TDS Compliances

One of the main concepts of the Income Tax Act 1961 is tax Deducted at Source (TDS) and Tax collected at Source (TCS). All registered assessee who is liable to deduct TDS or TCS shall collect/Deduct tax and shall be deposited within the time limit specified by the Government.

The person making payment is required to deduct tax at source (TDS) at prescribe rate. Payer is known as deductor and the payee, who receives the net payment, is called the deductee. TCS is Tax Collected at Source by seller from buyers at the time of selling some prescribed goods.

TDS return filing is a quarterly statement that is to be given to the Income Tax department. It is necessary to submit the TDS returns on time. TDS return filing can be done completely online. Once the TDS returns are submitted the details will come up on Form 26 AS.

RDVS  helps in deduction tds/deposit tds and file tds return.