TDS Return Filing

Tax Deducted at Source or TDS is a source of collecting tax by Government of India at the time when a transaction takes place. TDS return is a quarterly statement to be given to the I-T department. Here, 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.

Various forms are used for filing TDS return, depending on the purpose of deduction.  This has to be filed by deductors together with quarterly statements. It summarizes the control totals of “amount paid” and “income tax deducted at source” which has to match with the totals in TDS return.

Documents Required

Tax Account Number of the deductor

Tax Paid Receipt

Details of tax deducted

Details of the inward and outward taxable supplies along with details of invoice