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What is TDS Return?
A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed on quarterly basis and failing to which will incur penalty.
Deductor is a person / legal entity who deducts Tax & remits the same to the Government by filing TDS returns.
Deductee is a person/legal entity from whom the Tax is deducted.
Due dates for filing returns:
The TDS returns have to be filed for every quarter after the end of the quarter i.e. May 31, July 31, October 31 and January 31.
Details required for TDS returns filings
- Name of the Entity (Proprietorship/ Partnership/ Company/ LLP)
- Date of Incorporation of the business
- TAN details
- PAN details
- No of Transaction for filing TDS returns
- Period for which TDS has to be filed
- Last TDS filing details if any
TDS Return Due Date
| Quarter | Period | Last date of filing |
| 1st Quarter | 1st April to 30th June | 31st July |
| 2nd Quarter | 1st July to 30th September | 31st October |
| 3rd Quarter | 1st October to 31st December | 31st January |
| 4th Quarter | 1st January to 31st March | 31st May |
Types of TDS Form
| Form Number | Purpose |
| Form 24Q | TDS from Salaries |
| Form 24Q | TDS on all payments apart from salaries |
| Form 24Q | Dividend, interest or any other amount payable to non-residents |
| Form 24Q | Collection of tax at source |
Late Filing Fees
Failure to file your returns within the due date will mean that you will be subject to a late filing fee of Rs.200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.
