{"id":1741,"date":"2019-12-21T11:23:07","date_gmt":"2019-12-21T11:23:07","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=1741"},"modified":"2021-04-10T11:02:22","modified_gmt":"2021-04-10T05:32:22","slug":"procedure-and-due-dates-of-filing-tds","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/","title":{"rendered":"TDS Returns Filing: Due Dates and Procedure for Filing"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The full form of TDS is Tax Deducted at Source, i.e. tax deducted by assesses like employers, contractors promoters or any other person making any payment to any other person.\u00a0<a href=\"https:\/\/corpbiz.io\/tds-return-filing\"><strong>TDS Returns Filing<\/strong><\/a>\u00a0is compulsory for everyone making any payment to its employees, freelancers, etc.\u00a0This article covers all the aspects of TDS returns filing like its procedure, its due date, forms used to file it etc.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#All_about_TDS_Returns_Filing\" >All about TDS\nReturns Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#What_is_TDS\" >What is TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#What_is_TDS_Returns\" >What is TDS\nReturns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#What_is_TDS_Return_filing\" >What is TDS\nReturn filing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Benefits_of_TDS\" >Benefits of\nTDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#What_is_the_eligibility_criterion_for_TDS_Return_filing\" >What is the\neligibility criterion for TDS Return filing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Requirements_for_Filing_TDS\" >Requirements\nfor Filing TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Due_dates_of_TDS_Return_Filing\" >Due dates of TDS Return Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Forms_used_to_file_TDS_Returns\" >Forms used to file\nTDS Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#TDS_Return_Filing_Procedure\" >TDS Return\nFiling Procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Penalty_in_case_of_late_filing_or_non-filing_of_TDS_Returns\" >Penalty in\ncase of late filing or non-filing of TDS Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"All_about_TDS_Returns_Filing\"><\/span>All about TDS\nReturns Filing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is a\ndifference between TDS, TDS Return and TDS Return filing; But most people get confused\nbetween these three. Therefore, I have come up with the perfect definition of\nthese three terms, which I hope will be able to end your confusion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_TDS\"><\/span>What is TDS?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TDS full form\nis Tax Deducted at Source, are the means of collecting Income Tax in India. TDS\nis deducted under the Income Tax Act, 1961. As per the provision of TDS, any\npayment covered is paid after deducting the amount as per the prescribed\npercentage. It is managed under the Department of Revenue controlled by the\nIndian Revenue Service which is the part of the Central Board of Direct Taxes\nor CBDT. TDS is extremely important while conducting audits.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_TDS_Returns\"><\/span>What is TDS\nReturns?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Assessee\nalso need to file quarterly returns to the CBDT namely, TDS Return.\nFurthermore, the return should contain the details of the TDS deducted and the\namount paid to the government during the quarter for which it is being filed.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-tds-return-filing-in-india\/\">All about Benefits of TDS Return Filing in India<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_TDS_Return_filing\"><\/span>What is TDS\nReturn filing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process\nof filing the returns of the Tax Deducted at Source or TDS Returns is known as\nTDS Returns Filing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_TDS\"><\/span>Benefits of\nTDS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Some of the advantages of TDS are the following;<\/em><\/strong><\/p>\n\n\n\n<ul><li>It helps in collecting taxes on a regular basis<\/li><li>Also, it ensures a flow of regular income to the government<\/li><li>It reduces the burden of lump-sum tax payment at a time. It helps in distributing the entire tax payment over a number of months which makes it easier for the taxpayer<\/li><li>And finally, it offers an easy mode of tax payment to the payer<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_eligibility_criterion_for_TDS_Return_filing\"><\/span>What is the\neligibility criterion for TDS Return filing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TDS returns\u00a0can be filed by employers or organizations that avail a valid (TAN) Tax Collection and Deduction Account Number. Furthermore, any person making specified payments mentioned under the Income Tax Act has to deduct tax at source and needs to deposit within the predetermined time for the following type of payments;<\/p>\n\n\n\n<ul><li>Payment of the Salary<\/li><li>Any income by way of \u201cIncome on Securities.