TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department.Īfter deducting TDS, the deductor has to deposit the same amount and its details to the government in a TDS return form. TDS is deducted on the following payments:Īlso Read: Financial year VS Assessment Year: What is the Difference? What is TDS Return?Ī TDS Return is a summary of all the transactions related to TDS made during a quarter. The deductor is responsible for the deduction of TDS before making any payment and deposit of the same with the India government. And the individual or company that receives the payment is called the deductee. The tax rates for TDS is prescribed by the tax department in India.Īn individual or company that pays the TDS is called a deductor. Any individual whose income exceeds a certain threshold is required to make TDS payment online or offline. The full form of TDS is Tax Deducted at Source and a taxpayer must pay it if his income exceeds the specified limit. How to Calculate TDS late Payment Interest?.What is required while making Challan Payment?.How to pay Interest on Late Payment of TDS Online?.What are the Consequences of Delayed TDS Online Payment?.Which are the Authorized banks for TDS Payment?.Can TDS Online Payment be made Quarterly?.What is TDS Payment Due Date for other Assesses?.What is TDS Payment Due Date for Government Assesses?.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |