Income Tax
TDS Return Form 26Q
Quick answer: Form 26Q TDS return for non-salary payments — contractor, rent, professional, interest — quarterly on TRACES.
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Why choose FinTax24
- 3800+ Form 26Q filings for FY 2025-26
Audience
Who needs TDS Return Form 26Q?
- Businesses deducting TDS on contractor, professional, rent, interest, commission, or brokerage payments.
- Banks and NBFCs deducting TDS on interest, FD, and dividend payouts under Section 194A / 193.
- Real estate / property owners deducting TDS on rent under Section 194I (10% / 2% threshold).
- Professional firms (CA, law, consulting, agency) deducting TDS on sub-consultant payments.
- E-commerce operators deducting TCS under Section 194O (5% on sale of goods / services).
- Government departments, PSUs, and local authorities deducting TDS on vendor payments.
- Trusts and NGOs deducting TDS on any payment above threshold limits to vendors / contractors.
How it works
- 1
Payment & TDS Compilation
Vendor / contractor / landlord payment-wise TDS deducted compiled from books.
- 2
Challan 281 Reconciliation
TDS deposited via challan 281 matched with TDS deducted on each payment.
- 3
Form 26Q JSON Drafting
Annexure I (deductee details) and Annexure II (payment + TDS) prepared — verified by CA.
- 4
TRACES Portal Upload
Form 26Q uploaded on TRACES portal with TAN-based login and DSC verification.
- 5
Form 16A Issuance
Form 16A generated and issued to deductees within 15 days of return filing.
Timeline
Why file this
Benefits of tds return form 26q
- Form 26Q TDS return filing for non-salary deductions during FY 2025-26 (AY 2026-27).
- Covers Section 193 interest on securities, 194A bank interest, 194C contractor, 194I rent, 194J professional fees.
- Section 194Q TDS on purchase of goods exceeding ₹50 lakh from a single seller in a year.
- Section 195 TDS on payments to non-residents (residents only — Form 27Q for non-residents).
- Deductee-wise Annexure I (deductee details) and Annexure II (payment + TDS) prepared.
- Challan 281 reconciliation — TDS deposited vs TDS deducted for each quarter.
- Avoid Section 234E penalty of ₹1,000 per day by timely filing before quarterly due date.
- Form 16A issuance to deductees within 15 days of Form 26Q filing.
Documents required
8 documents needed for tds return form 26q.
- TAN of the deductor — mandatory for Form 26Q filing on TRACES.
- PAN of all deductees — vendor, contractor, landlord, professional, etc. — for TDS deduction.
- Vendor ledger for the quarter — payment-wise TDS deduction on non-salary payments.
- TDS challan 281 payment details — BSR code, challan serial number, date, and amount.
- Section 197 lower / nil TDS certificate from deductee (if applicable for lower rate deduction).
- Rent agreement / lease deed for Section 194I TDS on rent — gross rent, TDS rate, threshold.
- Contractor agreement / work order for Section 194C TDS — single / aggregate threshold limits.
- Professional invoice for Section 194J TDS — professional fees, technical fees, royalty.
DIY vs FinTax24
Why file tds return form 26q with FinTax24 instead of doing it yourself.
| Aspect | DIY / Portal | Local Tax Consultant | FinTax24 |
|---|---|---|---|
| Filing time | 7–14 days (typical) | Varies by availability and workload | 2-3 business days |
| Expert review | None | Depends on the consultant | Expert verified on every filing |
| Document check | You self-verify; rejected on portal | Manual review may vary | Pre-verified by our team before submission |
| Support | Email / chatbot | Appointment-based or office hours | WhatsApp + phone, Mon–Sat 10 AM–7 PM IST |
| Pricing | Government fees only | Consultant fee + government fees | Transparent: From ₹999 + govt fees |
Frequently asked questions
What is Form 26Q and when is it due?
Form 26Q is the quarterly TDS return for non-salary deductions — contractor, rent, professional, interest, commission — under Sections 193 to 196. Due dates for FY 2025-26: Q1 — 31 Jul 2025, Q2 — 31 Oct 2025, Q3 — 31 Jan 2026, Q4 — 31 May 2026. Filed on TRACES portal. Form 16A is issued to deductees after filing.
What is Section 234E penalty for late Form 26Q filing?
Section 234E penalty of ₹1,000 per day applies for late filing of Form 26Q until the date of actual filing. Maximum penalty is the amount of TDS deductible for the quarter. Continued non-filing may attract prosecution under Section 276B (1-3 years imprisonment + fine). File before quarterly due date to avoid penalty.
Which sections are covered in Form 26Q?
Form 26Q covers TDS under Sections 193 (interest on securities), 194 (dividend), 194A (bank interest), 194B (lottery), 194BA (online gaming winnings), 194BB (horse race), 194C (contractor), 194D (insurance commission), 194DA (life insurance), 194EE (NSS), 194F (repurchase units), 194G (commission), 194H (brokerage), 194I (rent), 194J (professional fees), 194K (mutual fund units), 194LA (immovable property), 194M (HUFs / individuals), 194N (cash withdrawal), 194O (e-commerce), 194Q (purchase of goods).
What is Section 194Q TDS on purchase of goods?
Section 194Q (effective 01 July 2021) mandates buyer to deduct 0.1% TDS (5% if buyer is non-specified person) on purchase of goods exceeding ₹50 lakh from a single seller in a year. TDS is deducted at the time of credit / payment. Threshold is aggregate turnover / gross receipts of buyer exceeding ₹10 crore in previous FY.
When must Form 16A be issued to deductees?
Form 16A (TDS certificate for non-salary payments) must be issued within 15 days of Form 26Q filing for each quarter. Form 16A shows payment made, TDS deducted, surcharge, education cess, and TDS deposited details. Deductees download Form 16A from the TRACES portal using their PAN.
Can Form 26Q be revised?
Yes. Form 26Q can be revised any number of times on the TRACES portal using the correction statement. Late correction attracts Section 234E penalty. Original Form 26Q must be filed before correction can be submitted. Revised Form 16A can be re-issued after correction processing.
What is the fee for Form 26Q filing at FinTax24?
Form 26Q TDS return filing starts from ₹999 per quarter at FinTax24 — covers vendor / contractor TDS compilation, challan 281 reconciliation, Annexure I & II drafting, TRACES upload, and DSC verification. Form 16A issuance included. Multi-quarter packages start from ₹3,499 per year. Foreign remittance TDS support from ₹1,499.
What is the consequence of non-filing of Form 26Q?
Section 234E penalty ₹1,000 / day until filed. Section 271H penalty of ₹10,000 to ₹1 lakh for filing incorrect / incomplete return. Section 276B prosecution (1-3 years imprisonment + fine) for willful non-filing. Deductees cannot claim TDS credit in ITR without corresponding Form 26Q filing — affects refund processing.
Sources & authority: For regulations on tds return form 26q, refer to incometax.gov.in , eportal.incometax.gov.in .
Last reviewed by: FinTax24 Compliance Desk · Reviewed on:
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