TDS Return filing new changes from 2025 tds return free course 2025 26Q 24Q 27Q 27EQ from 16 16A
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How to File TDS Return, Download CSI & upload online | How to file 26Q, 24Q, 27Q, 27EQ
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TDS Return Filing Form 26Q on New Version of RPU Utility | Updated Method of TDS Return Filing
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📍What is Form 26Q - At the time of paying to the payee, the payer has to deduct TDS on certain occasions. This payment is other than payment of salary, and the payer has to file TDS return in Form 26Q. 26Q is to be submitted on a quarterly basis. Total amount paid during the quarter and TDS amount deducted on such payments have to be reported in 26Q.
📍Sections covered in 26Q
193 – Interest on securities
194 – Dividend
194A – Interest other than Interest on Securities
194B – Winnings from lotteries and crossword puzzles
194BB – Winnings from horse race
194C – Payment of contractor and subcontractor
194D – Insurance commission
194DA – Maturity of life insurance policy
194EE – Payment in respect of deposit under national savings scheme
194F – Payments on account of repurchase of Units by Mutual Funds or UTI 94F
194G – Commission, prize etc., on sale of lottery tickets
194H – Commission or Brokerage
194I(a) – Rent
194I(b) – Rent
194J – Fees for Professional or Technical Services
194K – Income in respect of units
194LA – Payment of Compensation on acquisition of certain immovable property
194LBA – Certain income from units of a business trust
194LBB – Income in respect of units of investment fund
194LBC – Income in respect of investment in securitization trust
194N – Payment of certain amounts in cash
194O – Payment of certain sums by e-commerce operator to e-commerce participant
197A – Details of payment where there is no deduction of tax in certain cases
📍As against 24Q which contains 2 annexures, Form 26Q contains only one annexure. Challan details (BSR code, date of payment, total amount etc.), details of deductor and deductees are to be mentioned. Along with this, if the deductor hasn’t either deducted TDS or deducted it at a lower rate, reasons are also to be mentioned in the form.
📍Due Date of Filing Form 26Q
1st Quarter - 31st July
2nd Quarter - 31st Oct
3rd Quarter - 31stJan
4th Quarter - 31st May
Above due dates are subjected to extension as Notified by CBDT.
📍Rate of Interest-
If TDS is not deducted – 1% per month, from due date of deduction to actual date of deduction,
If TDS is not deposited – 1.5% per month, from actual date of deduction to actual date of payment. The interest is 0.75% in the case of due dates falling between 20 March 2020 and 29 June 2020. If the sum remains unpaid after 30 June, the normal interest of 1.5% is chargeable.
📍Penalties for late filing of 26Q
Late Filing Fees – under section 234E, a fine of Rs. 200 per day is to be paid until the return is filed. This amount has to be paid for each day until total fine becomes equal to the TDS amount.
The penalty under 271H – In addition to fees to be paid under 234E, AO may charge the penalty of minimum Rs. 10,000 and maximum Rs. 1,00,000.
No penalty will be charged under 271H if – TDS is deposited to the government Late filing fees and interest (if any) is also deposited,
Return is filed before expiry of 1 year from due date.
📍Remember these points
Verify all the PAN numbers,
Verify the challans, and try to match them through OLTAS or NSDL
Signed Form-27A is to be filed with the TDS return