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