TDS Return on all payments other than salary

What is form 26Q??

Form 26Q is required to be submitted for TDS details on all payments other than salary on a quarterly basis by the deductor. Form 26Q is applicable for TDS deducted under section 200(3) of the Income Tax Act for TDS under sections 193 & 194 being interest on securities, Dividend securities, professional fees, directors' remuneration, etc..

Is their any interest and penalty for non or late filing of Form 26Q??

In case you have not deposited TDS by the due date, the following penalties are applicable: • Late filing fee (if you do not file by the deadline) • Interest (if you do not deposit the TDS amount in time) • Penalty (if TDS is not filed within one year of the due date) • I need to deduct TDS returns for more than 50 vendors. Can you advise? Our plan caters to filing TDS returns for up to 50 deductees. If your firm has more than 50 deductees, our representatives will advise you on the fees. Please submit your inquiry here or write to us at [email protected] .

Do all deductors require to quote their PAN??

It is compulsory to quote the PAN for non-Government deductors whereas In the case of Government deductors, "PANNOTREQD" has to be mentioned on the form..

Is revised return covered under the plan??

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