Tax deducted at source

[rekaa sekar]

HI

 I need to briefly about tds deduction, deposit and filings

[rishi mohan]

Sir,

You shall follow the link for the current tds rates.

https://www.taxtmi.com/manuals?id=362.

Tds returns are filed quarterly. Returns need to be filed at the end of every quarter. time limit is with in 15 days of the next month of the end of the quarter. 

 

[rishi mohan]

Sir actually i forgot to add the due dates for deposition of tds deducted.

The due date for depositing tds in 7th of the next month in which tds is deducted.

[CA Rachit Agarwal]

Date for deposit of TDS for the month of March is 30th April for TDS other than salary.

AI Summary

TDS compliance requires timely deposit and quarterly return filing, with a special extended deposit deadline for March non-salary deductions. TDS obligations require application of prevailing TDS rates, deposit of amounts withheld by the seventh day of the month following deduction, and filing of quarterly TDS returns within fifteen days of the month after each quarter; TDS deducted in March (other than on salary) is deposited by April 30.