TDS Return for Individuals:
~Salary TDS (Form 24Q): If an individual or employer deducts TDS on salary payments, they need to file Form 24Q. This form includes details of TDS deducted from salaries and submitted to the government.
~Non-Salary TDS (Form 26Q): When TDS is deducted on payments other than salary, such as rent, interest, commission, etc., individuals need to file Form 26Q. This form contains details of TDS deducted from non-salary payments.

TDS Return for Businesses:
~TDS on Contractor and Professional Payments (Form 26QC): This form is filed for TDS deducted on payments made to contractors or professionals. It applies to businesses whose total sales, gross receipts, or turnover exceeds the threshold limit specified by the Income Tax Department.
~TDS on Other Payments (Form 26Q): Businesses need to file Form 26Q for TDS deducted on non-salary payments like rent, interest, commission, etc., similar to the process for individuals.
~TDS on Purchase of Property (Form 26QB): When an individual buys immovable property worth a certain amount, TDS needs to be deducted by the buyer and filed using Form 26QB.

1. TAN (Tax Deduction and Collection Account Number)
2. PAN of both the deductor and deductees
3. TDS Deduction Details
4. TDS Payment Challan Details
5. Form 16A and Form 16B (if applicable)
6. Form 26AS
7. Bank Account Details
8. Valid Digital Signature Certificate (DSC) (if applicable)

1. Register on the Income Tax Department’s Portal: If you haven’t already registered on the Income Tax Department’s e-filing portal, visit https://www.incometaxindiaefiling.gov.in/ and complete the registration process by providing necessary details such as PAN, name, date of birth, etc.
2. Select the Relevant TDS Return Form: Determine the appropriate TDS return form based on the nature of income and the category of the deductor.
3. Gather Required Information: Collect all essential information, including details of deductees, TDS deductions made, and challan details for TDS payments.
4. Prepare the TDS Return: Enter the gathered information accurately into the selected TDS return form.
5. Validate the Data: Utilize the built-in validation checks on the portal to validate the entered data.
6. Generate the TDS Return File: After validating the data, generate the TDS return file in the prescribed format (e.g., .txt format).
7. Submit the TDS Return: Log in to the Income Tax Department’s e-filing portal using your credentials. Navigate to the “Upload TDS” section and upload the generated TDS return file.
8. Authenticate the TDS Return: Proceed with the authentication process after successfully uploading the TDS return file. Choose the preferred method for e-verification, such as Aadhaar OTP or net banking.
9. Download the Acknowledgment (ITR-V): Upon successful submission and authentication, download the acknowledgment receipt (ITR-V) from the portal.
10. Submit the ITR-V (if applicable): If you haven’t opted for e-verification, sign the ITR-V acknowledgment and send it to the Income Tax Department’s Centralized Processing Center within 120 days from the e-filing date.

TDS Payment Due Dates:
*For all deductors (except the government): TDS deductions made in a month must be deposited by the 7th of the following month.
*For government deductors: TDS deductions made in a month must be deposited on the same day if done through Book Entry mode; otherwise, by the 7th of the following month.

Penalties for Late TDS Payment:
*Interest: 1% per month or part thereof for the delay in TDS payment.
*Late Filing Fee: Rs. 200 per day for each day of delay in filing the TDS return, subject to a maximum limit.
*Disallowance of Expenses: Expenses on which TDS should have been deducted may be disallowed as per the Income Tax Act due to non-compliance.