Anyone who is held liable for paying tax is required to file TDS return. You need to submit the quarterly statement of TDS return to the I-T Department of India. If you are eligible for deduction, it is mandatory to submit TDS Return. It should provide all the information of TDS deposited and deducted by you for a specific quarter.

When it comes to file a TDS return, you first have to obtain a valid Tax Deduction Account Number (TAN). If you have to deduct TDS on payments, you need to assess them. All types of payments like Interest, Salaries, Payment to Contractors, Professional Fees, Rent of Building, and Rent of Machinery are covered under TDS. For all TDS payments, there are specific rates as per the Income Tax Act, 1961.

If you deduct TDS and has made payments to Indians related to any of those services mentioned above, it is mandatory to file TDS on paying salary (Form 24Q) and TDS on making other payments (Form 26Q) on quarterly basis. You may want to file Form 27Q for making payments to non-resident Indians on quarterly basis.

After filing your TDS return correctly, TDS certificates like Form 16 and Form 16A are generated.