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

Understanding TDS: Quarterly Filing, Monthly Deposit by 7th, and April 30th Deadline for March Non-Salary Deductions. An individual inquired about the process of tax deducted at source (TDS), including deduction, deposit, and filing requirements. A respondent advised that TDS returns must be filed quarterly, within 15 days after the end of each quarter. Another reply clarified that TDS must be deposited by the 7th of the month following the deduction. Additionally, it was noted that for TDS related to March, the deposit deadline is April 30th for non-salary deductions.