Different Types of TDS Return Forms & Submission Process

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.

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TDS Return Form 24Q is the quarterly statement for TDS deductions from salaries u/s192. 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).

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Data Requirements

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

• TAN (Tax deduction Account Number)
• Challan details -
  • BSR code of branch
  • Serial number
  • Date
  • Amount

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  Employee details - 

  • Employee Reference Number

  • Employee’s PAN

  • Name of the Employee

  • TDS Section Code

  • Other income details

  • Amount Paid or Credited

  • TDS Amount

  • Cess Amount

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TDS Return Form 26Q is the quarterly statement for TDS deductions from all other kinds of payments except salaries u/s200(3), 193, and 194 of the IT Act,1961.

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.

If the TDS is deducted by a non-governmental deductor, PAN of the deductor is compulsory. In case of a government deductor, ‘PAN not required’ has to be mentioned.

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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

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TDS Return Form 27Q is the quarterly statement of e-TDS from interest, dividend or other sums other than salary payable to NRIs and foreigners u/s 200(3) of the IT Act, 1961.

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.

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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

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TDS Return Form 27EQ is the quarterly statement of collection of tax at source (TCS) u/s 206C. TAN is mandatory for filing Form 27EQ.

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. In the case of a non-governmental deductor, quoting PAN is mandatory.

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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

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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.

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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.

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