Income tax notification
1. ITR-1, ITR-2 & ITR-4 for AY 2026–27 is now live! Excel utilities, online and Offline filing are enabled on the e-Filing portal.
2. Offline Utility for Form 145 and Form 146 has been enabled on the e-Filing Portal. Users can download, fill, and submit the forms directly through the utility available under Income Tax Act 2025.
3. Form No. 105 (earlier Form No. 10AB) is now available for e-Filing.
4. The Income Tax Act, 1961 stands repealed effective 01.04.2026, pursuant to Section 536 of the Income Tax Act, 2025.
5. New challan forms are live on e-Filing portal for tax payments under the Income Tax Act, 2025. Users are advised to make payments using the new challans only for Tax Year 2026-27.
6. From 1st April 2026, Forms under Income Tax Act, 2025 will be available on the e-Filing Portal. Please select correct form to ensure compliance as per applicable Act.
7. Forms applicable for Assessment Year 2026–27 are available under "Forms as per Income-tax Act, 1961" on the e-Filing portal from 1 April 2026.
TDS Return Filing refers to the submission of quarterly statements containing details of Tax Deducted at Source (TDS) to the Income Tax Department. These statements include information such as the deductor's TAN, deductee PAN, nature of payment, amount paid, tax deducted, and tax deposited with the government.
The filing requirement is prescribed under Section 200(3) of the Income Tax Act, 1961. Every person or entity responsible for deducting TDS must report these transactions within the prescribed due dates.
Filing TDS returns correctly helps ensure that the deducted tax is reflected in the recipient's Form 26AS and Annual Information Statement (AIS). Timely compliance also protects businesses from penalties, notices, and interest charges under the Income Tax Act.
At TaxAbide, we help businesses complete their TDS return filing process accurately and on time, ensuring full compliance with applicable tax regulations.
TDS returns play a crucial role in the Indian taxation system. They help the government track tax collections while allowing taxpayers to receive proper credit for taxes already deducted from their income.
| Particulars | Details |
|---|---|
| Governing Law | Income Tax Act, 1961 |
| Applicable Section | Section 200(3) |
| Filing Frequency | Quarterly |
| Filing Method | Online |
| Required Registration | TAN |
| Verification Mode | DSC or EVC |
| Applicable Forms | 24Q, 26Q, 27Q, 27EQ |
| Late Filing Fee | ₹200 per day |
| Penalty for Non-Compliance | Up to ₹1,00,000 |
Any person or organization responsible for deducting tax at source must file TDS returns regularly.
A valid TAN is mandatory before filing any TDS return.
Used for reporting TDS deducted from employee salaries under Section 192.
Applicable for TDS deducted on payments made to resident individuals and entities, such as rent, commission, professional fees, and contractor payments.
Used when TDS is deducted on payments made to non-residents and foreign companies.
Filed for reporting Tax Collected at Source (TCS) on specified transactions.
TaxAbide offers professional assistance for quarterly TDS compliance across India. Our experts handle the complete filing process, from collecting documents and validating challans to preparing returns and submitting them through the appropriate government portal.
Get hassle-free TDS return filing support from TaxAbide and stay compliant with all Income Tax Department requirements.
