TDS Return :

TDS is an immediate tax assessment instrument which was introduced with collect charges from the type of revenue itself or at the time of income payout. TDS full form is Tax Deducted at Source. Under this component, if an individual (deductor) is obligated to make installment to some other individual (deductee) will deduct charge at source and transfer the balance to the deductee. The TDS sum deducted will be transmitted to the Central Government. Deductee can check the Tax Deducted at Source (TDS) sum in the Form 26AS or TDS Certificate issued by the deductor.

it is a quarterly statement to be given to the I-T office. It is necessary for deductors to submit a TDS return on schedule. The subtleties needed to record TDS returns are:

  • PAN of the deductor and the deductee
  • Particular of TDS paid
  • TDS challan information

Eligibility Of TDS

Employers and employee with a valid TAN are equipped for documenting TDS returns. People whose records are audited under Section 44AB, and hold an office under the public authority or organizations are responsible to document online TDS return each quarter. It implies that the deductor can be an individual, group of people, HUFs, limited organizations, neighborhood specialists, an association of individuals, association firms, etc.

TDS is filed against these following:-

  • Salary income
  • Income on securities
  • Insurance commission
  • Earnings generated on winning horse race
  • winning a lottery, puzzles, etc.


Filing Process

The step-by-step process to file TDS Returns :-

Step 1:- Form 27A, which contains multiple columns, must be filled completely. In case the hard copy of the form is filled, it must be verified along with the e-TDS return that has been electronically filed.

Step 2:- the tax deducted at source and the total amount that has been paid must be correctly filled and should be tallied in their respective forms.

Step 3:-The TAN of the organization that is filing the TDS returns must be mentioned on Form 27A. The verification process becomes difficult if the incorrect TAN is mentioned.

Step 4:-The appropriate challan number, the mode of payment, and the tax details must be mentioned on the TDS returns. If there are any incorrect details mentioned in the date of payments or challan numbers, there will be a mismatch and the TDS returns might have to be filed again.

Step 5:-The basic form that is used for filing e-TDS must be used as it would bring consistency. The 7-digit BSR must be entered so that the tallying becomes easy.

Step 6:-Physical TDS returns must be submitted at the TIN-FC. The NSDL manages all TIN-FCs. In case returns are filed online, they can be submitted on the official website of the NSDL TIN. However, a level 2 digital signature must be used by the deductor in case TDS returns are filed online.

Step 7:-In case all the information that have been provided are correct, a token number or provisional receipt will be received. This acknowledgement works as a confirmation that the TDS Returns have been filed. In case the TDS Returns are rejected, a non-acceptance memo along with the reasons for the rejection is issued. In such cases, the TDS Returns must be filed again.


Penalty for delay in filing TDS return

As per Section234E, if  an assessee neglects to record his/her TDS Return before the due date, a punishment of Rs 200 every day will be paid by the assessee until the time the default proceeds. however, the complete penalty should not exceed the TDS amount.


TDS return form

Particular Form no.
TDS on salary Form 24Q
TDS where deductee is a non-resident, foreign company Form 27Q
TDS on payment for transfer of immovable property Form 27Q(b)
TDS in any other case Form 26Q


TDS Due Date


Quarter Filing Period


Last Date of Filing
1st Quarter 1st April to 30th June 31st July 2021


2nd Quarter 1st July to 30th September 31st October 2021
3rd Quarter 1st October to 31st December 31st Jan 2022
4th Quarter 1st January to 31st March 31st May 2022