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

Sl. No.

Date of ending of the quarter of the financial year

Due date

Due date

(1)

(2)

(3)

(4)

1.

30th June

31st July of the financial year

15th July of the financial year

2.

30th September

31st October of the financial year

15th October of the financial year

3.

31st December

31st January of the financial year

15th January of the financial year

4.

31st March

15th May of the financial year immediately following the financial year in which deduction is made

15th May of the financial year immediately following the financial year in which deduction is made.

(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)

 

 

1.(a)TAN
(b)PAN
(c)Financial year
(d)Assessment year
(e)Has any statement been filed earlier for this quarter (Yes/No.)
(f)If answer to (e) is ‘Yes’, then provisional receipt No. of original statement

 

2. Particulars of the collector

 

(a)Name
(b)Branch/division (if any)
(c)Address
Flat No.
Name of the premises/building
Road/street/lane
Area/location
Town/City/District
State
Pin Code
Telephone No.
E-mail

 

3. Particulars of the person responsible for collection of tax

 

(a)Name
(b)Address
Flat No.
Name of the premises/building
Road/street/lane
Area/location
Town/City/District
State
Pin Code
Telephone No.
E-mail

 

 

 

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

 

Sr. No.

Collection code1

TCS Rs.

Surcharge Rs.

Education Cess Rs.

Interest Rs.

Others Rs.

651

652

653

654

655

656

657

 

Sr. No.

Total tax deposited Rs. (653+654+655+656+657)

Cheque/DD No. (if any)

BSR code

Date on which tax deposited

Transfer voucher/Challan Serial No.2

Whether TCS deposited by book entry ? Yes/No3

651

658

659

660

661

662

663

 

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

BSR code of branch where tax is deposited_
Name of Collector
Date on which tax deposited (dd-mm-yyyy)
Challan Serial No.
Collection Code under which payment made1TAN
Total TCS to be allocated among parties as in the vertical total of col. 676
Interest
Others
Total of the above

Sr. No.Party code

(01-Company

02-other than Company)

Unique Transaction

Number (UTN)

PAN of the partyName of the partyTotal value of the purchase(s)Amo-unt paid

/debited Rs.

Date

of which amount paid/debited

Paid

by book entry

or other-wise

TCSSurchargeEducation CessTotal tax collected (672+ 673+ 674) Rs.Total tax deposited Rs.Date of

collection

Rate

at which

collected

Reas-on for non-collection/

lower colle-ction2

664665680666667668669670671672673674675676677678679
1
2
3
4
5
Total

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


 

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