Zeal Consultancy - Blog #FormZeal Consultancy - Blog #Formhttps://www.zealconsultancy.co.in/blogs/tag/formWed, 22 Apr 2026 17:45:24 +0530http://zoho.com/sites/<![CDATA[Overview of MSME Samadhaan Scheme]]>https://www.zealconsultancy.co.in/blogs/post/overview-of-msme-samadhan-schemeMSME Samadhan Scheme emerges as a critical safeguard, ensuring the stability of cash flows for MSE Enterprises by addressing payment delays and thereby harnessing their potential for sustained growth.]]>

Micro, Small and Medium Enterprise (hereinafter collectively referred to as “MSE Enterprises”) are flourishing across various sectors, playing vital roles in India’s economic development. These enterprises serve as catalysts for growth, fostering innovation, nurturing entrepreneurship, generating substantial employment opportunities, and crucially, promoting equitable wealth distribution by empowering local communities. Hence, the MSME Samadhaan Scheme emerges as a critical safeguard, ensuring the stability of cash flows for MSE Enterprises by addressing payment delays and thereby harnessing their potential for sustained growth.

Understanding of MSME Samadhaan Scheme

The MSME Samadhaan Scheme, initiated under the Micro, Small and Medium Enterprise Development (MSMED) Act of 2006 and launched in 2017, is designed to facilitate the timely recovery of payments owed by buyers to Micro, Small, and Medium Enterprises (MSMEs). By ensuring prompt payment settlements, the scheme creates a conducive environment for the growth and prosperity of MSMEs, enabling them to thrive and contribute more effectively to the economy.

Eligibility for MSME Samadhaan Scheme

Any Micro, Small, and Medium Enterprises having a valid UAM can file the application through the MSME Samadhan Portal [https://samadhaan.msme.gov.in/]. For classification between Micro, Small, and Medium Enterprises, refer to Section 7 of The Micro, Small and Medium Enterprises Development Act, 2006.

Process for filing a claim under MSME Samadhaan Scheme

A step-by-step process is mentioned below in the easiest language possible for your understanding:

  • Visit the MSME Samadhaan Portal (https://samadhaan.msme.gov.in/).
  • Click on ‘Case Filing for Entrepreneur/MSE Units.’
  • Choose your MSME registration type: Udyog Aadhaar Number or Udyam Registration Number.
  • Login with your registration number, mobile number (as per the registration certificate), and verify the one-time password sent to the registered mobile number or E-mail ID.
  • Fill the claim application with all the required information and attach relevant documents to prove your claim.
  • Submit the case for review by the MSME Samadhan team.
  • You’ll receive an acknowledgment of receipt of the complaint.
  • After successful submission of the application, an auto-generated notice will be sent to the Buyer mentioning the amount due and therefore ordering to pay within the stipulated time.

Documents required for filing a claim under MSME Samadhaan Scheme

  • Copies of Invoice(s) issued by the MSME Supplier.
  • Copies of the agreement or Purchase Order between the MSME supplier and the buyer, if an oral contract had happened then a written affidavit should be filed.
  • Proof of Delivery of Goods or Services by MSME Supplier.
  • Any other relevant documents supporting the claim of the MSME Supplier.

What if the buyer has not responded to or mutually settled the disputed amount within the stipulated time mentioned in the notice?

Conciliation proceedings under section 18(2): The MSME Facilitation Council turns the complaint into an MSME case if the buyer doesn’t pay or respond to the notice, and therefore such a case comes under the ambit of MSEFC. Once it becomes an MSME case, Section 18(2) allows for conciliation between the parties. The council can handle the conciliation process itself or refer to a conciliation institution for help. The rules from sections 65 to 81 of the Arbitration & Conciliation Act, 1996, apply to this dispute, treating it as if conciliation is initiated under part III of the Arbitration & Conciliation Act, 1996.

Arbitration proceedings under section 18(3): If conciliation under section 18(2) doesn’t work out or ends without a settlement, the MSME Facilitation Council sends the case to arbitration for resolution. The council can either handle the arbitration process itself or refer the case to an institution or center that offers alternate dispute resolution services for arbitration. The rules of the Arbitration & Conciliation Act, 1996, apply to these arbitration proceedings or disputes.

