Tds certificates

Every person deducting tax at source is required as per Section 203 to furnish acertificate to the payee to the effect that tax has been deducted along with certain other particulars. This certificate is usually called the TDS certificate.

An annual tax credit statement is generated by the income tax department for a person subjected to TDS(deductee) in Form 26AS. The statement provides details such as name of the deductee, PAN of deductee, details of deductor, the TDS amount, the amount of TDS deposited with the Government by the deductor etc.