Form 27EQ, Download Income Tax Form 27EQ in PDF Format

FORM NO. 27EQ for Quarterly Statement of Tax Collection at Source. Every collector, shall in accordance with the provisions of the proviso to sub-section 206C, deliver, or cause to be delivered, to the director general of income tax or the person authorised a quarterly statement in form no. 27EQ

(1) Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:—

(a)  Statement of deduction of tax under section 192 in Form No. 24Q;

(b)  Statement of deduction of tax under sections 193 to 196D in—

 (i)  Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and

(ii)  Form No. 26Q in respect of all other deductee

(2) Statements referred to in sub-rule (1) for the quarter of the financial year ending with the date specified in column (2) of the Table below shall be furnished by—

 (i)  the due date specified in the corresponding entry in column (3) of the said Table, if the deductor is an office of Government; and

(ii)  the due date specified in the corresponding entry in column (4) of the said Table, if the deductor is a person other than the person referred to in clause (i)

TABLE

(3) (i) The statements referred to in sub-rule (1) may be furnished in any of the following manners, namely:—

(a)  furnishing the statement in paper form;

(b)  furnishing the statement electronically in accordance with the procedures, formats and standards specified under sub-rule (5) alongwith the verification of the statement in Form 27A.

(ii)  Where,—

(a)  the deductor is an office of the Government; or

(b)  the deductor is the principal officer of a company; or

(c)  the deductor is a person who is required to get his accounts audited under section 44AB in the immediately preceding financial year; or

(d)  the number of deductee’s records in a statement for any quarter of the financial year are twenty or more,

the deductor shall furnish the statement in the manner specified in item (b) of clause (i).

(iii)  Where deductor is a person other than the person referred to in clause (ii), the statements referred to in sub-rule (1) may, at his option, be delivered or cause to be delivered in the manner specified in item (b) of clause (i).

(4) The deductor at the time of preparing statements of tax deducted shall,—

  (i)  quote his tax deduction and collection account number (TAN) in the statement;

 (ii)  quote his permanent account number (PAN) in the statement except in the case where the deductor is an office of the Government;

 (iii)  quote the permanent account number of all deductees;

 (iv)  furnish particulars of the tax paid to the Central Government including book identification number or challan identification number, as the case may be;

(v)  furnish particulars of amount paid or credited on which tax was not deducted in view of the issue of certificate of no deduction of tax under section 197 by the Assessing Officer of the payee;

 (vi) furnish particulars of amount paid or credited on which tax was not deducted in view of the compliance of provisions of sub-section (6) of section 194C by the payee;

(vii) furnish particulars of amount paid or credited on which tax was not deducted in view of the furnishing of declaration under sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A by the payee.

(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing of the statements and shall be responsible for the day-to-day administration in relation to furnishing of the statements in the manner so specified.

(6) Where a statement of tax deducted at source is to be furnished for tax deducted before the 1st day of April, 2010, the provisions of this rule and rule 37A shall apply as they stood immediately before their substitution or omission by the Income-tax (Sixth Amendment) Rules, 2010.

FORM NO. 27EQ

(See section 206C and rule 31A)

 

Quarterly statement of Tax Collection at Source under section 206C of Income-tax Act, 1961 for the quarter ended June/September/December/March (tick whichever applicable)
(year)

 

 

 

2. Particulars of the collector

 

 

3. Particulars of the person responsible for collection of tax

 

 

 

 

4. Details of tax collected at source and paid to the credit of Central Government :

 

 

 

5. Details of amounts paid and tax collected (See Annexure)

 

Verification

I,
, hereby certify that all the particulars furnished above are correct and complete.

Place:	Signature of person responsible for collecting tax at source
Date:	Name and designation of person responsible for collecting tax at source

Annexure
Party wise break-up of TCS
(Please use separate Annexure for each line – item in the table at
S. No. 04 of main Form 27EQ)
Details of amount paid/debited during the quarter ended      (DD-MM-YYYY) and of tax collected at source

Verification
I,

hereby certify that all the particulars furnished above are correct and complete.