what is a tds

          TDS means  Tax deducted at source on specified payments ,income  as prescribed  by the Income tax act 1961 by person who are liable to deduct Tds at prescribed rate by  income tax Act . So it is the duty of the company  to deduct TDS as per rate  mention in the income tax act  and deposit with  the GOVT account in every succeeding month   for whole F.Y . for i.e.TDS deducted in the month of April  deposit  with challan at bank on or before 5 th of may .

All payments & income where TDS to be deducted  are in section 192 to secton 206B  of the income tax act 1961 .

you have file quarterly retrun in form 24q for salary and others 26q,and 27q for dividend and so on . for deductions of TDS 

Tds deducted in whole year  is applicable for  deductiion  at time of final assessment of income tax payable  by your company 

In addition to above   above you have obtain  TAN number form the Income tax department to deduct tax at source  and issue  certifcate 16A  for that  deduction to  party.