25/03/2022 Financial & Legal Services
Tax deducted at source or TDS is mandatory to be filed by a Business entity, which is making any kind of payment to employees or vendors beyond certain limits. The Income Tax Act states that tax will be deducted at source at different rates as provided. TDS return is to be submitted to the Income Tax Department online and it is a quarterly statement, while tax deducted should be paid monthly.
The deductor is in charge of filing the TDS return with the Income Tax (IT) department in addition to remitting the tax. The TDS return filing is a qu...
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