Introducing TDS Returns
WHEN YOU SHOULD FILE TDS RETURNS?
A TDS Return is a quarterly statement which has to be submitted to the income tax department.As per the government’s TDS Scheme, tax has to be deducted at the time of making payment.There are different forms applicable based on the Nature of Income (or type of deductee) on which TDS has been deducted.
|TDS Return Forms||APPLICATIONS|
|Form 24Q||TDS on Salary|
|Form 27Q||TDS where deductee is a non-resident, foreign company|
|Form 26QB||TDS on payment for transfer of certain immovable property|
|Form 26Q||TDS in any other case|
DUE DATES OF SUBMISSION OF TDS RETURNS
|For the quarter ending 30th June||15th July|
|For the quarter ending 30th September||15th October|
|For the quarter ending 31st December||15th January|
|For the quarter ending 31st March||15th May|