REGULAR ETDS FILLINGS- 24Q, 26Q, 27Q & 27EQ

In the context of Indian taxation, TDS (Tax Deducted at Source) filings involve the submission of various forms to report tax deducted at source.

  1. Form 24Q:
    • Purpose: For TDS on Salary.
    • Details: It includes details of tax deducted at source from salaries.
    • Frequency: Filed quarterly.
    • Due Date: Typically, the due dates are July 31st, October 31st, January 31st, and May 31st for the respective quarters.
  2. Form 26Q:
    • Purpose: For TDS on payments other than Salary.
    • Details: It covers tax deducted on payments such as interest, rent, commission, etc.
    • Frequency: Filed quarterly.
    • Due Date: Similar to Form 24Q, the due dates are July 31st, October 31st, January 31st, and May 31st for the respective quarters.
  3. Form 27Q:
    • Purpose: For TDS on payments made to non-residents (excluding salary).
    • Details: It includes tax deducted on payments like interest, dividends, etc., made to non-residents.
    • Frequency: Filed quarterly.
    • Due Date: Similar to Form 26Q, the due dates are July 31st, October 31st, January 31st, and May 31st for the respective quarters.
  4. Form 27EQ:
    • Purpose: For TCS (Tax Collected at Source).
    • Details: It involves reporting tax collected on specified transactions such as sale of certain goods.
    • Frequency: Filed quarterly.