Filing TDS Returns - Quarterly

Tax deducted at the source on certain types of payments, the assessee who has deducted the taxes at source should file the returns quarterly by producing TDS/TCS statements along with details such as TAN, PAN, deduction amount, payment type etc.

For filing quarterly return statements, the assessee should also provide Form 27A. This form deals with summary of the returns filed which contains tabulations for the amount paid during various transactions and breakup of the IT deducted. The calculations provided in Form 27A also should tally with the TDS/TCS statement.

• Deductors/Collectors from government offices
• Deductors/Collectors from private companies or corporates
• If the Deductor/Collector is a person, whose accounts should be audited u/s 44AB in the last financial year.
• If the number of deductees recorded in the statement during a specific quarter are 20 or more.

	Govt. Deductors	Other Deductors
Quarter 1	31st July	15th July
Quarter 2	31st October	15st October
Quarter 3	31st January	15st January
Quarter 4	15th May	15th May

A person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.

TDS/TCS return cannot be filed without payment of late filing fees. The late filing fees shall be deposited before filing the TDS return.