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TDS Return Filing

Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at Source -TDS) from these payments and 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 during the preceding financial year shall also be liable to deduct tax u/s.194A,194C,194H, 194I & 194J. All persons deducting or collecting Tax at source are required to apply for and obtain a Tax Deduction/Collection Account Number (TAN)and Quarterly return will be filed.