TDS Return (PAN Based)
TDS or Tax deducted at Source is a tax through which a portion of the tax is
paid directly to the Department Of Income Tax. This TDS is deducted either when the
money is credited to account of the payee or is deducted at the time of payment
whichever may be earlier. After the deduction of tax, it is necessary to file a return
of TDS with the Department Of Income Tax. TDS Return is quarterly statement and should
be it submitted on tim, which can be done online in an easy manner. The various details
to be mentioned in the TDS Return are PAN number of the deductor and the deductee,
amount of tax paid, challan information of the TDS and any other information as
required. There are different types of TDS Return forms which depends on the type of
income of deductee such as Form 24Q, 26Q, 27Q and 27EQ.
