TDS returns are required to be filed after deducting tax from eligible payments and depositing it to government’s account. TDS return has to be filed quarterly based on the type of tax deduction. In this article, we will be discussing TDS return filing forms and due dates for filing quarterly TDS statements.
Different TDS return forms are prescribed based on type of tax deduction. Here are the TDS return forms that are used for filing quarterly TDS returns;
|Form No||Cases where these TDS return forms are required|
|Form 24Q||When tax deducted from salary|
|Form 26Q||Except salary in all other cases where tax has been deducted from payments|
|Form 27Q||When tax deducted from interest, dividend or any other sum payable to non-resident|
|Form 27EQ||In case of collection of tax at source|
These TDS forms are required to be filled by using RPU software which can be downloaded from NSDL portal for free. After you fill up the form, this RPU software will allow you to create fvu file and form 27A.
Form 27A is a verification form which need to be signed by the authorized person who is filing the TDS return on company’s behalf and the fvu file along with other files that are created from return preparation utility or RPU software are to be uploaded at any TIN FC center.
Following persons are required to file TDS returns electronically;
- Government deductor or collector
- Deductor who is required to get his or her accounts audited under section 44AB
- Where number of deductees in a quarterly statement for one quarter of the immediately preceding financial year is equal or more than 20.
Others can either file TDS forms electronically or physically. We suggest you to do it electronically as this is the easiest and simple way to file your TDS returns.
Due dates of filing TDS returns
Here are the quarterly due dates for filing TDS return;
|Quarter||Form 24Q, 26Q, 27Q and 27EQ|
|April to June||On or before 15th July|
|July to September||On or before 15th October|
|October to December||On or before 15th January|
|January to March||On or before 15th May|