Appeal against decree, award, or order under section 19: Section 19 of the MSME Act allows for an application to set aside a decree, award, or order resulting from arbitration proceedings. The rules of the Arbitration and Conciliation Act of 1996 are applicable to alternate dispute resolution or arbitration initiated under the MSME Act. Therefore, an objection or application to set aside the decree, award, or order can be filed according to the provisions of section 34 of the Arbitration and Conciliation Act, 1996, in conjunction with section 19 of the MSME Act.


Execution of Arbitral decree, award, or order: The decree, award, or order can be executed as per the provisions of section 36 of the Arbitration and Conciliation Act, 1996.

    MSME Samadhaan vs. Insolvency & Bankruptcy Code, 2016 – Which Road to Recovery is suitable?

    Certainly! Let’s delve deeper into the factors to consider when deciding between MSME Samadhaan and filing an application under the Insolvency & Bankruptcy Code, 2016 (IBC):

    Nature of the Dispute

    MSME Samadhaan: This mechanism primarily addresses disputes related to delayed payments from buyers to MSMEs. It focuses on resolving these disputes through conciliation and arbitration, aiming to expedite the resolution process and ensure timely payments without resorting to insolvency proceedings. 


    IBC: Filing an application under the IBC is typically considered when the financial distress faced by the MSME is severe and other attempts to resolve the issue, such as negotiation and mediation, have failed. This route may be chosen if the dispute goes beyond delayed payments and involves broader financial difficulties or insolvency concerns.

    Willingness to Maintain Business Relationships

    MSME Samadhaan: If preserving business relationships with the defaulting party (buyer) is a priority and there’s a possibility of resolving the payment delay amicably, MSME Samadhaan may be preferred. It provides a structured mechanism for dispute resolution while aiming to maintain commercial ties. 


    IBC: Filing under the IBC is a more formal legal process that may strain business relationships, as it involves initiating insolvency proceedings against the defaulting party. This route is typically pursued when other avenues for resolution have been exhausted, and the priority is to recover outstanding dues rather than preserve relationships.

    Severity of Financial Distress

    MSME Samadhaan: This mechanism is suitable for addressing relatively minor payment delays or disputes where the financial health of the MSME is not severely compromised. It offers a quicker and less adversarial way to resolve disputes without escalating to insolvency proceedings. 


    IBC: Filing under the IBC is appropriate when the financial distress faced by the MSME is significant, and there’s a genuine risk of insolvency. If efforts to recover dues through other means have failed and the MSME’s survival is at stake, initiating insolvency proceedings under the IBC may be necessary to protect the interests of creditors and stakeholders.

    Legal Implications and Processes

    MSME Samadhaan: The process under MSME Samadhaan involves conciliation and arbitration as per the provisions of the MSME Act. It is a relatively straightforward process focused on resolving payment disputes between parties. 


    IBC: Filing an application under the IBC entails adhering to the legal requirements and procedures prescribed under the Code. It involves the appointment of insolvency professionals, admission of the application by the National Company Law Tribunal (NCLT), and subsequent resolution or liquidation proceedings as per the provisions of the IBC.

    Synopsis

    The decision between MSME Samadhaan and filing under the IBC depends on factors such as the nature and severity of the dispute, willingness to preserve business relationships, and the legal implications involved. It’s essential to carefully assess the specific circumstances of the case and seek expert advice to determine the most appropriate course of action.


    Facts & Figures of MSME Samadhaan Portal (as on 05th May 2024): 

    Total Application Filed: 1,88,321 Cases 

    Cases mutually settled: 17,374 Cases 

    Therefore, Cases Transferred to MSEFC: 1,70,947 Cases 

    Cases disposed by MSEFC: 35,778 Cases 

    Cases under observation of MSEFC: 38,838 Cases 

    Cases yet to be viewed by MSEFC: 47,797 Cases 

    Application Rejected by MSEFC: 48,534 Cases


    Based on the data, it’s evident that the MSME Samadhaan portal isn’t operating at peak effectiveness currently. However, it’s still proving beneficial for MSE Enterprises by facilitating the recovery of stalled payments and monitoring delays. Looking ahead, there’s optimism for enhanced efficiency from the MSME Samadhaan Portal in the future.


    To know more, click on the below tab and schedule a consultancy.

    Schedule a Consultancy
    ]]>    Mon, 06 May 2024 08:18:48 +0000    <![CDATA[ ITR Forms for FY 2023-24 (AY 2024-25): Choose the right one]]>https://www.zealconsultancy.co.in/blogs/post/itr-forms-for-fy-2023-24-ay-2024-25-choose-the-right-oneITR, an acronym for Income Tax Return, which is governed by the Income-tax Act of 1961. This article speaks about various types of ITR forms available and it’s applicability.]]>

    ITR, an acronym for Income Tax Return, which is governed by the Income-tax Act of 1961. This article speaks about various types of ITR forms available and it’s applicability. 

