TDS RETURN QUIZ

What is the due date of filing of TDS Return for Quarter 4?

• March 31

• APRIL 30

• May 10

• May 31

Q2. Quarterly return for Tax deducted at Source from “Salary”?

• 24Q

• 26Q

• 27Q

• 27EQ

What is form number 27A?

•      It is a summary of e-TDS/TCS return (Form 24Q, 26Q, 27Q & 27EQ), which contains control totals of 'Amount Paid', 'Income tax deducted at source'& 'Tax Deposited (Total challan amount)'

•   It is a GST return Form.

•      Quarterly return for Tax deduted at source for all payment other than “salaries”.

• 1.       Quarterly return for Tax Collected at Source.

Answer explanation

1.       . It is a summary of e-TDS/TCS return (Form 24Q, 26Q, 27Q & 27EQ), which contains control totals of 'Amount Paid', 'Income tax deducted at source'& 'Tax Deposited (Total challan amount)'.

orm No. 27A is a control chart of quarterly e-TDS/TCS statements to be filed in paper form by deductors/collectors alongwith quarterly statements. It is a summary of e-TDS/TCS returns which contains control totals of ‘amount paid’ and ‘income tax deducted at source’. The control totals of ‘amount paid’ and ‘income tax deducted at source’ mentioned on Form No. 27A should match with the corresponding control totals in e-TDS/TCS return. A separate Form No. 27A is to be filed for each e-TDS/ TCS return.

Is PAN mandatory for deductors and employees/deductees?

• Yes

• NO

• It is optional.

• It is mandatory for only companies.

What is the late filing fees for Quarterly TDS return?

•    Rs.100/-per day

•    Rs.200/-per day

•    Rs.500/-per day

•      Rs. 1000/-per day.

Answer explanation

A late filing fee of Rs 200 per day is levied until the TDS return is filed. The amount of late fees shall not exceed the amount of TDS.

Where a person fails to file the statement of tax deducted/collect at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then assessing officer may direct such person to pay penalty under section?

• 271H

• 270A

• 271C

• 270d

Minimum amount of penalty under section 271H?

• Rs.1000/-

•    Rs. 5000/-

•     Rs. 10,000/-

•     Rs. 20,000/-

No penalty under section 271H will be levied in case of delay in filing the TDS/TCS return if following conditions are satisfied ?

•    The tax deducted/collected at source is paid to the credit of the Government.

•     Late filing fees and interest (if any) is paid to the credit of the Government.

•   The TDS/TCS return is filed before the expiry of a period of one year from the due date specified in this behalf.

•     All the above.

Maximum amount of Penalty under section 271H?

• Rs.1,00,000/-

• Rs.5,00,000/-

• Rs.10,00,000/-

• Rs.50,000/-

If I want to check BIN view for Quarterly TDS return i will go to ?

•   TIN NSDL

•   Income Tax e-filing

•      TRACES

•       PFMS

Answer explanation

e Book Identification Number (BIN) is issued to the deductor on the NSDL Tax information Network.