TAX DEDUCTION AT SOURCE (TDS):
The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.
TDS returns to be filed by every deductor as per the specified due dates. Following are the compliances required:
- Monthly TDS payments
- Quarterly TDS returns
- Other TDS compliances
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