TDS Return Filings
What is TDS?
TDS full form is Tax Deducted at Source. Under this mechanism, if a person (deductor) is liable to make payment to any other person (deductee) will deduct tax at source and transfer the balance to the deductee. The TDS amount deducted will be remitted to the Central Government.
What are Due Date for TDS payments?
The due date for the payment of the TDS deducted is the 7th of the next month.
What are Due Date for TDS for return filing
| Quarter | Period | The due date for Filing Form 27Q |
|---|---|---|
| Q1 | 1st April - 30th June | On or before 31st July |
| Q2 | 1st July - 30th September | On or before 31st October |
| Q3 | 1st October - 31st December | On or before 31st January |
| Q4 | 1st January - 31st March | On or before 31st May |
What are the different types of TDS Forms?
TDS forms are depending on the income of the deductee or the type of deductees paying taxes
TDS (Quarterly)
| Form | Periodicity | Particulars |
|---|---|---|
| Form 24Q | Quarterly | The quarterly statement for TDS from "Salaries" |
| Form 26Q | Quarterly | Quarterly statement of TDS in respect of all payments other than “Salaries” |
| Form 27Q | Quarterly | Quarterly statement of TDS from interest, dividend, or any other sum payments to non-residents |
| Form 27EQ | Quarterly | Quarterly statement of collection of tax at source |