TDS Return filing | Get TDS return

What is TDS Returns

TDS Return filing is required to be filled by every person who is liable to deduct tax under the provision of the Income Tax Act, 1961. Similarly, every person who requires to collect tax at source is liable to furnish TCS Returns on quarterly basis. The return includes fields like: TAN No., TDS or TCS Payment, Amount Deducted, PAN No. of person whose tax has been deducted or from whom tax has been collected, Payment Details, Section under which TDS deducted etc.

All other assesses except those specified above have the option either to furnish the return in physical format or electronic format.

S.No.	Form No	Particulars
1	Form 24Q	Statement for tax deducted at source from salaries
2	Form 26Q	Statement for tax deducted at source on all payments except salaries
3	Form 27EQ	Statement of collection of tax at source
4	Form 27Q	Statement for deduction of tax from interest, dividend, or any other sum payable to non-residents

S.No.

Form No

Particulars

Form 24Q

Statement for tax deducted at source from salaries

Form 26Q

Statement for tax deducted at source on all payments except salaries

Form 27EQ

Statement of collection of tax at source

Form 27Q

Statement for deduction of tax from interest, dividend, or any other sum payable to non-residents

Form/Quarter	Q1*	Q2	Q3	Q4
26Q	31st July	31st Oct	31st Jan	31st May
24Q	31st July	31st Oct	31st Jan	31st May
27Q	31st July	31st Oct	31st Jan	31st May
27EQ	15th July	15th Oct	15th Jan	15th May

Form/Quarter

Q1*

26Q

31st July

31st Oct

31st Jan

31st May

24Q

31st July

31st Oct

31st Jan

31st May

27Q

31st July

31st Oct

31st Jan

31st May

27EQ

15th July

15th Oct

15th Jan

15th May

Delay in filling of TCS or TDS Return
As per the provision of Section 234E, a late fee of Rs. 200 per day is applicable to be paid to the Income Tax Department towards the late filing of TDS/TCS return. The maximum amount of penalty cannot go beyond the amount of TDS or TCS.

Non-filling of TCS or TDS Return filing
A person shall also be liable to penalty in case the return has not been filed within 1 year from the due date of filing of return or if incorrect information has been delivered. The penalty levied should not be less than Rs. 10,000 and not be more than Rs. 1,00,000.

Form no.	Period	Form No. 16A/ 27D	Form No. 16B
Form No. 16	Annual	TDS from Salary	On or before 31st May of the financial year immediately following the financial year in which tax is deducted.
Purpose	Quarterly	16A for any other TDS And 27D for TCS	Within 15 days from the due date of furnishing quarterly TDS/TCS.
Due Date	=	TDS on sale of immovable property	Within 15 days of furnishing challan in Form No. 26QB

Form no.

Period

Form No. 16A/ 27D

Form No. 16B

Form No. 16

Annual

TDS from Salary

On or before 31st May of the financial year immediately following the financial year in which tax is deducted.

Purpose

Quarterly

16A for any other TDS And 27D for TCS

Within 15 days from the due date of furnishing quarterly TDS/TCS.

Due Date

TDS on sale of immovable property

Within 15 days of furnishing challan in Form No. 26QB

Inquire for TDS RETURN !!

What is TDS Returns

Forms for tds and tcs Return !!

Due date of filing TDS and TCS return !!

TCS OR TDS Return

TDS or TCS Certificates !!

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