TDS return is the statement filed with the income tax department by deductors or collectors of TDS/TCS stating the details of amounts deducted/collected along with the PAN number, date and other essential details regarding the
Procedure to file e-tds return
Every person responsible to deduct tax is required to file TDS return.
As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns). However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
Fee charged by TIN facilitation centers is given as follows
|No. of deductee records in e-TDS/TCS return.||Upload charges
(exclusive of service tax)
(inclusive of service tax)
|Returns having up to 100 records||Rs. 38.00||Rs. 43.50|
|Form No. 26Q||Rs. 178.00||Rs. 204.00|
|Form No. 27Q||Rs. 578.50||Rs. 662.50|
Penalty of Rs.200 per day upto the date of filing of return from the due date is levied not exceeding the amount of TDS for that quarter. Penalty for non-filing of TDS return for more than one year, may extend to Rs.1 lakh.
The due dates for filing quarterly TDS returns, both electronic and paper are as under
|Quarter||Due Date for Government Deductors||Due Date for Other deductor|
|April to June||31 July||15 July|
|July to September||31 October||15 October|
|October to December||31 January||15 January|
|January to March||15 May||15 May|
PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees.
Following are the forms for TDS/TCS returns and their periodicity
|Form No. 24Q||Quarterly statement for tax deducted at source from ‘Salaries’||Quarterly|
|Form No. 26Q||Quarterly statement of tax deducted at source in respect of all payments other than ‘Salaries’||Quarterly|
|Form No. 27Q||Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents||Quarterly|
|Form No. 27EQ||15 May||Quarterly statement of collection of tax at source|
The following are the various types of corrections that you can make to an accepted regular TDS/TCS statement
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