TDS RETURNS

As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS statements in electronic form i.e. e-TDS/TCS returns. However, deductors/collectors other than corporate/government can file either in physical or in electronic form.

PAN of the deductees has to be given by non-Government deductors. It is essential to quote PAN of all deductees.

Form No. 27A is a summary chart of quarterly e-TDS/TCS statements to be filed in paper form by deductors/ collectors along with quarterly statements contains totals of “amount paid” and “income tax deducted at source”. The totals of “amount paid” and “income tax deducted at source” mentioned on Form No. 27A should match with the corresponding totals in e-TDS/TCS return. A separate Form No. 27A is to be filed for each e-TDS/TCS return.

No, a single Form 26Q with separate annexure for each type of payment has to be filed for all payments made to residents. E-Return should comprise a single file with all the details of Form26Q.

In case PANs of some of the deductees are not mentioned in the e-TDS return, the Provisional Receipt will mention the count of missing PANs in the e-TDS return. eTDS return will be accepted even with missing PANs.
However, if PAN of deductees is not given in the TDS return, tax deducted from the payment made to him cannot be credited to his account i.e. Form 26AS.