
TDS Return
As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits.
A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed on quarterly basis and failing to which will incur penalty.
Eductor is a person / legal entity who deducts Tax & remits the same to the government by filing TDS returns.
Deducted is a person/legal entity from whom the Tax is deducted.
The returns have to be filed for every quarter i.e. May 31, July 31, October 31 and January 31 for 2018-19.