TDS Return Due Dates & forms

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TDS full form is Tax Deducted at Source, is a system where a person (deductor) liable to make payments to another person (deductee) deducts tax at source and transfers the balance to the deductee. The deducted TDS amount is then sent to the central government. TDS is deducted at a particular rate when making payments such as salary, commission, rent, Purchase, interest, or professional fees. It is required the TDS deducted must be deposited till 7th of next month and for the month of March this date is 30 April.

Due Date to File TDS Returns

Due dates of filing Quarterly TDS Statements(24Q, 26Q, 27Q) from F.Y 2016-17 onwards for Government & Non Government Deductors:

Quarter	Quarter Period	Due Date
1st Quarter	April – June	31st July
2nd Quarter	July – September	31st Oct
3rd Quarter	October – December	31st Jan
4th Quarter	January – March	31st May

TDS Returns

Form Name	Description
Form 24Q	For TDS on salaries and wages
Form 26Q	For TDS on payments other than salaries
Form 27Q	For TDS on payments made to non-residents
Form 27EQ	For TDS on payments made by non-resident Indians and foreign companies
Form 24G	Statement of TDS to be furnished by the Government office
Form 27Q-A	Quarterly return of deduction of tax under section 200(3) of the Income-tax Act in respect of payments made to non-residents
Form 26Q-A	Quarterly return of deduction of tax under section 200(3) of the Income-tax Act in respect of payments other than salaries

Other TDS Returns:

Form Name	Description
Form 26QC	Quarterly statement-cum-challan of tax deducted at source under section 194IB (Payment of rent by certain individuals or Hindu undivided family)
Form 26QD	Certificate of tax deducted at source under section 194M (Payment of certain sums by certain individuals or Hindu undivided family
Form 26QB	Challan-cum-statement of deduction of tax under section 194-IA for purchase of immovable property (Payment on transfer of certain immovable property other than agricultural land)
Form 26Q	Quarterly statement of deduction of tax under section 200(3) of the Income-tax Act in respect of payments other than salaries

Various TDS Forms

Form Name	Particulars
Form 16	Certificate under section 203 of the Income-tax Act, 1961 for TDS on salaries
Form 16A	Certificate under section 203 of the Income-tax Act, 1961 for TDS on incomes other than salaries
Form 16B	Certificate of deduction of tax at source under section 203 of the Income-tax Act, 1961 on sale of immovable property
Form 16C	Certificate of TDS under section 194-IB on rent paid by an individual or HUF not liable to tax audit
Form 16D	Certificate of TDS under section 194M on payment of commission or brokerage
Form 16E	Certificate of TDS under section 194-IA on sale of immovable property
Form 27D	Certificate of Tax Collected at Source under section 206C

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Consequences of TDS – Late Deduction, Late filing and Late Payment:

Type of Late Deduction	Description	Calculation Formula
Late Deduction	Tax deducted later than the date it was deductible. Late Deduction interest is charged.	Interest = (Amount Paid/Credited * Period of Delay * 1%)
Late Filing	Failure to file TDS/TCS statement by the due date. Late filing fee of INR 200 per day applies.	Late filing fees = INR 200 per day (not exceeding the TDS/TCS amount)
Late Payment	TDS deposited after the due date. Interest is charged on the late payment.	Interest = (TDS deposited amount * Period of Delay * 1.5%)