TDS Return Filing

Individuals responsible for deducting tax at source are mandated to file TDS returns as part of their compliance duties. These returns, submitted by the Tax Deductor every quarter to the Income Tax Department, serve as comprehensive statements detailing the tax collected, its sources, and the tax remitted to the Government for the specified reporting period.

Commonly, tax deductions occur on various transactions, including salaries, payments to professionals or contractors, and rents exceeding specific thresholds. Each transaction type carries a designated rate of deduction. It's noteworthy that the deductee can only claim the benefit of tax deductions during Income Tax Return (ITR) filing if the deductor has timely filed the TDS return.