What is TCS?
TCS (Tax collected at source) Returns are statement in form No. 27EQ which is to be filed at the end of each quarter.
TAN holders are liable to file particulars of each collection & their payment to govt. during each quarter.
Due dates of filing Form No. 27EQ is as follows:-
Quarter PeriodDue Date
1st 1st April to 30th June 15th July
2nd 1st July to 30th September 15th Oct
3rd 1st October to 31st December 15th Jan
4th 1st January to 31st March 15th May
If there is any delay in filing of Form No. 27EQ then a fee of Rs.200/-shall be payable for each day of default.
Certificate 27D to be furnished by the person responsible for filing TCS return and collecting tax at source.