Various forms have been Prescribed for TDS returns. The form is to be filed with TRACES depending on the nature of TDS deduction:
Form 24Q: – TDS from salaries
Form 26Q: – TDS on all payments except salary
Form 27Q: – TDS for payments made to non-residents
Form 27EQ: – Quarterly statement consisting the details about tax collected at source
Form 27A: – It is a summary of TDS/TCS returns which contains control totals of ‘amount paid’ and ‘income tax deducted at source’. A separate Form No. 27A is to be filed for each TDS/TCS return.
Form 27B: – Form for furnishing information with the statement of collection of tax at source filed on computer media for the period ending.
Form 27C: – A document that can help in getting tax exemption from the tax deducted at the source. Both buyers and sellers can use this for all the goods specified in the Income Tax Act.
Apart from above there are various other TDS/TCS forms prescribed by the relevant authorities.