Agrasen Tradedocs Private Limited

Income Tax Returns for the Assesment Year 2020-2021 are available now. The last date to file the same is November 30th, 2020. 

Income Tax Returns for the Assesment Year 2020-2021 are available now. The last date to file the same is November 30th, 2020. 

Tax Deducted at Source (TDS) is a means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid after deducting prescribed percentage. It is managed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service . It has a great importance while conducting tax audits. Assessee is also required to file quarterly return to CBDT. Returns states the TDS deducted & paid to government during the Quarter to which it relates.