Description
TDS, expanded as Tax deducted at source is a type of indirect tax administered by the Central Board of Indirect Taxes. … TDS challan is used for depositing the TDS with the government. This is a single challan that can be used for depositing the taxes collected under the different sections of the Income Tax Act.
TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at the source if the payment exceeds certain threshold limits. … It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government.
| Quarter | Quarter Period | TDS Return Due Date |
|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st August 2018 |
| 2nd Quarter | 1st July to 30th September | 31st October 2018 |
| 3rd Quarter | 1st October to 31st December | 31st January 2019 |
| 4th Quarter | 1st January to 31st March | 31st May 2019 |
The TDS statements can be uploaded using DSC. To upload using DSC, first upload the TDS zip file and also attach the digital signature file. Then, click on Upload. Once the TDS statement is uploaded, a success message will appear on the screen and a confirmation mail will be sent to your registered email ID.
Single Challan can be tagged in the TDS Return for payment of TDS under different sections. This comes as a welcome relief for many deductors who have to deposit multiple challans for depositing TDS under various sections. For Example: A Challan of Rs. 10,000/- can be used for payment of Tds U/s 194C of Rs.
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