TDS payment or TDS return filing is mandatory every quarter by all persons and entities who have deducted tax at source.
A person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.
Each assessee liable to deduct TDS and required to apply for TAN No. and shall quote this number in all TDS Returns, TDS payments and other communications regarding TDS with Income Tax Department. TDS Returns or tax payment are to be submitted quarterly.
It is mandatory for all assesses liable to deduct TDS to quote TAN Number in all communications regarding TDS with the Income Tax Department and inability to do so attracts a penalty of Rs. 10000.