\u201d<\/li><li>Income by way of winning lottery, puzzles and any others<\/li><li>Earnings from winning horse races<\/li><li>Commissions from selling Insurance<\/li><li>Any payment in respect of National Saving Scheme, etc.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_for_Filing_TDS\"><\/span>Requirements\nfor Filing TDS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The\nrequirement for filing TDS has to comply with the following<\/strong><strong> criteria:<\/strong><\/p>\n\n\n\n<ul><li>The person must possess a TAN which is registered for filing TDS online.<\/li><li>Prepare TDS statement by means of RPU (Return Preparation Utility).<\/li><li>Validation of the TDS statement using the FVU (File Validation Utility).<\/li><li>Possess a valid Digital Signature (DSC) that is registered for e-filing.<\/li><li>Provide with the Details of the Bank Account of Principal Contact.<\/li><li>Ensure the\u00a0linking of the Aadhaar card with the PAN card\u00a0for      uploading returns via EVC.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Due_dates_of_TDS_Return_Filing\"><\/span>Due dates of TDS Return Filing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The due dates for filing the TDS Return is as follows;<\/em><\/strong><\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>Sr.\n  No.<\/strong>\n  <\/td><td>\n  <strong>Quarter<\/strong>\n  <\/td><td>\n  <strong>Quarter\n  period<\/strong>\n  <\/td><td>\n  <strong>Due\n  date<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>1<\/strong>\n  <\/td><td>\n  1<sup>st<\/sup>&nbsp;\n  Quarter\n  <\/td><td>\n  1<sup>st<\/sup>&nbsp;April\n  \u2013 30<sup>th<\/sup>&nbsp;June\n  <\/td><td>\n  31<sup>st<\/sup>&nbsp;March\n  <\/td><\/tr><tr><td>\n  <strong>2<\/strong>\n  <\/td><td>\n  2<sup>nd<\/sup>&nbsp;Quarter\n  <\/td><td>\n  1<sup>st<\/sup>&nbsp;July\n  \u2013 30<sup>th<\/sup>&nbsp;September\n  <\/td><td>\n  31<sup>st<\/sup>&nbsp;March\n  <\/td><\/tr><tr><td>\n  <strong>3<\/strong>\n  <\/td><td>\n  3<sup>rd<\/sup>&nbsp;\n  Quarter\n  <\/td><td>\n  1<sup>st<\/sup>&nbsp;October\n  \u2013 31<sup>st<\/sup>&nbsp;December\n  <\/td><td>\n  31<sup>st<\/sup>&nbsp;January\n  <\/td><\/tr><tr><td>\n  <strong>4<\/strong>\n  <\/td><td>\n  4<sup>th<\/sup>&nbsp;\n  Quarter\n  <\/td><td>\n  1<sup>st<\/sup>&nbsp;January\n  \u2013 31<sup>st<\/sup>&nbsp;March\n  <\/td><td>\n  31<sup>st<\/sup>&nbsp;May\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Forms_used_to_file_TDS_Returns\"><\/span>Forms used to file\nTDS Returns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The forms used to file TDS returns are as follows;<\/em><\/strong><\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>Sr.\n  No.<\/strong>\n  <\/td><td>\n  <strong>Form\n  no.<\/strong>\n  <\/td><td>\n  <strong>Remarks<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>1<\/strong>\n  <\/td><td>\n  Form\n  24Q\n  <\/td><td>\n  TDS\n  on Salary\n  <\/td><\/tr><tr><td>\n  <strong>2<\/strong>\n  <\/td><td>\n  Form\n  27Q\n  <\/td><td>\n  TDS\n  where the deductee is a non-resident or foreign company\n  <\/td><\/tr><tr><td>\n  <strong>3<\/strong>\n  <\/td><td>\n  Form\n  26QB\n  <\/td><td>\n  TDS\n  on payment for the transfer of immovable property\n  <\/td><\/tr><tr><td>\n  <strong>4<\/strong>\n  <\/td><td>\n  Form\n  26Q\n  <\/td><td>\n  TDS\n  in any other case\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Return_Filing_Procedure\"><\/span>TDS Return\nFiling Procedure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The process involved in the filing of TDS Return is as follows;<\/em><\/strong><\/p>\n\n\n\n<ul><li>You need to fill all columns of Form 27A which contains a control chart. Then, this form is verified in hard copy form with the TDS return filed electronically.<\/li><li>Furthermore, you need to fill three details of the total amount paid carefully and the tax deducted at source in all the forms, including Form No. 24, Form No. 26, Form No. 27 and Form No. 27A.<\/li><li>The assessees need to mention their (TAN) Tax Deduction Account Number in Form No. 27A. Moreover, this is similar to what is done in case of e-TDS return. It is dictated under \u2018sub-section (2) of section 203A of the\u00a0<strong>Income Tax Act in India<\/strong><sup><a href=\"https:\/\/www.incometaxindia.gov.in\/pages\/acts\/income-tax-act.aspx\">[1<\/a><\/sup><a rel=\"noreferrer noopener\" href=\"https:\/\/www.incometaxindia.gov.in\/pages\/acts\/income-tax-act.aspx\" target=\"_blank\"><sup>]<\/sup>.<\/a><\/li><li>Also, at the time of filing the TDS return, make sure that the details relating to the depositing of tax deducted at source (TDS) have been mentioned accurately.