TDS return

[yujin kim]

Dear sir

Our turnover is approx 1crore to 2core.

We are doing TDS return quarterly and TDS payment monthly.

Is it possible do the TDS return yearly , if possible, when is the due date and procedure?

I heard as per turnover VAT return, service tax return quarterly, yearly is possible.?

What about the TDS return?

Will be appreciate ur kind reply.

[jatin minocha]

dear mr kim

tds pymnt is monthly before 7th of next month when payment is made or credited whichever is earlier

tds retrn is quarterly-due date before or on 15th of next mnth on end of quarter ,for last qtr of fin yr it is 15 th may

no procedure of yearly tds returns

thanx

AI Summary

No Annual TDS Returns: Must File Quarterly Despite Turnover of 1-2 Crore; Monthly Payments Required by 7th. A forum participant inquired about the possibility of filing TDS returns annually instead of quarterly, given their business turnover of approximately 1 to 2 crore. They mentioned that VAT and service tax returns could be filed quarterly or yearly and sought clarification on TDS procedures. The response clarified that TDS payments are made monthly before the 7th of the following month, and TDS returns are filed quarterly, with specific due dates. It was confirmed that there is no provision for filing TDS returns annually.