    What's ITR?

    ITR serves as a document through which taxpayers provide details regarding their income earned and the corresponding tax obligations to the income tax department.

    Currently, the department has designated seven forms, namely ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. It is mandatory for every taxpayer to submit their ITR on or before the stipulated deadline. The selection of the appropriate ITR form depends on factors such as the taxpayer's income sources, the total income amount, and the taxpayer category, which includes individuals, HUFs, companies, etc.

    Reasons to file ITR include

    1. Claiming an income tax refund from the department.
    2. Having earned from or invested in foreign assets during the financial year.
    3. Applying for a visa or a loan.
    4. Mandatory filing for companies or firms, regardless of profit or loss.
    5. If you've incurred losses from business/profession or under the capital gains category, filing the return before the due date is essential to carry them forward to subsequent years.

    When is it mandatory to file Income Tax Returns?

    1) If your gross total income exceeds the basic exemption limit:

     Age Group Basic Exemption Limit
     For individuals below 60 yearsRs 2.5 lakh
     For individuals 60 years or more but below 80 yearsRs 3.0 lakh
     For individuals 80 years or above 
    		Rs 5.0 lakh

    2) Even if your income is below the basic exemption limit, you must file your tax return if you meet any of the following conditions:

    a.    Deposited more than Rs 1 crore in 'current' bank account: If you have deposited a total of Rs. 1 crore or more in one or more current accounts with a bank, you are required to file a tax return. This condition does not apply to deposits made in post office current accounts.

    b. Deposited more than Rs 50 lakh in 'savings' bank account: If the total amount deposited in one or more of your savings bank accounts exceeds Rs 50 lakh, you must file a tax return.

    c. Spent more than Rs 2 lakh on foreign travel: If you incurred total expenditure of more than Rs 2 lakh on foreign travel, whether for yourself or any other person, filing a tax return becomes mandatory.

    d. Electricity expenditure is more than Rs 1 lakh: If your expenditure towards electricity consumption during the previous year surpasses Rs 1 lakh, you are required to file a tax return.

    e. TDS or TCS is more than Rs 25,000 (Rs 50,000 for senior citizens above 60 years):  If the tax deducted at source (TDS) or tax collected at source (TCS) exceeds Rs 25,000 in the previous year (Rs 50,000 for senior citizens above 60 years), you must file a tax return.

    f. Business turnover is more than Rs 60 lakh: If you are engaged in business and your total sales, turnover, or gross receipt exceeds Rs 60 lakh during the previous year, filing a tax return becomes mandatory.

    g. Professional income is more than Rs 10 lakh: If you earn income from a profession and your gross receipts exceed Rs 10 lakh during the previous year, you are required to file a tax return.

    Individuals who fall under the following categories are exempted from filing Income Tax Returns

    1. Individuals with a total income less than the basic tax exemption limit.
    2. Non-residents who do not have income accruing or arising from India.

    Additionally, the central government has the authority to grant exemptions to specified classes of persons from filing income tax returns. However, as of now, there are no specific exemptions notified by the central government in this regard.

    Which ITR form to file depends on specific income and financial situation

    1) ITR-1

    Use ITR-1 (SAHAJ) if:
    1.  You are a resident individual.
    2. Your total income includes income from Salary/Pension, Income from One House Property (excluding losses brought forward from previous years), Income from Other Sources (excluding winnings from lottery and income from race horses), and agricultural income up to Rs 5000.

    Do not use ITR-1 (SAHAJ) if:
    1.  Your total income exceeds Rs 50 lakh.
    2.  Your agricultural income exceeds Rs 5000.
    3.  You have taxable capital gains.
    4.  You have income from business or profession.
    5.  You have income from more than one house property.
    6.  You are a director in a company.
    7.  You have invested in unlisted equity shares during the financial year.
    8.  You own assets (including financial interest in any entity) outside India or have signing authority in any account located outside India.
    9.  You are a resident not ordinarily resident (RNOR) or non-resident.
    10. You have any foreign income.
    11.  You are assessable with respect to the income of another person from which tax is deducted.
    12.  Tax has been deducted under Section 194N.
    13.  Payment or deduction of tax has been deferred on ESOP.
    14.  You have any brought forward loss or loss that needs to be carried forward under any income head.

