In India, TDS (Tax Deducted at Source) filings involve submitting various forms to report tax deducted at source.
– Form 24Q:
– Purpose: Reporting TDS on salary
– Details: Includes tax deducted from salaries
– Frequency: Quarterly
– Due Date: Typically, July 31st, October 31st, January 31st, and May 31st for each quarter
– Form 26Q:
– Purpose: Reporting TDS on payments other than salary
– Details: Covers tax deducted on payments like interest, rent, commission, etc.
– Frequency: Quarterly
– Due Date: Same as Form 24Q
– Form 27Q:
– Purpose: Reporting TDS on payments made to non-residents (excluding salary)
– Details: Includes tax deducted on payments like interest, dividends, etc., made to non-residents
– Frequency: Quarterly
– Due Date: Same as Form 26Q
– Form 27EQ:
– Purpose: Reporting TCS (Tax Collected at Source)
– Details: Involves reporting tax collected on specified transactions like sale of certain goods
– Frequency: Quarterly
