Tax Deducted at Source return
TDS (Tax Deducted at Source) is an indirect system of collection of Income tax according to the Income Tax Act, 1961 at the source of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee. For Tax deduction and payment, the payer requires 10 Digit TAN number
A TDS Return is a quarterly statement which need to be provided to the Income Tax Department through specified site. Filling return is a mandatory for those who have deducted and deposited tax at source.