services provide seamless assistance in verifying TDS details, resolving discrepancies, and securing timely tax refunds.

TDS Verification and Compliance

TDS Aspect Description Benefits
Verification of Form 26ASCross-checking TDS details with income recordsEnsures accurate tax credit claims
Mismatch ResolutionIdentifying and rectifying discrepancies between Form 26AS and actual deductionsAvoids tax notices and delays in refunds
TDS on SalaryEnsuring correct deductions as per the latest income tax slabsPrevents over-deduction or under-reporting
TDS on Fixed DepositsVerifying bank deductions at 10% or as per applicable rulesHelps in claiming refunds for excess deductions
TDS on Rent & Other IncomeEnsuring proper deduction compliance under Sections 194I, 194J, etcAvoids penalties and misreporting

Tax Refund Assistance

Refund Type Eligibility Criteria Processing Time (Estimated)
Excess TDS DeductedTax deducted higher than actual liability4-6 weeks after ITR processing
Mismatch in 26ASErrors in TDS reporting corrected and verified6-8 weeks
Section 89 ReliefClaiming tax relief on arrears received4-8 weeks
Wrong PAN/TAN IssuesCorrection of incorrect PAN/TAN details in TDS statements Varies based on rectification

Union Budget 2025-26 Highlights for TDS & Refunds

Key Changes Details
TDS RationalizationStreamlining TDS rates on interest income and professional services
Faster Refund ProcessingEnhanced automation for quicker refund disbursement
Pre-filled ITR FormsForm 26AS data integrated for seamless tax filing
Penalty for MismatchesStricter penalties for incorrect TDS claims and non-reporting
Our ITR Services Include

Filing ITR with correct TDS details is essential to avoid tax complications and secure eligible refunds. With our expert assistance, you can ensure accurate tax filings, resolve TDS mismatches, and get refunds without unnecessary delays. Let us handle the complexities while you focus on your financial goals.

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Form 26AS Verification

Ensuring TDS accuracy and resolving mismatches.

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Refund Claim Processing

End-to-end support in securing tax refunds promptly.

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TDS Rectification Support

Assistance in correcting errors and updating details.

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Personalized Tax Advisory

Guidance on reducing TDS liability and optimizing tax savings.

TDS & Tax Refunds – Quick & Hassle-Free!

Verify your TDS details in Form 26AS and claim your tax refunds smoothly with Tax360.

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