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Tax Deducted at Source :    
     
 
Tax Deducted at Source/Tax Collected at Source is introduced by Government for prevent tax evasion and ensures regular inflow of cash resources. The concept of Tax Deducted at Source / Tax collected at Source requires that the person, on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The recipient from whose income tax has been deducted at source gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.
Who shall liable to file TDS/TCS return?
 
The obligation to file quarterly TDS Return arises only if tax has been deducted at source. The deducted sum is required to be deposited to the Central Government.
Due Date of Filing TDS/TCS Return
 
Forms for filing TDS/TCS returns are:-
 

S. No.

Section

Particulars

Form

1.

200(3)

Quarterly TDS return in respect of salary

24Q

2.

200(3)

Quarterly TDS return in respect of payments othan Salary

26Q

3.

200(3)

Quarterly TDS return in respect of payments other than Salary made to non-residentss

27Q

4

206C

Quarterly statement of Tax Collection at Source (TCS)

27EQ

The Due dates for filing TDS/TCS returns are:-
 

Quarter

 Form 24Q

Form 26Q

Form No. 27Q

Form No. 27EQ

April to June

15th July

15th July

15th July

15th July

July to September

15thOctober

15thOctober

15thOctober

15thOctober

October to December

15thJanuary

15thJanuary

15thJanuary

15thJanuary

January to March

15th May

15th May

15th May

15th May