Secretaries In Selaiyur
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.
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. | Form | Periodicity | Particulars |
| 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 |