Visit the incometaxefiling to Login to your Account Deductee claims the TDS credit while filing the Income Tax Return.Deductor issues a TDS Certificate to the Deductee ( Form 16, Form 16A, Form 16B, Form 16C, Form 16D).Hence, the deductor files the relevant TDS Return Form ( 24Q, 26Q, 27Q, 27EQ).Therefore, deductor deposits the TDS with the Income Tax Department.The deductor makes the payment to the Deductee after deducting TDS under relevant section ( 194C, 194J, 194H, 194IA, 194I, 194A, 192, 194IB).It is important to understand how this entire process works. While a Deductor can download TDS Certificate from TRACES, the Deductee can verify the details of the TDS Certificate from TRACES. An individual receives 4 types of TDS certificates in a financial year. Hence, it is important to verify the validity of the TDS certificate. This certificate is usually called the TDS certificate. Every person deducting tax at source is required as per Section 203 to furnish a certificate to the payee to the effect that tax has been deducted along with certain other particulars.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |