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<h1>New Guidelines for Filing TDS and TCS Returns: Key Sections 192, 194P, 194S, 194-IA, 194-IB, 194M</h1> The responsibilities and procedures for filing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) returns under Indian Income Tax laws. It mandates that individuals and entities, such as employers and tax collectors, must prepare and submit quarterly statements of tax deductions and collections to the Central Government. Specific forms and electronic submission guidelines are provided for various sections, including sections 192, 194P, 194S, 194-IA, 194-IB, and 194M. The text also details penalties for late submissions and conditions under which electronic filing is required. Additionally, it describes the process for claiming refunds through Form 26B.