TDS returns need to be submitted on Quarterly basis
Any organisation responsible for deduction of tax at source (TDS) is mandatorily required to submit a TDS return in Form 24Q and 26Q on a quarterly basis. The prescribed time to file return has been provided as follows:
Quarter 1: April to June- 31st July
Quarter2: July to September- 31st October
Quarter 3: October to December- 31st January
Quarter4: January to March- 31st May
The TDS return for salaries is to be filed in form 24Q whereas TDS returns for different payments like payment to Professional and technical fee, payment to contractorsetc. canbe madethroughform 26Q.
For more details on TDS Compliances, refer to our website www.incometaxforngos.org