What is a TDS Return Filing?
TDS return filing is a quarterly statement submitted to Income Tax Department and is required to be submitted by deductor. Return contains the details of TDS deducted and deposited by deductor, PAN of deductor and deductee, TDS challan information, etc. There are different TDS forms which are prescribed depending upon purpose of deducting TDS. TDS return filing must be done by every assesses who has deducted TDS after prescribed intervals.
What are the Types of TDS forms?
There are different types of TDS return filing forms that are prescribed dependent on the purpose of deduction of source (TDS) Following are various types of TDS forms :-
- Form 24Q, it is for the statement for tax deduction at source from salary (salary TDS)
- Form 26Q, this one is for the statement for tax deduction source (TDS) from everywhere except for the salary
- Form 27Q, which is for the statement for the tax deduction of source from other means of earning like interests from savings or fixed deposits,dividend funds or any other sum payable