TDS Return

Tax Deducted at Source or TDS is a source of collecting tax by Government of India at the time when a transaction takes place. The tax is required to be deducted at the time money is credited to the payee's account or at the time of payment, whichever is earlier.

Who needs to file TDS Return:

• All persons who are required to deduct TDS under the Income Tax Act
• Companies, firms, and individuals with specified turnover
• Government departments and offices

Documents Required:

• TAN (Tax Deduction Account Number)
• PAN of deductor and deductees
• Details of TDS deducted and deposited
• Challan details of TDS payment