TDS (Tax Deducted at Source) filing involves submitting periodic reports to tax authorities about the taxes withheld by an organization or individual on various payments, such as salaries, interest, or contract fees. This process ensures that taxes are collected at the source of income and helps in streamlining tax collection. TDS filings typically require detailed information on the amounts deducted, the recipient’s details, and the relevant sections under which the deductions were made. Accurate and timely TDS filing is crucial to avoid penalties and interest. It also enables the proper credit of taxes to the recipients’ accounts and ensures compliance with tax regulations.