                       You can check out Zeal's Service of filing ITR-1

    2) ITR-2

    Use ITR-2 if:
    1. You are an individual or a Hindu Undivided Family (HUF).
    2. Your total income for the Assessment Year 2024-25 includes income from Salary/Pension, House Property, and Other Sources (including winnings from lottery and income from horse racing).
    3. You are an Individual Director in a company.
    4. You have invested in unlisted equity shares during the financial year.
    5. You are a resident not ordinarily resident (RNOR) or non-resident.
    6.   You have income from Capital Gains.
    7.   You have any foreign income.
    8.   Your agricultural income exceeds Rs 5,000.
    9.   You own assets (including financial interest in any entity) outside India or have signing authority in any account located outside India.
    10. Tax has been deducted under Section 194N.
    11.  Payment or deduction of tax has been deferred on ESOP.
    12.  You have any brought forward loss or loss that needs to be carried forward under any income head.
    13.  You have income from trading of VDAs (Cryptocurrency).
    14.  Additionally, if the income of another person like your spouse or child is to be clubbed with your income and falls into any of the above categories, ITR-2 can be used.

    Do not use ITR-2 if:
    Your total income for the Assessment Year 2024-25 includes Income from Business or Profession. In such cases, you may need to use ITR-3 or ITR-4 for declaring these types of income.

    3) ITR-3

    ITR-3 Form is designated for individuals or Hindu Undivided Families (HUFs) with income from a proprietary business or those engaged in a profession. Eligible individuals or HUFs for filing ITR-3 include:

    1. Those engaged in a business or profession not opting for presumptive income.
    2. Those engaged in a business or profession who are required to maintain books of accounts and/or undergo auditing.
    3. Individual Directors in a company.
    4. Individuals who have invested in unlisted equity shares at any time during the financial year.
    5. The return may also include income from House property, Salary/Pension, and Income from other sources.
    6. Income of a person as a partner in a firm.

    In summary, individuals or HUFs ineligible to file ITR-1, ITR-2, and ITR-4 should file ITR-3.

    4) ITR-4

    ITR-4 is applicable to individuals, Hindu Undivided Families (HUFs), and Partnership firms (excluding LLPs) who are residents, and their total income comprises:

    1. Business income under the presumptive income scheme as per sections 44AD or 44AE.
    2. Professional income under the presumptive income scheme as per section 44ADA.
    3. Income from salary or pension up to Rs 50 lakh.
    4. Income from one house property, not exceeding Rs 50 lakh (excluding brought forward losses).
    5. Income from other sources, not exceeding Rs 50 lakh (excluding income from lottery and horse racing).

    Individuals earning income from the above mentioned sources as freelancers can also opt for the presumptive scheme if their gross receipts are under Rs 50 lakhs (from FY 2023-24, if the cash receipt is less than 5% of their gross receipt then the limit will be Rs.75 lakhs).

    However, if the business turnover surpasses Rs 2 crore (from FY 2023-24, if the cash receipt is less than 5% of their gross receipt then the limit will be Rs.3 Crore), taxpayers must file ITR-3.

    Who should not use ITR-4:
    1.   Individuals with a total income exceeding Rs 50 lakh or 75 lakhs, as the case may be.
    2.  Individuals with income from more than one house property.
    3.  Those owning foreign assets or having signing authority in accounts outside India.
    4.  Individuals with income from any source outside India.
    5.  Directors in a company.
    6.  Individuals who invested in unlisted equity shares during the financial year.
    7.  Residents who are not ordinarily residents (RNOR) and non-residents.
    8.  Individuals with foreign income.
    9.  Those assessable for another person's income where tax is deducted at the source.
    10. Individuals with deferred tax payments or deductions on ESOP.
    11.  Those with any brought forward losses or losses to be carried forward under any income head.

    5) ITR-5

    ITR-5 is designated for the following entities:
    1. Firms
    2. LLPs (Limited Liability Partnerships)
    3. AOPs (Association of Persons)
    4. BOIs (Body of Individuals)
    5. Artificial Juridical Person (AJP)
    6. Estate of deceased
    7. Estate of insolvent
    8. Business trust
    9. Investment fund.

    6) ITR-6

    For companies other than those claiming exemption under section 11 (Income from property held for charitable or religious purposes), this return must be filed electronically only.



