Answer ( 1 )

  1. 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 (by the due date specified in this regard*).
    • 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 (by the due date specified in this regard*).
    *Refer tax calendar for the due dates.

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