TDS Return Filing

What is TDS?

TDS stands for Tax Deducted at Source. TDS is a source of collecting tax by Government of India at the time when a transaction takes place. Here, the TDS is required to be deducted at a specified rate (TDS Rate Chart), at the time money is credited to the payee’s account or at the time of payment, whichever is earlier.

TDS to be deducted at a specified rate. Different Rate of TDS applicable for different nature of payment.

What is TDS Return?

Apart from depositing the tax, the deductor or payer should also file a TDS return.

TDS Return is quarterly statement required to be filed quarterly in Form 24Q, 26Q, 27Q, 27EQ. It is compulsory for deductors or payer to submit a return on time to the Income Tax department. The following details required to file quarterly returns /statement are:

PAN of the deductor and the deductee
Amount of tax paid to the government
TDS challan information
Others, if any

Forms of TDS Return

Types of TDS Statement

There are various types of TDS Return Forms for different nature of payment. List of forms for Statement of TDS are as follows :-

TDS Statement Forms	Particulars
Form 24Q	Statement for TDS on Salaries
Form 26Q	Statement for TDS on payments other than Salaries
Form 27Q	Statement for Tax Deduction on Income received from interest, dividends, or any other sum payable to non residents.
Form 27EQ	Statement for TCS (Collection of Tax at Source).

Due Dates for E-Filing Of TDS Return

Due dates of submission of quarterly TDS Statement are as follows:

Quarter	Period	Due Date
For Quarter 1	(1^st April to 30^th June)	31st July
For Quarter 2	(1^st July to 30^th Sep)	31st October
For Quarter 3	(1^st October to 30^th December)	31st January
For Quarter 4	(1^st January to 31^st March)	31st May

TDS Return e-filing Due Date for Financial Year 2019-2020

Quarter	Months	Last Date of Filing
1^st Quarter	April to June	31st July 2019
2^nd Quarter	July to September	31st October 2019
3^rd Quarter	October to December	31^st January 2020
4^thQuarter	January to March	31^st May 2020

TDS Rate Chart for the FY 2018-19 & FY 2019-2020

TDS Payment Due Dates for the FY 2019-2020

TDS Return Due Dates for FY 2019-2020

Online TDS Return Filing in India