TDS Return Form: Types, & Submission Process

tds return online — (Source: letscomply)

Tax Deduction at Source (TDS) is the tax collected from the actual source of income. As per this concept, the employer shall deduct tax at source from his employee’s salary and deposit the same to the central government’s account.

Likewise, a TDS return form aims to summarise all the TDS related transactions in a particular quarter. The employer needs to submit it to the Income Tax department if he has deducted any TDS.

What Are the Types of TDS Returns Forms?

Based on the nature of your TDS deduction, you will mainly find 4 types of TDS return forms:

Form 24Q
Form 26Q
Form 27Q
Form 27EQ

What Is Form 24Q in TDS?

TDS Return Form 24Q is the quarterly statement for TDS deductions from salaries. If the employer has not deduced or deducted tax at a lower rate, he needs to mention the reasons in the form.

Purpose

Form 24Q consists of two Annexures.

Annexure I contains the details of the deductee-wise break up of TDS against each particular challan.
On the other hand, Annexure-II contains the details of the salary credited or paid and net payable tax for that financial year.

You need to submit Annexure I for all quarters of a financial year. Conversely, in the case of Annexure-II, you need to submit it only in the last quarter (Jan - Mar).

Sections Covered

Section	Nature of Payment
Section 192A	Remuneration is given to the Government employees apart from the employees of the Union Government.
Section 192B	Remuneration is given to the non-government employees
Section 192C	Remuneration is given to the employees of the Union government

[1]

Data Requirements

To file TDS Return Form 24Q, you need the list of credentials stated below.

TAN (Tax deduction Account Number)
Challan details -
- Serial number
- Date
- Amount
Employee details -
- Employee’s PAN
- Other income details

Due Date for Form 24Q

The Form 24Q return filing due dates are listed below.

Quarter	Due Date of Return Filing
April to June	31st July
July to September	31st October
October to December	31st January
January to March	31st May

[2]

What Is Form 26Q in TDS?

TDS Return Form 26Q is the quarterly statement for TDS deductions from all other kinds of payments except salaries.

Purpose

Form 26Q consists of only one Annexure and must be submitted for all quarters for the financial year.

Here, the deductor needs to mention why he/she is not deducting TDS or deducting it at a lower case, whatever is applicable.

Sections Covered

Section	Nature of Payment
193	Interest on securities
194	Dividend
194A	Interest other than interest on securities
194B	Winnings from lotteries and crossword puzzles
194BB	Winnings from horse race
194C	Payment of contractor and subcontractor
194D	Insurance commission
194EE	Payment in respect of deposit under (NSS) national saving scheme
194F	Payments on account of repurchase of units by mutual funds or UTI
194G	Commissions, prizes etc., on sale of lottery tickets
194H	Commission or brokerage
194I(a)	Rent
194I(b)	Rent
194J	Fees for professional or technical service
194LA	Payment of the Compensation on acquisition of certain immovable property
194LBA	Certain income from compensation on acquisition of certain immovable property
194DA	Payment in respect of life insurance policy
194LBB	Income in respect of units of investment fund
194IA	Payment on transfer of certain immovable property excluding agriculture land
194LC	TDS on income by way of interest from an Indian Company or a business trust
194LD	TDS on income by way of interest on certain bonds and Government Securities
194LBC	Income in respect of investment in securitisation trust
192A	Payment of accumulated balance due to an employee from the trustees of the Employees’ Provident Fund Scheme, 1952
194N	TDS on cash withdrawal over ₹ 1 crore
194M	TDS on payment to resident contractors and professionals
194O	TDS on E-Commerce Transactions under Section 194O with effect from 1st April 2020

Data Requirements

To file TDS Return Form 26Q, you need the following list of credentials.

Challan details -
- Serial number
- TDS amount
- Surcharge amount
- BSR Code
- Education cess amount
- Interest amount
- Total tax deposit
- Demand draft number or cheque number (if applicable)
- Collection code
- Tax deposit date
- TDS deposition method
Payer details -
- Name
- Address
- PAN Number
- Contact details
Payee details -
- Name
- Email ID
- Full address
- Contact number
- PAN Number
- Telephone number

Due Date for Form 26Q

Here you will find the due dates for filing Form 26Q.

Quarter	Due Date of Return Filing
Quarter 1	31st July
Quarter 2	31st October
Quarter 3	31st January
Quarter 4	31st May

[4]

What Is Form 27Q in TDS?

TDS Return Form 27Q is the quarterly statement of tax deduction from interest, dividend or other sums payable to non-residents.

Purpose

Form 27Q consists of five Annexures. Annexure I contains the details of the deductor category, while Annexure-II contains the section codes. Likewise, Annexure III states the reason behind lower, higher or no deduction. Finally, Annexure IV states the nature of remittance, and Annexure V states the country of residence.

Form 27Q needs to be submitted for every quarter of that financial year.

Sections Covered

Section	Nature of Payment
194E	Payment made to sports association or NRI sportsman
194LB	Payment made as to interest on infrastructure debt fund
194LC	Payment made as to interest by an Indian company or trust for the money borrowed in foreign currency as a loan or long term bonds.
195	Payment made to a Non-resident Indian citizen
196B	Payment made to an offshore fund
196C	Payment made to a non-resident Indian citizen in the form of Indian’s company shares or foreign currency bonds
196D	Payment made to foreign investors in the form of securities.
194LD	TDS on income by way of interest on certain bonds and Government Securities (Applicable from FY 2013-14 onwards)
194LBA	Certain Income from units of business trust (Applicable from FY 2014-15 Q3 onwards)
194LBB	Income in respect of units of the investment fund (Applicable from FY 2015-16 onwards)
192A	Payment of accumulated balance due to an employee made by the trustees of the Recognised Provident Fund (RPF). Applicable for statements of FY 2015-16 onwards & where the payment date is on or after 01/06/2015.
194LBC	Income in respect of investment in securitisation trust. Applicable for statements of FY 2016-17 onwards & where the payment date is on or after 01/06/2016.

