TDS return Filings is compulsorily required each quarter by all people and elements who have deducted assess at source.
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What is TDS Return ?
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
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Every person responsible to deduct tax is required to file TDS return.
Who is required to file e-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.
What is the fee charged for filing e-TDS/TCS returns with TIN facilitation centers?
Fee charged by TIN facilitation centers is given as follows
No. of deductee records in e-TDS/TCS return.
(exclusive of service tax)
(inclusive of service tax)
Returns having up to 100 records
Form No. 26Q
Form No. 27Q
What is the due date to file TDS return?
The due dates for filing quarterly TDS returns, both electronic and paper are as under
Due Date for Government Deductors
Due Date for Other deductor
April to June
July to September
October to December
January to March
Is PAN mandatory for deductors and deductees?
PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees.
What are the forms to be used for filing quarterly TDS/TCS returns?
Following are the forms for TDS/TCS returns and their periodicity
Form No. 24Q
Quarterly statement for tax deducted at source from ‘Salaries’
Form No. 26Q
Quarterly statement of tax deducted at source in respect of all payments other than ‘Salaries’
Form No. 27Q
Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents
Form No. 27EQ
Quarterly statement of collection of tax at source
What are the consequences of late filing of TDS return?
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.
What are the types of corrections that can be made while filing a revised TDS/TCS return?
The following are the various types of corrections that you can make to an accepted regular TDS/TCS statement
Update deductor details such as Name, Address of Deductor. This type of correction is known as C1.
Update challan details such as challan serial no., BSR code, challan tender date, challan amounts etc. This type of correction is known as C2.
Update/delete /add deductee details. This type of correction is known as C3.
Add / delete salary detail records. This type of correction is known as C4.
Update PAN of the deductee or employee in deductee/salary details. This type of correction is known as C5.
Add a new challan and underlying deductees. This type of correction is known as C9.