Home > TDS > Service Plan Pricing > Form 27EQ TCS Return ServiceLast Updated: Dec 10th 2025
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A comprehensive list of frequently asked questions on TDS Returns On TCS Payments .
It is to be submitted for tax Collection at source for all the amounts received from buyers of Specified goods or services.
There will be a levy of Rs. 200.00 per day under section 427 of IT Act 2025 (section 234E of IT Act 1961), from the due date till the date when statement is filed.
If TCS statement is not filed for one year from the due date of filing, there would be a penalty of minimum Rs. 10,000.00 to Rs. 1,00,000.00 for not filing TDS / TCS statement under section 461 of IT Act 2025 (section 271H of IT Act 1961).
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.