Complete Guide to TDS (Tax Deducted at Source) in India: Rates, Deductions, and Compliance
WHAT IS TDS? TDS is a method used by the Indian government to collect taxes at the source of income. This means that when you receive certain types of payments, a portion of the tax is deducted before you get the money. This helps ensure that taxes are collected in advance and reduces the chances […]
Filing TDS Returns: Essential Steps, Forms, and Key Considerations
Filing TDS Returns: Essential Steps, Forms, and Key Considerations FILING TDS RETURNS The deductor must file TDS returns periodically, detailing the amount deducted and deposited. The deductee can claim credit for the TDS amount while filing their income tax return. 1. Periodic Filing The deductor must file TDS returns on a quarterly basis. This ensures […]