Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax at source while making such payments.
In addition to the deduction and payment of taxes to the credit of the government, there is also an obligation to file TDS returns, which would enable the deductee to claim the TDS deducted on his income.
Due dates for filing TDS returns are as follows:
- 15th July for Quarter 1
- 15th October for Quarter 2
- 15th January for Quarter 3
- 15th May for last quarter i.e. Quarter 4