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
|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|
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.
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 .
|1||Form 24Q||Quarterly||Quarterly statement for TDS from “Salaries”|
|2||Form 26Q||Quarterly||Quarterly statement of TDS in respect of all payments other than “Salaries”|
|3||Form 27Q||Quarterly||Quarterly statement of TDS from interest, dividend or any other sum payments to non-residents|
|4||Form 27EQ||Quarterly||Quarterly statement of collection of tax at source|