Duty Deducted at Source (TDS) is a methods for gathering annual assessment in India, administered under the Indian Income Tax Act of 1961. It is overseen by the Central Board for Direct Taxes (CBDT) and is a piece of the Department of Revenue oversaw by Indian Revenue Service (IRS).
While making installment or booking of bill, whichever is prior, TDS ought to be deducted and same must be saved at the very latest seventh long periods of succeeding month. TDS return records Quarterly for example Apr-Jun ( 31st July) , Jul-Sep ( 30th October) , Oct-Dec ( 31st January), Jan-Mar ( 31st May).