TDS Return on payment other than Salary(26Q)

Form 26Q is a quarterly TDS statement for TDS payment other than salary like TDS on Interest, TDS on  Professional fees, TDS on commission etc.

Usually form 16A is available for download within 5-6 working days from the date of filing of TDS return.

For April to February  – due date of payment is 7th of the next month and

For March – due date is 30th April

Interest on late deduction of TDS – 1% every month or part of month

Interest rate if TDS deducted but delay in deposit – 1.5% every month or part of month

A fee of ₹200 per days is levied on late filing of TDS (Maximum upto amount of TDS).

If delay in filing return is more than a year from the due date of filing return than penalty can be levied upto ₹1,00,000/-.

Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.

Our plan caters to filing TDS returns for up to 50 deductees. If your firm has more than 50 deductees, our team will advise you on the fees. Kindly contact us for more detail.