TDS/TCS Return

TDS means Tax deducated at source.it is the indirect system of collection of tax from payee for Income tax purpose.TAN no is required for filling tds return.TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government.

The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number 

Due Date for TDS Filing & Payments
The due date for Payment of TDS deducted is seventh of the next month. For March, it is 30th April of the next year. The due date for TDS filing is as follows:

Quarter    Period                                        The due date for TDS reurn Filing
Q1            1st April – 30th June                  On or before 31st July
Q2            1st July – 30th September         On or before 31st October
Q3            1st October – 31st December    On or before 31st January
Q4            1st January – 31st March           On or before 31st May

TDS Certificate

Every person deducting tax as per provisions of section 203 is required to issue a TDS Certificate to the payee in respect of tax deducted by him along with certain other particulars. This certificate is called TDS Certificate.

Form 16: Certificate is to be issued in Form 16 containing details of TDS Payment, tax deducted at source and tax calculation based on which TDS was estimated. The certificate should be issued within 31st May of next financial year.
Form 16A:Certificate is to be issued in Form 16A containing details of payment and tax deducted at source. The certificate should be issued within 15 days of due date of filing the return.

Forms for TDS return
Different types of TDS forms are as follows :-
Form 24Q -TDS on Salaries
Form 26Q – TDS on payments other than Salaries
Form 27Q – TDS on payments made to Non-Residents
Form 27EQ – TCS

When TDS is requied to Deduct

It is the duty of the person who is making payment to someone for specified goods or services to deduct TDS and file TDS return. The specified payment includes salary, interest, commission etc. The person who deducts TDS is called deductor and the person whose tax is being deducted is called deductee.
TDS is not required to be deducted by Individuals and HUF except for those whose accounts are required to be audited u/s 44AB i.e. whose gross receipts in preceding financial year in case of business is more than 2 crore (From AY 2017-2018)  and in case of profession 50 lakhs (From AY 2017-2018) .