TDS Return Forms

Deductor has the liability to make tax deduction and file the TDS return form as the supporting document. There are various TDS Return forms are available for different situations. Based on the nature of the income of deductee or type of deductee, TDS return form selection is made.

Detail study of various types of TDS return forms

Form 24Q

• It is used in the preparation of e-TDS returns regarding the TDS deduction takes place on salary under Section 192 of the Income Tax Act, 1961.
• Submission needs to be made quarterly by the deductor.
• Needs to provide details like salary paid and TDS amount deducted of the employee by an employer.
• Form 24Q contains 2 annexures namely Annexure-I and Annexure-II. 
• Annexure-I includes details of the deductee, deductor, and challans.
• Annexure-II contains the salary details of the deductee.
• Annexure I – Submitted by the deductor for all four quarters of the financial year.
• Annexure-II: There is no need to do submit annexure in the first three quarters of the Financial year, it is to be submitted in the 4th quarter of the financial year with the details of the employees’ salaries of the entire financial year.

Form 26Q

• This form is to be submitted for tax deduction at source for payments received which are other than salary.
• This form submission is done every quarter by the deductor and applies on the tax deducted at source under Section 200(3), 193 and 194 of the Income Tax Act, 1961.
• Income which is part of Tax deducted at source includes interest on dividend, securities, professional fees, remuneration, director, etc.
• It is a mandate to give PAN details by the deductor who are non-government deductors.  For government deductor, it is must to mention in the form ‘PANNOTREQD’

Form 27Q

• It is applicable in case when payments made to Non- Resident Indians and Foreigners other than salary.
• It is required to be filled at the time of declaration made of Tax Deducted at Source for NRIs and Foreigners.
• Submission is made every quarter by the deductor and is applicable on tax deducted at source under Section 200(3) of the Income Tax Act, 1961.
• Income which is part of Tax deducted at source includes interest bonus, any additional income or any other sum owed to non- resident Indian or foreigner.
• It is a mandate to give PAN details by the deductor who are non-government deductors.  For government deductor, it is must to mention in the form ‘PANNOTREQD’

FORM 27EQ

• It comes in the form of a quarterly statement that furnishes the details and information of tax collected at source according to Section 206C of the Income Tax Act, 1961.
• Form submission is done every quarter. In this form, it is mandated to furnish TAN.
• It works in the form of a statement which shows the Tax collected at Source (TCS), which is the Tax collected by the seller. When a buyer makes a purchase of certain goods or commodities, the seller collects the tax from the buyer through the TCS route. This tax is collected on the payment received from the buyer either in the form of cheque, demand draft, or cash or from any other mode of payment.
•  This information furnishes by the corporate deductors and collectors but not by Government deductors and collectors. It is a must to furnish PAN by the deductors who are non-government deductors. For government deductors, the code “PANNOTREQD” must o be mentioned on the form.

Process to download TDS Return forms 

Steps are as follows:

Step 1

Visit the official website of NSDL at https://www.tin-nsdl.com/

Step 2

Click the “Downloads” tab and choose E-TDS/E-TCS from the drop-down list menu

Step 3

 Click “Quarterly Returns” and then choose “Regular”

Step 4

You will be redirected to the new page

Step 5

Choose the TDS Return Form as per the requirement mentioned under section “Form"