PeerXP TDS Policy

PeerXP TDS Policy

About Tax Deducted at Source

India's Tax Deducted at Source (TDS) regulation requires that income tax must be collected from the income source. This means that if you make a taxable payment to PeerXP, you must deduct the tax from the payment at the prescribed rate and remit the tax to the Central India government.

To get credit for the amount deducted, you need to submit a TDS certificate to PeerXP. TDS certificates should be submitted every quarter, according to the timeline specified in the applicable Indian tax law. Certificates for quarters ending in June, September, December, and March must be issued by July 30th, October 30th, January 30th, and May 15th, respectively.
TDS certificates for the previous financial year will not be accepted if sent after May 31st of the current financial year. For example, all certificates for the fiscal year 2020 should be sent no later than May 31st, 2021.

Sending a TDS certificate to PeerXP

If you have a digitally signed TDS certificate from the Indian government, (either electronically signed or a PDF scan of the signed certificate) send it to us directly at billing@peerxp.com. After the certificate has been validated and the credit amount has been approved, the credit will be added to your account within 5 business days.

If the TDS certificate is not electronically signed by the Indian government, you can mail a paper copy of your TDS certificate to the following address:
PeerXP Services Private Limited
#2774/2775, 21st Main, HSR Layout Sector 1
Bengaluru, Karnataka, IN - 560102
After we receive the documents, we will verify that all documents are valid and will apply a credit to your account.
Upon delivery of the TDS certificate to PeerXP, please allow 5 business days for processing.

Have more questions? Please email us at billing@peerxp.com.
Also, let us know if the article is helpful!


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