TDS (Tax Deducted at Source) is an indirect tax collected by the Indian government as per the Income Tax Act of 1961. It is deducted by the person making a payment at the time of generating income or making a transaction and is remitted to the government on behalf of the recipient.
TDS follows the ‘Pay as you earn’ principle, where the tax is deducted at the source of income. The deductor is responsible for filing the TDS return to pass the tax benefits to the recipient. The Centralized Processing Cell (CSEB) oversees the process, providing guidelines and enforcing penalties for non-compliance.
PAN card
Bank account details
House property details
Form 26AS
Tax-saving investments
Tax payment challans
Interest income
Section 80 investments
Other sources of income
Form 16 and Salary Certificate from employer
