TDS stands for Tax Deducted at Source. In general, when a person receives income, he is liable to pay income tax on his income. However, in certain cases like payment of salary, commission, rent, interest, etc. the tax on such income is to be deposited by the payer himself.
TDS return is to be filed by the deductor/ payer (Mr. A) to reflect the amount of TDS deducted by him alongwith the details of person whose TDS is to be deducted, so that the payee (like Mr. B) can claim the TDS in his Income tax Return. There are different forms to file TDS return.
FORM 24Q- salary payment.
FORM 26Q- payment other than salary.
FORM 27Q- Paymnet to NRIs.
FORM 27EQ- TCS.
Various persons may be deducting TDS from our income (like-Mr. A, banks, employer, etc.) In order to claim the total amount of TDS deducted form our income, the payee (Mr. B) must check his Form 26AS.
1
2
3
4
5
6
7
8
9
1
2
3
TDS return is to be filed by the deductor/ payer (Mr. A) to reflect the amount of TDS deducted by him alongwith the details of person whose TDS is to be deducted, so that the payee (like Mr. B) can claim the TDS in his Income tax Return. There are different forms to file TDS return.
Various persons may be deducting TDS from our income (like-Mr. A, banks, employer, etc.) In order to claim the total amount of TDS deducted form our income, the payee (Mr. B) must check his Form 26AS.
Whenever a person makes a specified nature of payment as specified under the various TDS sections (like section 192 for salary), and the amount of payment exceeds the threshold limit provided under each section, then TDS is to be deducted at the rate specified under each section.
Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
Unilex is registered with the Ministry of Micro, Small & Medium Enterprises (MSME), a part of Government of India.
Unilex is a ISO certified body, assuring the quality professional services to aspiring startups
Subject to our terms and conditions, money back is guaranteed if we failed to give 100% customer satisfaction
Unilex is a Google Partner. Google Partners are tasked with helping businesses market their service or products online.
Satisfied Enterprenuers
Team Strength
Professional experience
Services delivered
Learning center
Get yourself updated with various start-up/Entrepreneurship laws applicable in India. Dive into our well written articles/blogs by our experts and get more information on government regulations and company rules and regulations.