TDS Return Filing
TDS Return filing is quarterly for everyone.
Types of TDS Return Forms
TDS Return Statement for Tax deducted at Payment of Salary Sections Covered: 192
TDS Return Statement for Tax deducted at Payment Other than Salary Section Covered: 194
TDS Return Statement for Tax deducted at Payment made to Non-Resident Sections Covered: 195
TDS Return Statement for Tax deducted at Payment made to for Purchase of Property above 50 Lakh Sections Covered:
TDS Return Filing Due Date and Late Filing Fees
These date are for regular returns which are filed regularly. For example 24Q, 26Q, 27Q etc. Due date for TDS Return of Tax deducted on Purchase of Property is within 30 days from the end of the month in which payment is made.
Payment of TDS (Due Date, Interest)
TDS Payment Due date
Interest on Late deduction: 1% p.m
Interest on Late Payment: 1.5% p.m
Interest under TDS is calculated on calendar month basis. i.e. If you pay TDS of April on 8th May, you have to interest of 2 month (April & May). Even though if you pay TDS on 31st May you need to pay interest for 2 month. But if you pay TDS of April on 1st June then you need to pay interest for 3 month.