TDS Return Start From @ 999/-

✓ Tax Deducted at Source (TDS) is a means of collecting income tax in India, under the Indian Income Tax Act of 1961.
✓ Any payment covered under these provisions shall be paid after deducting prescribed percentage.
✓ It is managed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service.
✓ It has a great importance while conducting tax audits.
✓ Assessee is also required to file quarterly return to CBDT. Returns states the TDS deducted & paid to government during the Quarter to which it relates.
✓ A deductor is required to issue a TDS certificate called form 16 for salaried employees and form 16A for non-salaried employees within a specified time
✓ Deductor has to issue TDS Certificates within two months of the next financial year.