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![Tds provisions [income tax act, 1961]](https://cdn.slidesharecdn.com/ss_thumbnails/tdsprovisionsincometaxact1961-140709044039-phpapp01-thumbnail.jpg?width=640&height=640&fit=bounds)
TDS Presentation which has all the notes of it
- 1. Income Tax &GST TDS
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- 5. Terms in TDS PAYER/ Deductor Theone who pays and who deducts the TDS TAN The License given by a Gov to the payer to Deduct TDS TDS Deposit & Return Depositing the TDS with Gov and Filing the Return with Details TDS Certificate The Conf given by Payer to Payee to get the TDS Credit PAYER/Deductor TAN PAN TDS Return TDS Certifi cate
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- 7. Process Flow Payer DeductsTDS at the time of payment or at the time of credition whichever is earlier b TDS Deduction File the details of the Payee with the Gov TDS Return Issues the TDS Certificate as a form for Tax Credit Purpose TDS Certificate Before 7th of the next month Before 31st of the next month of that Quarter Before 15th of the next month
- 8. fvGenerally, the 7thday 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 Deduction TDS Deposit & Return TDS Certificate
- 9. Under GST TDS LINK NOTE: WhenBuyer and Seller Concept comes TDS becomes TCS
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