| Quarter | Due Date | Due Date for 27 Q |
| April to June | July 15 | 14 July |
| July to September | October 15 | 14 October |
| October to December | January 15 | 14 January |
| January to March | June 15 | 14 June |
Posts Tagged ‘TDS’
Due dates for filing quarterly TDS Returns
July 5th, 2009Forms used for filling annual/quarterly TDS/TCS returns
June 26th, 2009- Form No. 24 – Annual return of ‘Salaries’ under Section 206 of Income Tax Act, 1961
- Form No. 26 – Annual return of deduction of tax under section 206 of Income Tax Act, 1961 in respect of all payments other than ‘Salaries’
- Form No. 27 – Statement of deduction of tax from interest, dividend or any other sum payable to certain persons
- Form No. 27E – Annual return of collection of tax under section 206C of Income Tax Act, 1961
- Form No. 24Q – Quarterly statement for tax deducted at source from ‘Salaries’
- Form No. 26Q – Quarterly statement of tax deducted at source in respect of all payments other than ’Salaries’
- Form No. 27Q – Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents
- Form No. 27EQ – Quarterly statement of collection of tax at source
Know FVU – File Validation Utility
June 19th, 2009FVU is a utility provided by NSDL to verify the e-Return (Text file) generated by the deductor, with the format prescribed. FVU takes an Input file and generates a report and *.FVU File.
If any errors found, *.FVU file will not be generated and Report file contains the List of errors in the Text file.
If File Validation is successful, FVU generates a Report file with the Statistics of the return and a *.FVU file with Text file converted to a compatible format (With addition of few more details) for the software in TIN FC (SAM [ Statement Acceptance Module].
General points to remember for filing eTDS / eTCS returns
June 8th, 20091. Each e-TDS return file (Form 24, 26 or 27) should be in a separate CD/floppy. Also, each e-TDS return file should be in one CD/floppy. It should not span across multiple floppies. In case the size of an e-TDS return file exceeds the capacity of one floppy, it should be furnished on a CD.
2. Each e-TDS return file should be accompanied by a duly filled and signed (by an authorized signatory) Form 27A in physical form.
3. Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (24, 26 or 27) and period to which the return pertains.
4. There should not be any overwriting / striking on Form 27A. If there is any, then the same should be ratified by an authorized signatory.
5. No bank challan, copy of TDS certificate should be furnished along with e-TDS return file.
6. In case of Form 26 and 27, deductor need not furnish physical copies of certificates of no deduction or lower deduction of TDS received from deductees.
7. In case of Form 24 deductor should furnish physical copies of certificates of ‘no deduction or deduction of TDS at lower rate’, if any, received from deductees.
8. e-TDS return file should contain TAN of the deductor without which the return will not be accepted.
9. In case the e-TDS return file is in a compressed format, it should be compressed using WinZip 8.1 or ZipItFast 3.0 compression utility only to ensure quick and smooth acceptance of the file.
1. Each e-TDS return file (Form 24, 26 or 27) should be in a separate CD/floppy. Also, each e-TDS return file should be in one CD/floppy. It should not span across multiple floppies. In case the size of an e-TDS return file exceeds the capacity of one floppy, it should be furnished on a CD.
2. Each e-TDS return file should be accompanied by a duly filled and signed (by an authorized signatory) Form 27A in physical form.
3. Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (24, 26 or 27) and period to which the return pertains.
4. There should not be any overwriting / striking on Form 27A. If there is any, then the same should be ratified by an authorized signatory.
5. No bank challan, copy of TDS certificate should be furnished along with e-TDS return file.
6. In case of Form 26 and 27, deductor need not furnish physical copies of certificates of no deduction or lower deduction of TDS received from deductees.
7. In case of Form 24 deductor should furnish physical copies of certificates of ‘no deduction or deduction of TDS at lower rate’, if any, received from deductees.
8. e-TDS return file should contain TAN of the deductor without which the return will not be accepted.
9. In case the e-TDS return file is in a compressed format, it should be compressed using WinZip 8.1 or ZipItFast 3.0 compression utility only to ensure quick and smooth acceptance of the file.
Notification on TDS and TCS
May 25th, 2009The Ministry of Finance vide Notification No. S.O.858 (E) dated 25th March 2009 informed taxpayers that the new Form 17 (the challan for payment of TDS and TCS) is applicable only for payment of tax deducted or collected at source on or after 1st April 2009. Therefore, in respect of any TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) made before the 1st April, 2009, the payment will continue to be made to the credit of the Central Government by using the challan in Form No. 281 (i.e. the old challan form) even after 31st March 2009.
