TDS Returns

TDS (Tax Deducted at Source) is a mechanism where a person making specified payments, such as salary, interest, commission, etc., deducts tax at the source and remits the same to the government. TDS returns are statements that provide details of TDS deducted and deposited by the deductor. Here's an overview of the TDS return process in India:

Types of TDS Returns:

1. Form 24Q:
For TDS on salaries.

2. Form 26Q:
For TDS on payments other than salaries.

3. Form 27Q:
For TDS on payments made to non-residents.

4. Form 27EQ:
For TCS (Tax Collected at Source) returns.