TDS Return Meaning | What is TDS Return? | UBS
UBS App is now   Superworks  

  - don't miss our newly launched products!  

Know more

TDS Return

What is TDS Return?

A TDS (Tax Deducted at Source) return is a tax payment form by the payer. It is paid to the government wherein equitable substitute tax is calculated and deducted at the source. That is returned to the payer. A Tax Deduction contains the individual payment details, deduction details, etc. A TDS return is filed where it is mandatory for an individual for the payer to deduct income tax from the payments.

Along with deducting and depositing the tax in the government account, the deductor is also required to file a return which has to be done as a quarterly statement to the Income Tax department. TDS is not only to be deducted it is to be filed.

TDS Return Contains:

  • Deductor Details
  • Type Of TDS ( Salary, Non-Salary, Etc)
  • Year & Quarter
  • Challan Details
  • Salary Details For All Employees In The Fy
  • Tax Deduction & Deductee Details

TDS Return Is Applicable On The Following Class Of Assesses:

  • All govt. deductors & collectors
  • All corporate deductors & collectors
  • Place where no of collected records in a statement for one quarter of the Financial year is equal to or greater than 20.
  • Where collector or deductor is required to get accounts audited u/s 44AB of Income Tax Act, 1961 in the immediate FY.

All assesses other than those mentioned above can file TDS returns either in electronic or physical format.

Also, See: Professional Tax (PT)

Get Started

Solving Real Business Challenges with a Robust & Impeccable System

Any Query? Reach Out To Us.

We are here to help you find a solution that suits your business need.

Watch a Demo

Get a visual representation of how we work!

Schedule Demo
Get in Touch

Our sales expert is just one call away to meet your needs.

Get In Touch
Start Chat

Have a question?
Chat with Us

Start Chat