Taxation Services

​TDS Return

 

Tax Deducted at Source (TDS) is a mechanism by which the Government of India ensures that tax is deducted at the source of income generation. TDS returns need to be filed by entities deducting TDS to report the details of TDS deducted and deposited with the Income Tax Department. Here are the commonly filed TDS returns along with their details and due dates:

​

1. Form 24Q:

•   Quarterly statement for deduction of tax in respect of salaries.

•   Filed by employers who deduct TDS from salaries.

•   Due dates for filing Form 24Q are as follows:

•   For Quarter 1 (April to June): July 31st

•   For Quarter 2 (July to September): October 31st

•   For Quarter 3 (October to December): January 31st

•   For Quarter 4 (January to March): May 31st

​

2. Form 26Q:

•   Quarterly statement for deduction of tax other than salaries.

•   Filed by entities other than individuals and HUFs who deduct TDS.

•   Includes details of TDS deducted on payments like rent, interest, dividends, commission, etc.

•   Due dates for filing Form 26Q are the same as Form 24Q:

•   For Quarter 1 (April to June): July 31st

•   For Quarter 2 (July to September): October 31st

•   For Quarter 3 (October to December): January 31st

•   For Quarter 4 (January to March): May 31st

​

3. Form 27Q:

•   Quarterly statement for deduction of tax from income other than salaries paid to non- residents.

•   Filed by entities who are required to deduct TDS on payments made to non-residents.

•   Includes details of TDS deducted on payments like rent, interest, dividends, commission, etc., made to non-residents.

•   Due dates for filing Form 27Q are the same as Form 24Q:

•   For Quarter 1 (April to June): July 31st

•   For Quarter 2 (July to September): October 31st

•   For Quarter 3 (October to December): January 31st

•   For Quarter 4 (January to March): May 31st

​

4. Form 27EQ:

•   Quarterly statement of tax collected at source (TCS).

•   Filed by sellers who collect TCS on specified transactions like sale of alcoholic liquor for

  human consumption, scrap, etc.

•   Due dates for filing Form 27EQ are the same as Form 24Q:

•   For Quarter 1 (April to June): July 31st

•   For Quarter 2 (July to September): October 31st

•   For Quarter 3 (October to December): January 31st

•   For Quarter 4 (January to March): May 31st