Following are the basic duties of the person who is liable to deduct tax at source.
• He shall obtain Tax Deduction Account Number and quote the same in all the documents pertaining to TDS .
• He shall deduct the tax at source at the applicable rate.
• He shall pay the tax deducted by him at source to the credit of the Government
• He shall file the periodic TDS statements, i.e., TDS return (by the due date specified in this regard.
• He shall issue the TDS certificate to the payee in respect of tax deducted by him.
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|Asked: 2/2/19, 2:02 AM|
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|Last updated: 2/2/19, 2:42 AM|