TDS

Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at Source -TDS) from these payments

TCS Returns

TCS Returns

  • Overview
  • Points to remember
  • Process

TCS Returns – Form 27EQ

Every person having a TAN and collecting tax at source needs to file Form 27EQ Quarterly.

Frequently Asked Questions

A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed quarterly. Different types of TDS deductions have to be filed using different TDS return forms.

TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. However, as advised by Income Tax Department, acceptance of e-TDS/TCS statements pertaining to Financial Years prior to 2007-08 has been discontinued at the TIN. The forms used for quarterly e-TDS statements Forms are 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of both, e-TDS/TCS statements.

1. Services Covered

  1. Registration on TRACES
  2. Form 27EQ upto 10 deductees (1 no.)
  3. Challan Verification
  4. Online FVU Generation and Submission
  5. Generation of Form 27D

 

2. Who Should Buy

Anyone having a TAN number

 

3. Documents To Be Submitted

The documents needed shall depend on the service you need at a particular point of time. The same shall be communicated to you by our experts based on your requirements.

 

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TCS Returns Registration

₹1,499.00

Never let the businessman see down by giving your business a shining name with TCS Returns registration. It is extremely easy to start and run!

Benefits of filing Income TAX Returns ?

  • Avoid a maximum penalty of Rs 10,000, if your total income exceeds Rs 5 lakh.

  • Taxpayers are often served notices from the IT department for delayed & missed return submissions.

  • Most embassies and consulates require you to submit IT returns for the last 3 years.

  • You can carry forward losses against house property and depreciation.

  • Your Tax Return documents are proof of your financial investments and will be useful when you apply for a loan

  • You can claim tax refund; the earlier you file the sooner you will get the refund.