Auditors And 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
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