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TAN of the deductor
PAN of the deductor
Last TDS filing details, if applicable
Incorporation date of business
Details of payment made for specified expenses on which TDS is deducted including name of payee, PAN of payee, Address of payee, Amount paid, TDS deducted
Copies of TDS challans
Specified payments which require deduction of Tax at source are as follows:-
The deductor shall obtain a valid TAN (Tax Deduction and Collection Account Number) before making a deduction of tax. The deductor shall then furnish a TDS return on quarterly basis electronically on TRACES portal on or before the due date. If the deductor fails to file TDS returns timely, the deductor will be liable to pay late fees and penalty. Following is the category of persons who are required to obtain a TAN and furnish TDS return every quarter:-
TDS Return Filing Forms
|
Prescribed Form |
Purpose of the Form |
|
Form- 24Q |
Quarterly statement of tax deducted at source from “Salaries”
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Form-26Q |
Quarterly statement of tax deducted at source from payments other than salaries
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Form-26QB |
Challan cum statement of deduction of tax u/s 194IA i.e. TDS deducted on consideration towards sale of immovable property exceeding Rs. 50 lakhs
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Form-26QC |
Challan cum statement of deduction of tax u/s 194IB i.e. TDS to be deducted by Individual or HUF on payment of rent in excess of Rs. 50,000
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Form-27Q |
Quarterly statement of deduction of tax in respect of payments other than salary to non residents
|
|
Form-27EQ |
Quarterly statement of collection of tax at source under section 206C of the Income Tax Act |
Due Date of Filing TDS Return
|
Prescribed Form |
Due date of filing |
|
Form- 24Q, 26Q, 27Q |
Quarter-I: 31st July Quarter-II: 31st October Quarter-III: 31st January Quarter-IV: 31st May
|
|
Form-26QB |
Within 30 days from the end of the month in which Tax has been deducted at source
|
|
Form-26QC |
Within 30 days from the end of the month in which Tax has been deducted at source
|
|
Form-27EQ |
Quarter-I: 15th July Quarter-II: 15th October Quarter-III: 15th January Quarter-IV: 15th May |
TAN of the deductor
PAN of the deductor
Last TDS filing details, if applicable
Incorporation date of business
Details of payment made for specified expenses on which TDS is deducted including name of payee, PAN of payee, Address of payee, Amount paid, TDS deducted
Copies of TDS challans
TAN is abbreviated as Tax Deduction and Collection Number. It is an alphanumeric ten-digit number for filing the TDS Return. A person needs to make an application within a month of deducting TDS for allotment of Tax Deduction and collection number in FORM 49B
Following are the duties of the person deducting tax at source:
As per Section-203 of the Income Tax Act, 1961, the deductor of TDS shall issue a form to the deductee which is called as “TDS Certificate”. TDS certificates shall be issued either in Form-16 or Form-16A. It shows the details of payment made to deductee, Date of deduction, Amount of TDS deducted and the date of its credit to the Central Government. The deductee shall be able to claim the credit and refund of TDS on the basis of TDS certificates. TDS certificates can be downloaded from TRACES (TDS Reconciliation Analysis and Correction Enabling System) of the Income Tax Department
Yes, TDS return can be revised for any number of times to make necessary corrections in the original TDS return filed by the deductor
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