Tax Deducted at Source and Tax Collected at source refers to the system of collecting and deducting income tax at a prescribed percentage as per the Indian Income Tax Act. Tax is deducted at appropriate rates when making payments, the amount deducted is referred to as TDS. Return statement states the amount TDS deducted and paid to government during the quarter or specified period to which it relates. At ARK Advisors we provide TDS Return Filing services in India.