TDS returns

A person who is required to deduct tax while making the payments to the vendor for supplies under different section of the Income Tax Act, 1961. For example, if a person is making payment of commission in that case he is required to deduct TDs under Section 194H and shall deposit to the government exchequer.

Such person is required to file return for the amount deducted as TDS in form 26Q in the manner prescribed. A person liable to deducted TDS has to file TDS return by the due date prescribed in the law. In accordance with the provisions of the Income Tax Act, 1961, following provisions mandates the deduction of TDS :

S.no	Section	Nature of Income	Amount over which TDS to be deducted	Rate of TDS (For FY 2019-20)
S.no	Section	Nature of Income	Amount over which TDS to be deducted	If PAN is available	If PAN is not available
1	192	Salary	to be seen as per slab	Average Rate	30%
2	192A	Payment of accumulated balance due of Employees’ Provident Fund	if accumulated balance is more than 50000	10%	42.744%
3	193	Interest on securities	10,000	10%	20%
4	194	Dividend other than of 115-O	2,500	10%	20%
5	194A	Interest other than interest on securities
		– Interest received from Bank	40,000	10%	20%
		– Interest received from others	5,000	10%	20%
6	194B	Income by way of winnings from lotteries Puzzles	10,000	30%
7	194BB	Income by way of winnings horse race	10,000	30%	30%
8	194C	Payment to contractors/ Subcontractors	30000 one time		individual/HUF 1% Others 2%	20%
8	194C	Payment to contractors/ Subcontractors	100000 in whole year		individual/HUF 1% Others 2%	20%
9	194D	Insurance Commission	15,000	Other than company 5% Company 10%	20%
10	194DA	payment under Life Insurance Policy	100,000	5%	20%
11	194E	Payment to NR Sports Person	No Limit	20%	20%
12	194EE	Payment from National Savings Scheme	2,500	10%	20%
13	194F	Payments on account of repurchase of units by Mutual Fund	No Limit	20%
14	194G	Commission on sale of lottery tickets	15,000	5%	20%
15	194H	Payment of Commission or Brokerage	15,000	5%	20%
16	194H	Payment of rent
		– For Land, building or furniture.		2,40,000	10%		20%
		– For plant and machinery or equipment		2,40,000	2%		20%
17	194 IA	Payment on transfer of certain immovable property other than agricultural land	5,000,000	1%	20%
18	194 IB	Payment of rent by individual/HUF other than those covered under 44AB	50000 p.m	5%	20%
19	194 iC	Payment of Consideration (not being in kind) under Joint Development Agreement	No Limit	10%	20%
20	194 iC	Fees for professional or technical services
		– Normally in all cases		10%
		3– person engaged only in the business of operation of call center (w.e.f 01/06/2017)	30,000	2%	20%
21	194LA	Payment of compensation on acquisition of certain immovable property	250,000	10%	20%
22	194LB	Income by way of interest from infrastructure debt fund to a non-resident or Foreign Co.	No Limit	5%	20%
23	194LBA	Certain income from units of a business trust
		– Payment to resident	No Limit	10%	20%
		– Payment to Non-resident	No Limit	5%	20%
24	194LBB	Income in respect of units of investment fund
		– Payment to resident	No Limit	10%	20%
		– Payment to Non-resident	No Limit	30%
25	194LC	Income by way of interest from Indian company	No Limit	5%	20%
26	194LD	Income by way of interest on certain bonds and Government securities	No Limit	5%	20%

Particulars	Form No.	Frequency of Certificate
TDS certificate in respect of tax deducted on salary	Form No. 16	Annually
TDS certificate in respect of tax deducted on payments other than salary	Form No. 16A	Quarterly
TCS certificate	Form No. 27D	Quarterly

TDS Due Date of F.Y 2019-20 (Assessment Year 2020-21) for Return Filling:

Quarter	Period	Last Date of Filling
1st Quarter	1st April to 30th June	31st July 2019
2nd Quarter	1st July to 30th September	31st Oct 2019
3rd Quarter	1st October to 31st December	31st Jan 2020
4th Quarter	1st January to 31st March	31st May 2020

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