<\/li><li>Moreover, the basic form that has been used for e-TDS return recommended by the department is compulsory to follow. This is because it brings consistency and a better understanding of filling the forms. Additionally, it is necessary to mention the Bank Branch Code or the BSR code. It is a 7-digit code given to banks by the Reserve Bank of India (RBI).<\/li><li>Furthermore, E-TDS return has to be filed in the ASCII clean text format. To avail this format, you can use the software of your choices such as MS Excel, Computex or Tally. Additionally, you have an option of using the software available at NSDL website known as (e-TDS RPU Light) Return Prepare Utility for filing the return online. Furthermore, it is compulsory to make sure that the online TDS file formats come with \u2018txt\u2019 as the filename extension.<\/li><li>Also, the physical returns are submitted at any TIN-FC\u2019s managed by NSDL. Furthermore, TIN-FC\u2019s are found in particular areas across the country.<\/li><li>In case if the returns are filed online, then they can be submitted directly at the NSDL TIN website. In such a case, the deductor needs to sign the return through digital signature.<\/li><li>Finally, while submitting the return, if all the details mentioned are accurate, then a provisional receipt or token number will be issued. This provisional receipt or token number is considered as an acknowledgement, stating the fact that the return has been filed. However, in case, the return is not accepted, then a non-acceptance memo will be issued along with the reasons for rejections.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Penalty_in_case_of_late_filing_or_non-filing_of_TDS_Returns\"><\/span>Penalty in\ncase of late filing or non-filing of TDS Returns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is\nmandatory to file TDS Returns quarterly, failing to do so may attract legal\npenalties. The punishment is different in case of a delay in filing, and in\ncase there is a case of not- filing.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Penalty for\ndelay in filing TDS Return<\/h3>\n\n\n\n<p>According to\nSection 234E of the Income Tax Act, 1961, if an assessee fails to file his\/ her\nTDS Return before or within the due date, a penalty of Rs. Two hundred per day\nwill be paid by the assessee for the time the default continues. However, the\ntotal penalty must not be more than the TDS amount.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Punishment for\nNon-filing of TDS Return<\/h3>\n\n\n\n<p>In case if an\nassessee has not filed the TDS return within one year from the due date of\nfiling return. Additionally, in case if a person has provided incorrect\ninformation, he\/she shall also be liable for a penalty. The penalty levied must\nnot be less than Rs 10,000 but should not be more than Rs 1,00,000 under\nsection 271 H<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Deducting TDS\nis the method for collecting revenues by the government. They collect the\nrevenue by deducting from various sectors and individuals so that they can run\nthe government smoothly and work for the betterment of the country. Also,\ndeducting TDS helps reduce the burden of paying taxes in a lump- sum amount\nbecause everyone or every entity cannot afford to file such a big amount at\nonce<\/p>\n\n\n\n<p><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/form-26q-tds-return-filing-deductions-procedure\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form 26Q: TDS Return filing for Non-Salary Deductions \u2013 Know the Online Procedure<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The full form of TDS is Tax Deducted at Source, i.e. tax deducted by assesses like employers, contractors promoters or any other person making any payment to any other person.\u00a0TDS Returns Filing\u00a0is compulsory for everyone making any payment to its employees, freelancers, etc.\u00a0This article covers all the aspects of TDS returns filing like its procedure, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":1745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[237],"tags":[244],"acf":{"service_id":"90"},"authorName":"Shailza Sharma","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/10\/IMG-20190927-WA0001-150x150-22.jpg","authorDescription":"Miss Shailza Sharma, BA. LLB graduate from Himachal Pradesh University. She holds an experience of 2.5 years in various Legal companies and organizations.","postViews":8389,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1741"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=1741"}],"version-history":[{"count":18,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1741\/revisions"}],"predecessor-version":[{"id":28775,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1741\/revisions\/28775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/1745"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=1741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=1741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=1741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}