TDS

Income Tax & GST

 TDS
Under Income Tax
 1 Terms

CONTENTS 2 Process Flow

3 Sections

4 Conclusion
Part 01
Terms
Terms in TDS

PAYER/
Deductor
The one who pays and who deducts the TDS
TAN
TAN
PAN
The License given by a Gov to the payer to Deduct TDS

PAYER/Deductor TDS Deposit

TDS & Return
Return Depositing the TDS with Gov and Filing the Return
TDS with Details
Certifi TDS
cate Certificate
The Conf given by Payer to Payee to get the TDS Credit
 Part 02
Process Flow
Process Flow

TDS Deduction

Payer Deducts TDS at the time of payment or at the time of credition

Before 7th of the next month
whichever is earlier
b

TDS Return
Before 31st of the next
File the details of the Payee with the Gov month of that Quarter

TDS Certificate Before 15th of the next

month
Issues the TDS Certificate as a form for Tax Credit Purpose
 TDS Deduction TDS Deposit & TDS Certificate
Return

fvGenerally, the 7th day of the next month is the due date for payment. However, for the month of March, the date of payment
is 30th April* For Gov deductors it is 7 April
 TDS
Under GST

LINK

NOTE: When Buyer and Seller Concept comes TDS becomes TCS
CONCLUSION
LINK
THANK YOU