Form 27A is a summary of e-TDS/TCS return (Form 24Q, 26Q, 27Q & 27EQ), which contains control totals of 'Amount Paid', 'Income tax deducted at source'& 'Tax Deposited (Total challan amount)'. The control totals mentioned on Form 27A should match with the corresponding control totals in e-TDS/TCS return file.
Total. Form No. 27A. Form for furnishing information with the statement of deduction/collection of tax at source (tick whichever is applicable) filed on computer media for the period.
You can consider form 27C online submission form any device with a working net connection, and that will be able to support basic formats.
27Q is the statement of TDS return that is required to be filed when tax is deducted and deposited while making payments (other than salary) to non-residents. ... It is required to be furnished every quarter just like Form 24Q (for salary payments) and form 26Q (for non- salary payments).
Form 26Q is used to file TDS details on payments made other than salary. The form mentions the total amount that is paid during the quarter and the TDS amount that has been deducted. Form 26Q has to be submitted on a quarterly basis.
Form 26Q is required to be submitted for TDS details on all payments other than salary on a quarterly basis by the deductor.
Form 24Q should be filed and submitted for Return of Tax Deducted at Source on salary payments. Form 26Q, on the other hand, should be filed and furnished for Return of Tax Deducted at Source details on domestic payments other than salary.
Form 27C is a document that can help in getting tax exemption from the tax deducted at the source. Both buyers and sellers can use this for all the goods specified in the Income Tax Act. ... As specified in Section 206C (1) of the Income Tax Act, tax is to be collected from the buyer of goods.
Late filing fees under section 234E will be charged at Rs. 200 per day, thus for 155 days the late filing fees will come to Rs. 31,000. However, the late filing fees cannot exceed the amount of tax deducted at source.
Step 1: Click on Annual Form 27 from menu Factory Registration. User can see Form “27” (Application Annual Return Form 27). Step 2: After filling Step 1, application ID will be generated. Form 27 will be submitted in six steps.
Form 26AS is a consolidated annual tax statement that shows the details of tax deducted at source, tax collected at source, advance tax paid by the assessee along with self-assessment tax. ... An assessee can claim the tax deducted reflecting in their form 26AS while filing their income tax return for a financial year.
Form 16 is your salary TDS certificate. If your income from salary for the financial year is more than the basic exemption limit of Rs 2,50,000 your employer is required, by the Income Tax Act, to deduct TDS on your salary and deposit it with the government.
About TAN. Tax Deduction Account Number or Tax Collection Account Number is a 10 -digit alpha-numeric number issued by the Income-tax Department. TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS).
Once you are registered for an Economic Operators Registration and Identification (EORI) number, you will be assigned a Revenue Trader Account Number (TAN). This is a secure channel through which you can make payments, for example, pay import duties.
If an NRI is selling property in India, the buyer is required to deduct TDS at the rate of 20% in case of long-term capital gains. However, if the property is sold before two years, TDS shall be deducted at the rate of 30% as a short-term capital gains tax.
TDS under section 195
TAN can be obtained by applying buy filling up the Form 49B. This form is also available online. Buyer should also have his own PAN number and PAN number of the NRI seller. TDS must be deducted at the time of making the payment to the NRI.
TAN No. is not required in case the property is purchased from a Resident Indian but is mandatory in case the property is purchased from a Non Resident Indian.
Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.