TDS return

Inquire for 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.

Forms for tds and tcs Return !!

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

Due date of filing TDS and TCS return !!

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


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.


TDS or TCS Certificates !!

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

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