Different Forms Under Tds provisions

Form Name	Description
Form 15CA	This is the form for providing information to be furnished under Sub-section (6) of Section 195 of Income Tax Act, 1961 relating to remittance of payments to a non-resident or to a foreign company
Form 15CB	This is the certificate of an accountant to be furnished under Sub-section (6) of Section 195 of Income Tax Act, 1961 relating to remittance of payments to a non-resident or to a foreign company
Form 15D	This is the application by a person other than a banking company for a certificate under Section 195(3) of Income Tax Act, 1961 for receipt of sums other than interest and dividends without deduction of tax
Form 15G	This is the declaration under Sub-sections (1) and (1A) of Section 197A of Income Tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax
Form 15H	This is the declaration under Sub-section (1C) of Section 197A of Income Tax Act, 1961, to be made by an individual who is of the age of sixty years or more claiming certain receipts without deduction of tax
Form 16 (Part A)	Certificate for tax deducted at source from income chargeable under the head "Salaries".
Form 16 (Part B)	Certificate for tax deducted at source from income chargeable under the head "Salaries".
Form 16A	Certificate for tax deducted at source in respect of income other than Salary.
Form 16B	Certificate for tax deducted at source under section 203 on sale of Immovable Properties

Form 16C	Form 16C is the TDS certificate to be issued by the deductor (Tenant of property) to the deductee (Landlord of property) in respect of the tax deducted and deposited as TDS on rent under section 194-IB of the Income-tax Act, 1961.
Form 16D	Form 16D is the TDS certificate to be issued by the deductor to the deductee in respect of the tax deducted and deposited as TDS under section 194M of the Income-tax Act, 1961.
Form 24Q	Quarterly statement of deduction of tax  in respect of Salary
Form 26Q	Quarterly statement of deduction of taxin respect of payments other than Salary
Form 26QB	The online form available on the TIN website for furnishing information regarding TDS on property is termed as Form 26QB
Form 26QC	Form 26QC is the challan-cum-statement for reporting the transactions liable to TDS on rent under section 194-IB of the Income-tax Act, 1961. It is an online form available on the TIN website.
Form 26QD	Form 26QD is the challan-cum-statement for reporting the transactions liable to TDS on PAYMENTS TO RESIDENT CONTRACTORS AND PROFESSIONALS under section 194M of the Income-tax Act, 1961.
Form 27A	Form for furnishing information with the statement of deduction / collection of tax at source filed on computer media for a given period
Form 27C	This form is the declaration under Sub-section (1A) of Section 206C of Income Tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax
Form 27D	This is the certificate of collection of tax at source under Sub-section (5) of Section 206C of Income Tax Act, 1961
Form 27EQ	Quarterly statement of Tax Collection at Source (TCS) under Section 206C of Income Tax Act, 1961

Form 27Q

Quarterly statement of deduction of tax in respect of payments other than Salary made to non-residents

 

 What is Form 15CA?

As per Section 195, every person making a payment to Non-Residents (not being a Company), or to a Foreign Company shall deduct TDS  if such sum is chargeable to Income Tax and the details are required to be furnished in Form 15CA.

A person responsible for making such remittance (payment) has to submit the form 15CA, before remitting the payment. This form can be submitted both online and offline mode. In certain cases, a Certificate from Chartered Accountant in form 15CB is required before uploading the form 15CA online.

Who is required to file Form 15CA?

As per Rule 37BB, any person responsible for paying to a Non-Resident, not being a Company, or to a Foreign Company shall furnish such information in Form 15CA.

Is it mandatory to submit Form 15CB?

No, it is not mandatory to submit Form 15CB. Form 15CB is an event-based form to be filled only when the remittance amount exceeds ₹5 lakh during a financial year and you are required to furnish a certificate from an accountant defined as per Section 288.

Can Form 15CA be withdrawn?

No, there is no option to withdraw Form 15CA.

When is Form 15CA not required to be furnished?

In accordance with sub-rule (3) of Rule 37BB, information in Form 15CA is not required to be furnished in case of following transactions:

• Remittance is made by an individual and does not require prior approval of RBI
• Remittance is of the nature specified under relevant purposes code as per RBI

Which part of Form 15CA do I need to fill?
The furnishing of information for payment to Non-Residents not being a Company, or to a Foreign Company in Form 15CA has been classified into 4 parts. Depending upon the case, you will need to fill the relevant part.

PART A: Where the remittance or the aggregate of such remittance does not exceed ₹5 lakh during the F.Y.

PART B: Where remittance or the aggregate of such remittances exceed 5 lakh rupees during the FY and an order / certificate u/s 195(2) / 195(3) /197 of the Act has been obtained from the Assessing Officer.

PART C: Where the remittance or the aggregate of such remittance exceed ₹5 lakh during the FY and a certificate in Form No 15CB from an accountant has been obtained.

PART D: Where the remittance is not chargeable to tax under the Income Tax Act, 1961.

What is Form 26QB ?

