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TDS Return Filing

TDS (Tax deducted at Source) is required to be deducted from entities (both corporate and non-corporate detectors) that make payments (specified under Income Tax Act) to third parties (deductees). In addition to this, an individual or a Hindu Undivided Family whose total sale, gross receipts or turnover from business or profession carried on by him exceeds the monetary limits under Clause (a) or (b) of Sec. 44AB. A Tax Deduction/Collection Account Number (TAN) is to be obtained and applied for by all persons deducting or collecting Tax at source and quarterly return will be filed.