Q1 TDS Return Filing Deadline (Form 24Q, 26Q, 27Q)

Under Section 200(3) of the Income Tax Act, any person or entity that deducts Tax Deducted at Source (TDS) must file a quarterly statement detailing the deductions. The due date to file the TDS return for the First Quarter (April to June) of FY 2026-27 is July 31, 2026\.

Important Considerations:

1. Relevant Forms: You must file Form 24Q for TDS on salaries, Form 26Q for TDS on non-salary payments (like professional fees, rent, or contracts to residents), and Form 27Q for payments made to non-residents. 2. Penalties for Delay (Section 234E): Failing to file the TDS return by the July 31st deadline attracts a strict late fee of ₹200 per day of delay. This penalty will continue to accrue until the return is filed, subject to a maximum limit equal to the total TDS amount deducted. 3. Impact on Deductees: Timely filing is essential. If the return is delayed, the TDS credits will not reflect in the Form 26AS or Annual Information Statement (AIS) of your employees or vendors, potentially preventing them from claiming their rightful tax refunds during their ITR filing.