The online form available on the TIN website for furnishing information regarding TDS on property is termed as Form 26QB

The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth ` 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor

Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1%  should be deducted (depending upon the Date of Payment/Credit to the Seller) by the purchaser of the property at the time of making payment of sale consideration.

How will transactions of joint parties (more than one buyer/seller) be filed in Form 26QB?

Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in and for two buyers and two seller, four forms have to be filled in for respective property shares.

What is Fee in Form 26QB and when is it applicable?

As per section 234E of the IT Act, 1961 read with Rule 31A (4A) of IT rules, 1962, failure on the part of taxpayer to furnish challan-cum-statement in Form No. 26QB electronically within seven days from the end of the month in which the tax deduction is made will attract levy of fee to be paid by the buyer/transferee/payer.

I have filled Form 26QB and made the payment online, but I forgot to save the Acknowledgment Number generated at TIN website. From where can I get the Acknowledgment Number.?

a) Acknowledgment number for the Form 26QB furnished is available in the Form 26AS (Annual Tax Statement) of the Deductor (i.e. Purchaser/ Buyer of property). The same can be viewed from the TRACES website (www.tdscpc.gov.in) or

b) Taxpayer can also click the option ‘View Acknowledgment’ hosted on the TIN website. Taxpayer needs to enter PAN of the Buyer and Seller, Total Payment and Assessment Year (as mentioned at the time of filing the Form 26QB) to retrieve the Acknowledgment Number.

Download E Tutorial for filing form 26QB

What is Form 16B?

Form 16B is the TDS certificate to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account.

What is Form 26QC?

Form 26QC is the challan-cum-statement for reporting the transactions liable to TDS on rent under section 194-IB of the Income-tax Act, 1961. It is an online form available on the TIN website.

The Finance Act, 2017 has introduced section 194-IB providing that Tenant of a property making monthly rent payment exceeding ₹ 50, 000 is required to deduct tax at the rate of 5%  from the rent payable to a resident landlord (depending upon the Date of Payment/Credit to the Landlord).

The tenant of the property being an individual or a HUF (not liable to audit u/s 44AB) would have to deduct the TDS and deposit the same in Government treasury.

What is Form 16C?

Form 16C is the TDS certificate to be issued by the deductor (Tenant of property) to the deductee (Landlord of property) in respect of the tax deducted and deposited as TDS on rent under section 194-IB of the Income-tax Act, 1961.

What is the periodicity of filling Form 26QC?

According to rule, Taxpayer/Tenant should furnish challan-cum-statement in Form 26QC in following scenarios:-

At the end of the FY or in the month when the premise is vacated / termination of agreement. However, taxpayer has to mandatorily file the Form at the end of each Financial Year (in case the agreement period contains more than one FY and rent has been paid/credited during the year)

In the month when the premise is vacated/ termination of agreement ( in case the agreement period falls in the same FY)

Example 1 (Rent Agreement falling across two FY):- Tenant Mr. A has entered into a tenancy agreement with Landlord Mr. X for the period of 11 months from October 1, 2017 to August 31, 2018 @ rent of Rs. 60,000.

Explanation: - In this case, Mr. A should file Form 26QC twice i.e. firstly at the end of the FY 2017-18 (on March 31, 2018) and secondly at the end of the tenancy period (on August 31, 2018). Following values will be captured in the below fields:

Example 2 (Rent Agreement falling in same FY):- Tenant Mr. B has entered into a tenancy agreement with Landlord Mr. Y for the period of 6 months from June 1, 2017 to November 30, 2017 @ rent of Rs. 80,000 for 6 months.

Explanation: - In this case, Mr. B will have to file Form 26QC only once i.e. at the end of tenancy period (on November 30, 2017). Following values will be captured in the below fields:

What is Form 26QD?

Form 26QD is the challan-cum-statement for reporting the transactions liable to TDS on PAYMENTS TO RESIDENT CONTRACTORS AND PROFESSIONALS under section 194M of the Income-tax Act, 1961. It is an online form available on the TIN website.

What is the due date of payment of TDS deducted on payment ‘TO RESIDENT CONTRACTORS AND PROFESSIONALS’ u/s 194M?

The due date of payment of TDS on ‘PAYMENTS TO RESIDENT CONTRACTORS AND PROFESSIONALS’ is within a period of thirty days from the end of the month in which the payment has been made.

Example: If Date of Payment is September 1st, 2019, then due date for filing Form 26QD will be October 30, 2019’.

What is the periodicity of filling Form 26QD?

According to rule, Payer / Deductor should furnish challan-cum-statement in Form 26QD in following scenarios:-

                At the end of ‘Financial Year’

                At the end of ‘Termination of Contract/Services’

Both cases or at the time of Payment/Credit deductor/payer can file 26QD

Explanation: If Date of Payment is September 1st, 2019, then due date for filing Form 26QD will be October 30, 2019’

What is Form 16D?

Form 16D is the TDS certificate to be issued by the deductor to the deductee in respect of the tax deducted and deposited as TDS under section 194M of the Income-tax Act, 1961.