Company Secretary In Tambaram

TDS Return Filing And TDS Due Date

However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc. Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly

Due Date For TDS Filing

QuarterPeriodThe due date for Filing Form 27Q
Q11st April – 30th JuneOn or before 31st July
Q21st July – 30th SeptemberOn or before 31st October
Q31st October – 31st DecemberOn or before 31st January
Q41st January – 31st MarchOn or before 31st May

Failure To Furnish PAN

In case of non-furnishing of PAN or furnishing of incorrect PAN would result in the deductor incurring higher TDS at 20% rate and levy of penalty of ten thousand rupees.

TDS Certificate

On deducting TDS, the deductor would furnish to the deductee a TDS certificate. The deductee can cross check the tax credit by viewing Valid TDS certificate is the TDS certificate downloaded from TRACES .

S.No.FormPeriodicityParticulars
1Form 24QQuarterlyQuarterly statement for TDS from “Salaries”
2Form 26QQuarterlyQuarterly statement of TDS in respect of all payments other than “Salaries”
3Form 27QQuarterlyQuarterly statement of TDS from interest, dividend or any other sum payments to non-residents
4Form 27EQQuarterlyQuarterly statement of collection of tax at source

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