TDS, TDS returns, TDS forms, TDS filing, e-tds, tds return filing online

TDS, TDS returns, TDS forms, TDS filing, e-tds, tds return filing online

What is TDS?
TDS is short form (abbreviation) of Tax Deduction at Source. When making payment for salary, service etc company and government deduct TDS (banker too deduct for TDS on Interest for Deposit subject to certain condition)

Like Income Tax return, Is TDS return also to be submitted?
Yes, TDS returns need to be submitted periodically.

What is TDS return?
A statement of deduction under the heading TDS to be given to government (like Sales tax returns) by the companies.

What is e-TDS?
When TDS return filed through website (submitting form no.24,26 and 27 as per prescribed format in CD ROM is called e-tds return.

Who is required to file e-TDS?
As per Section 206 of Income Tax Act, all corporate and government deductors are compulsorily required to file their TDS return on electronic media (i.e. e-TDS returns). However, for other Deductors, filing of e-TDS return is optional

What are the forms used in filing e-TDS?


Form No Particulars Periodicity
Form 24 Annual return of "Salaries" under Section 206 of Income Tax Act, 1961 Annual
Form 26 Annual return of deduction of tax under section 206 of Income Tax Act, 1961
in respect of all payments other than "Salaries"
Annual
Form 27 Statement of deduction of tax from interest, dividend or any other sum
payable to certain persons
Quarterly
Form 27E Annual return of collection of tax under section 206C of Income Tax Act,
1961
Annual
Form 24Q Quarterly statement for tax deducted at source from "Salaries" Quarterly
Form 26Q Quarterly statement of tax deducted at source in respect of all payments
other than "Salaries"
Quarterly
Form 27Q Quarterly statement of deduction of tax from interest, dividend or any other
sum payable to non-residents
Quarterly
Form 27EQ Quarterly statement of collection of tax at source  

Where the e-TDS to be filed?
e-TDS returns can be filed at any of the TIN-FC opened by the e-TDS Intermediary for this purpose. Addresses of these TIN-FCs are available at the website on www.incometaxindia.gov.in or at www.tin-nsdl.com.

What are the last date for filing TDS returns?

TDS returns (both online and offline) need to be filed on quarterly basis.
TDS Q1: For the 1st quarter (Apr-Jun), the TDS to be filed before 15th July (Due date for Form 27Q is 14th July)

TDS Q2: For the 2nd quarter (Jul-Sep), the TDS to be filed before 15th Oct (Due date for Form 27Q is 14th October)

TDS Q3: For the 3rd quarter (Oct-Dec), the TDS to be filed before 15th Jan (Due date for Form 27Q is 14th January)

TDS Q4: For the 4th quarter (Jan-Mar), the TDS to be filed before 15th April (Due date for Form 27Q is 14th April)

Whether PAN number is mandatory for filing TDS ? or Can we submit TDS without PAN number?
It is essential to give PAN number of deductees. If PAN number not provided, then the tax credit cannot be passed on to the deductee (employee or service provider)

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