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Income tax tds quarterly statement. Tds return is a statement that is submitted by the deductors to the income tax department on a quarterly basis. Deducting tax from salary payments does not end the tds compliance responsibilities of an employer. In view of the same the timelines to submit the quarterly tds tcs statement has been extended. Regarding furnishing of quarterly tds statements in form no.
24q 26q and 27q u s 200 3 of the income tax act 1961 rule 31a of income tax rules 1962 for the financial year 2020 21 1. Quarterly statements of tds. An employer has to file quarterly tds returns for tax deducted from salaries. The provisions of quarterly statements of tds have been introduced in the statute vide section 200 3.
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