TDS Return Filing Process
Tax Deducted at Source (Part 2) In our last blog on TDS we discussed what is TDS, how to deposit TDS and the Due date of deducting. In this blog we will discuss more about TDS filing. Once TDS is deducted and deposit. The deductor has to file TDS return to the government. For TDS filing deductor often need TAN. So firstly let us understand difference of PAN and TAN. PAN stands for Permanent Account Number and TAN stands for Tax Deduction Account Number. TAN is to be obtained by the person responsible to deduct tax, i.e., the deductor. In all the documents relating to TDS and all the correspondence with the Income-tax Department relating to TDS one has to quote his TAN. PAN cannot be used for TAN, hence, the deductor has to obtain TAN, even if he holds PAN. However, in case of TDS on purchase of land and building, the deductor is not required to obtain TAN and can use PAN for remitting the TDS. Further in case of TDS on rent and TDS on payment of certain sums by Individuals of HUFs, th