TDS

This query is : Resolved

monia (Querist)
Follow

02 June 2009 HI All
Please can you tell me.
1.What is TDS ?
2.how many times are TDS returns filed? In both case company and individual?
3.how many times are TDS challan paid? In both case company and individual & HUF?
4.TDS Return Form No
5.TDS challan form No
6. what is critera for tds
I want to get all information related to tds . If possible Please help me

Monia

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

02 June 2009 1. TDS is Tax deducted at source. In some circumstances payer is required to deduct TDS on payment made to payee at the specified rate. Then the payer deposit this tax in Government account. Payee gets the credit of tax in their tax return.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

02 June 2009 2. 4 Times i.e. on quaterly basis.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

02 June 2009 3. Tax is deposited on monthly basis.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

02 June 2009 4. TDS return is electronic return. Form no. 24,26 & 27 used.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

02 June 2009 TDS challan no. ITNS 281 and after 1st july 2009 form 17 will be used and payment need to be made only online.