    You can check out Zeal's Service of filing ITR-6

    7) ITR-7

    For individuals and entities, including companies, obligated to submit returns under various sections:

    I. Return under section 139(4A): Required for every individual receiving income from property held under trust or other legal obligation, wholly or partly for charitable or religious purposes.

    II. Return under section 139(4B): Mandated for political parties if their total income exceeds the maximum amount not chargeable to income tax, without considering the provisions of section 139A.

    III. Return under section 139(4C): Necessary for:
      - Scientific research associations
      - News agencies
      - Associations or institutions specified in section 10(23A)
      - Institutions specified in section 10(23B)
      - Funds, institutions, universities, educational institutions, hospitals, or medical institutions.

    IV. Return under section 139(4D): Compulsory for universities, colleges, or other institutions that don't need to file under any other provision.

    V. Return under section 139(4E): Must be filed by every business trust if not obliged to furnish a return of income or loss under any other provisions.

    VI. Return under section 139(4F): Required for any investment fund referenced in section 115UB, if not obligated to submit a return of income or loss under any other provisions.

    Conclusion

    Understanding Income Tax Returns (ITR) is crucial for taxpayers. Choose the right form based on income sources and total income. Mandatory filing depends on income thresholds and specific circumstances.

    If you want to know more, click on the link below and schedule a consultation with us.

    Schedule a consultation
    ]]>    Wed, 03 Apr 2024 06:22:13 +0000    <![CDATA[Everything about Tax Deducted at Source (TDS)]]>https://www.zealconsultancy.co.in/blogs/post/Everything-about-Tax-Deducted-at-SourceStory of subtracting taxes from the recipient's income for remittance to the Government]]>

    Tax Deducted at Source

    Introduction​


    The concept of Tax Deducted at Source (TDS) was introduced to collect taxes directly from the source of income. Under this concept, a person (deductor) responsible for making specified payments to another person (deductee) is required to deduct tax at the source and remit the amount to the Central Government. The deductee, from whose income tax has been deducted at source, can claim credit for the deducted amount based on Form 26AS or the TDS certificate issued by the deductor.

    Entities, both corporate and non-corporate deductors, making payments specified under the Income Tax Act to third parties (deductees) must deduct Tax Deducted at Source (TDS) from these payments. The deducted tax is then deposited at designated branches of banks authorized to collect taxes on behalf of the Government of India. Additionally, deductors are required to furnish TDS returns electronically containing details of the deductees and challan details related to the deposit of tax to the Income Tax Department (ITD).

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    Forms prescribed for filing TDS returns depending upon the nature of the TDS deduction

    FORM PARTICULARS
    Form 24Q
    		The quarterly statement for tax deducted at source (TDS) from “Salaries.”
    Form 26Q
    		The quarterly statement for tax deducted at source in respect of all payments except ‘salaries.’
    Form 27Q
    		Quarterly statement of deduction of tax from interest, dividend, or other sum payable to non-residents or foreign companies.
    Form 26QB
    		Statement of TDS deducted against the payment made for immovable property.
    Form 26QC
    		It is a challan cum statement of deduction of tax u/s 194-IB against the tax deducted on the rent of the property.
    Form 27EQ
    		Quarterly statement of collection of tax at source (TCS)

    Form 24Q

    Form 24Q is a quarterly statement used for deducting tax at source from employees' salaries, as per Section 200(3) of the Income Tax Act. 

    Employers, acting as deductors, file this statement and include details like PAN (Permanent Account Number) of both the employer and employee, salary specifics, TDS details, and other relevant information. Submission of Form 24Q to the Income Tax Department is mandatory for employers, ensuring accurate reporting of TDS on salary payments. Compliance with filing this form every quarter is essential for employers.

    Form 26Q

    Form 26Q is a quarterly statement that shows the deduction of taxes according to sections 200(3), 193, and 194 of the Income-tax Act. It covers payments other than salary for the specific quarter. 

    The form includes details such as challan information, information about the deductor and deductee. If the deductor has not deducted or deducted at a lower rate, the form requires reasons to be provided.

