Ideal Form 27eq Tds
Form 27EQ also has to be filled quarterly close to the statement of TCS that reflects the details of the TDS us 206C of the Income Tax Act of 1961.
Form 27eq tds. 27EQ 1See section 206C 206CC 206CCA and rule 31AA Quarterly statement of collection of tax at source under section 206C of the Income-tax Act for the quarter endedJuneSeptemberDecemberMarchFinancial year 1. The form is made under the section 206C of the Income Tax Act. It is mandatory to mention the TAN in this form.
What is FORM 27EQ. For Government deductors PANNOTREQD has to be mentioned. TCS is the tax collected by the seller.
The details of TCS should be mentioned in Form 27EQ while filing TDS returns quarterly. In this form it is mandatory to furnish TAN. The e-TDSTCS FVU is a Java based utility.
All the Corporates Government and all Tax collectors are required to submit Form 27EQ. Quarterly statement of collection of tax at source under section 206C of the Incometax Act. The form 27EQ is submitted on a quarterly basis.
Form 27EQ is a quarterly statement form that contains all the details of the Tax collected at source from the collector and deducted from the buyers or payers in a specific period. Once the TDS has deposited Buyer is also required to file TDS return in form 27Q in TDS return. What is Form 27EQ.
Primarily for TCS returns Form 27EQ is a quarterly certificate that contains details of the Tax Collected at Source or TCS under Section 206C of the Income Tax Act 1961. E-TDS e-TCS returns prepared for FY 2005-06 and onwards ie. It can also be called as the statement that furnishes the Tax Collected at Source TCS.