Tax Deducted at Source (TDS), as the name signifies, refers to deduction of tax from the source of income. TDS is required to deduct by payer as per various sections of Income Tax Act like section 192, 194A, 194C, 194J, 194H, 195 etc. The details furnished in the TDS Returns are captured in Form 26AS for the deductee, basis which they can avail the credit of the TDS, while filing their Income Tax Returns.
TDS RETURNS REQUIRED TO BE FILED QUARTERLY:
FORMS AVAILABLE FOR TDS RETURN FILING:
TDS on Salary
TDS on Non-Salary
TDS where deductee is a non-resident, foreign company
TDS on payment for transfer of immovable property