[5]

Data Requirements

To file TDS Return Form 27Q, you need the list of credentials stated below.

Payer details -
- Name
- Address
- PAN Number
- TAN Number
- Contact Details
- Financial Year
- The Year of Assessment
- Original Statement or Receipt Number of the previously filed return of the same quarter
Payer details -
- Name
- Address
- Branch of the Collection Division
- Contact number
- PAN Number
- Telephone number
- Email ID
Challan -
- Serial number of Challan
- TDS amount
- Surcharge amount
- BSR Code
- Education Cess amount
- Interest amount
- Total Tax Deposit
- Demand draft number or cheque number (if applicable)
- Collection code
- Tax deposit date
- TDS deposition method
Deduction -
- Tax Collector’s name
- PAN Number
- Amount paid to Payee
- TDS amount

Due Date for Form 27Q

Here are the due dates to file Form 27Q.

Quarter	Due Date of Return Filing
Quarter 1	31st July
Quarter 2	31st October
Quarter 3	31st January
Quarter 4	31st May

[6]

What is Form 27EQ in TDS?

TDS Return Form 27EQ is the quarterly statement of collection of tax at source (TCS).

Purpose

Government, corporates, and tax collectors must submit Form 27EQ for every quarter of that financial year. Form 27EQ consists of three Annexures where Annexure I states the deductor category. Whereas Annexure-II contains details of the collection code, Annexure III contains remarks for lower or no collection.

Sections Covered

Section	Nature of Payment
206CA	Alcoholic liquor for human consumption
206CB	Timber obtained under a forest lease
206CC	Timber obtained under any mode except forest lease
206CD	Any other forest product except timber or tendu leaves
206CE	Scrap
206CF	Parking lot
206CG	Toll plaza
206CH	Quarrying and mining
206CI	Tendu leaves
206CJ	TCS from the sale of certain minerals
206CK	TCS on cash case of jewellery
206CL	Motor vehicle sales
206CM	Sale in cash of any goods
206CN	Providing of any services
206C1G(a)	Remittance out of India under the LRS of RBI (Budget 2020 has proposed to insert this sec.)
206C1G(b)	Overseas tour program package(Budget 2020 has proposed to insert this sec.)
206C1H	Sale of any goods (except goods on which TCS is applicable specifically)(Budget 2020 has proposed to insert this sec.)

[7]

Data Requirements

To file TDS Return Form 27EQ, you will need the following details.

Deductor details -
- TAN
- PAN
- Financial year
- Assessment year
- Previously filed a statement for that quarter
- The provisional receipt number of the original statement
Collector details -
- Name
- Branch or division if applicable
- Residential address, phone number and Email ID
Collector-in-charge details -
- Name
- Address
TCS details -
- Collection code
- TCS amount
- Surcharge amount
- Education Cess amount
- Interest amount
- Any other amount
- Total tax deposit amount
- Demand draft number or cheque number (if applicable)
- BSR code
- Tax deposit date
- Transfer voucher number/challan serial number
- Book-entry of TCS

Due Date for Form 27EQ

Listed below are the due dates for filing Form 27EQ.

Quarter	Due Date of Return Filing
April to June	15th July
July to September	15th October
October to December	15th January
January to March	15th May

[8]

How to Download Forms 24Q, 26Q, 27Q and 27EQ?

You can download all the forms in these simple steps.

Go to the TIN official portal.
Then, navigate to Downloads > e-TDS/e-TCS > Quarterly Returns > Regular.
Click on the required forms to download them.

Online Submission of TDS Returns

To file your TDS return online, you need to follow these steps strictly.

Go to the official website of TIN NSDL, and download the Return Preparation Utility file format. There, you will find the data structure in which you can prepare your e-TDS or e-TCS return.
Then, use the File validation utility (FVU) provided by NSDL to verify the files. FVU will generate an error report if there is any validation error.
Next, upload the .fvu file on the income tax website after the necessary verifications.

You can also check the status of your filed TDS returns here with your TAN and Provisional Receipt Number (PRN).

Now that you know the necessary details on TDS return forms, utilise this knowledge to handle your tax returns efficiently.

Frequently Asked Questions

✓ Can you move deduction entry in TDS return forms from quarter 1 and quarter 2?

Yes, you can. However, you have to file a revised return for quarter 1 before filing the return for quarter 2

✓ What will happen if you submit TDS return forms late?c

If you fail to file your TDS return before or on the due date, you are liable to pay ₹ 200 per day till the default continues.

TDS Return Form: Types, & Submission Process

What Are the Types of TDS Returns Forms?

What Is Form 24Q in TDS?

Purpose

Sections Covered

Data Requirements

Due Date for Form 24Q

What Is Form 26Q in TDS?

Purpose

Sections Covered

Data Requirements

Due Date for Form 26Q

What Is Form 27Q in TDS?

Purpose

Sections Covered

Data Requirements

Due Date for Form 27Q

What is Form 27EQ in TDS?

Purpose

Sections Covered

Data Requirements

Due Date for Form 27EQ

How to Download Forms 24Q, 26Q, 27Q and 27EQ?

Online Submission of TDS Returns

Frequently Asked Questions

✓ Can you move deduction entry in TDS return forms from quarter 1 and quarter 2?

✓ What will happen if you submit TDS return forms late?c

Important articles about TDS

More article about Income Tax in India

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