Tds Return

TDS stands for tax deducted at source. Any business or person making a payment is required to deduct tax at source if the amount surpasses certain limits. The person making the payment or responsible for getting a tax deduction is known as 'deductor'. On the other hand, the person who gets the payment after the tax deduction is called 'deductee'. It is the deductor’s responsibility to deduct TDS before securing the payment and deposit the same with the government. TDS is decreased irrespective of the method of payment like cash, cheque or credit.