    TDS under below sections are covered in Form 26Q:
    SectionNature of Payment
    193Interest on securities
    194Dividend
    194AInterest other than interest on securities
    194BWinning from lotteries and crossword puzzles
    194BBWinnings from horse race
    194C
    		Payment of contractor and subcontractor
    194DInsurance commission
    194EE
    		Payment in respect of deposit under (NSS) national saving scheme
    194FPayments on account of repurchase of units by mutual funds or UTI
    194GCommission, prizes, etc., on sale of lottery tickets
    194HCommission or brokerage
    194IRent
    194JFees for professional or technical services
    194LAPayment of the Compensation on acquisition of certain immovable property
    194LBACertain income from compensation on acquisition of certain immovable property
    194DAPayment in respect of life insurance policy
    194LBBIncome in respect of units of investment fund
    194IAPayment on transfer of certain immovable property excluding agriculture land
    194LCTDS on income by way of interest from an Indian Company or a business trust
    194LDTDS on income by way of interest on certain bonds and Government Securities
    194LBCIncome in respect of investment in securitization trust
    192APayment of accumulated balance due to an employee from the trustees of the Employees’ Provident Fund Scheme, 1952
    194NTDS on cash withdrawal in excess of Rs 1 crore
    194MTDS on payment to resident contractors and professionals
    194OTDS on E Commerce Transactions under Section 194O with effect from 01st April 2020

    Form 27Q

    Form 27Q is a quarterly report that outlines the deduction of taxes under section 200(3) of the Income Tax Act. It applies to payments, excluding salary, made to non-residents and foreigners during a specific quarter. The income sources subject to TDS deduction include interest income, bonuses, and other amounts owed to NRIs.

    Form 26QB

    According to Section 194-IA of the income tax act, TDS applies when selling immovable property for more than Rs 50 lakhs. The buyer deducts 1% tax and pays it to the seller. This rule doesn't apply to transactions involving agricultural land. 

    TDS, along with Form 26QB, must be submitted within 30 days from the month-end when TDS was deducted. The person deducting TDS provides Form 16B to the payee within 15 days from the due date of filing Form 26QB.

    Form 26QC

    Under Section 194IB, individuals and HUFs renting properties above Rs 50,000 must deduct 5% TDS annually. This TDS is to be paid within 30 days of deduction, using Form 26QC. 

    The taxpayer/tenant needs to provide Form 26QC in two cases: at the end of the fiscal year or when vacating the premises/terminating the agreement, especially if it falls within the same fiscal year.

    Due Dates of filing TDS return form

    TDS return due dates vary by quarter in a financial year. Here are the due dates for filing 24Q, 26Q, and 27Q:
    Quarter Due date
    April to June
    		31st July
    July to September
    		31st October
    October to December
    		31st Jan
    January to March
    		31st May
    Due date of filing of Form 26QB:

    The property buyer, known as the deductor, must file Form 26QB online—a combined payment and declaration statement. This form needs to be submitted within 30 days from the end of the month in which the payment or deduction occurred. There is no need to file a separate TDS return for this deduction.

    Due date of filing of Form 26QC:

    Pay your tax online using Form 26QC within 30 days from the end of the financial year or the day the property is vacated. For example, if tax is deducted in March, the deadline to deposit the tax and file 26QC is April 30, 2020.

    Due date of furnishing of Form 27EQ:
    Quarter Due date
    April to June
    		15th July
    July to September
    		15th October
    October to December
    		15th January
    January to March
    		15th May

    Consequences of filing late TDS return



    Failing to submit the TDS return by the due date incurs a penalty of Rs 200 per day until the issue is resolved. The penalty, however, cannot exceed the total TDS amount.

    TDS certificate & due date of issuing TDS certificate

    A TDS certificate is required to be issued by the person deducting TDS to the assessee from whose TDS was deducted.

     

    Different TDS certificates and their due dates are as follows:-

    Form no. Description
    		Periodicity
    		Due date
    Form No. 16
    		TDS from salary
    		Annual
    		On or before June 15 of the financial year immediately following the financial year in which tax is deducted or such date to be extended by the income tax department
    Form no. 16A
    		TDS from other than Salary
    		Quarterly
    		Upto 15 days from the due date of furnishing quarterly TDS returns
    Form No. 16B
    		TDS u/s 194-IA
    		 Within 15 days from the due date of furnishing challan in Form No. 26QB
    Form No. 16C
    		TDS u/s 194-IB
    		 

    Within 15 days from the due date of furnishing challan in Form No. 26QC

    I hope this guide provided a helpful overview of TDS returns, forms and deadlines. If you find filing TDS returns confusing or intimidating, consider seeking professional help. You can contact us at 9930623006 or admin@zealconsultancy.co.in

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