Tax deducted at source (TDS), as the very name implies aims at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.” Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.The concept of TDS requires that the person on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.

  1. The Due Date for filing of TDS Return are:

    Quarter Period Due Date
    1st Quarter 1st April to 30th June 31st July
    2nd Quarter 1st July to 30th September 31st October
    3rd Quarter 1st October to 31st December 31st January
    4th Quarter 1st January to 31st March 31st May

  2. TDS Payment Deposit Due Dates for Government & Non Government

    Due dates for depositing TDS as under:

    1. For non-government Deductors- 7th of next month (except for the month of March where the due date is 30th of April).
    2. For Government Deductors-
      1. If paid through challan- 7th of next month.
      2. If paid through book-entry- Same day i.e. the day on which TDS deducted.

Note: TDS Deposition on the purchase of immovable property u/s 194IA, is 30th of next month and shall be accompanied by a challan-cum-statement in Form No 26QB.

Price INR 1500 per return