TDS & TCS Return:

TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department. The statement shows a summary of all the entries for TDS & TCS collected by the deductor and the TDS & TCS paid by the deductor to the Income Tax Authority. Typically, such a return is required to be filled within a stipulated period along with essential details related to the tax deduction, the deductor and deductee, among others.