TDS is a abbrevation of Tax Deducted at Source which is generally called withholding charge. There are some recognized costs/portions against which government has suggested a specific rate of thinking. While affecting portion to social events to the deductor is required to deduct evaluate at source, pay the accumulated cost to the credit of government, archive quarterly TDS Return and issue a declaration of TDS deducted and spared fit as a fiddle no 16 or 16 An everything considered. The courses of action of TDS are outstandingly stringent and any protection have certifiable results. It is always extraordinary to come law as the cost of consistence is continually low conversely with discipline which a defaulter is required to pay. Startup Movers can help you in TDS Compliance
Key Points on TDS
- TDS is to be deducted at the period of making portion
- Seventh day of one month from now is the last date of TDS Payment
- TDS ought to be deducted at twofold rate if deductee does not have PAN number
- Region under which TDS is deducted must be determined in the TDS challan
- The Form 16/16A must be issued inside 30 days of reporting the TDS Return.