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Home > TDS > Service Plan Pricing > Form 27EQ TCS Return ServiceLast Updated: Nov 05th 2022

Form 27EQ TCS Return Service Plan & Pricing

Service

  • Consultation and guidance in applicability of TDS, Challan Payments and Filing.
  • Income Tax E Filing and Traces Registration.
  • Filing of TDS Return(27EQ). More on TCS on Salaries Guide
  • Generation of Form 27D for the concerned Collectees.
  • Expert support through Email, phone & chat during the business hours.

Who should buy?

  • Any Person(Seller) who is selling goods or services which are notified by Government are required to collect TCS and file the TCS returns

Process

  • Upon receiving the documents, our expert will call you before starting the process.
  • Expert team will exchange the information thru email and phone calls, if necessary.
  • Filing of Form 27EQ.
  • Generation of Form 27D for the concerned deductees.
  • Estimated Processing Time : For Filing form 27EQ, it is 1-2 working days and For receipt of Form 27D, generally within 7-15 Working days.

Documents to be Submitted

  • TAN of the Seller.
  • Copy of PAN of Seller.
  • Address of the Seller.
  • Name, Address, PAN, e-mail Id & Mobile No of the person responsible for collecting TDS.
  • Copies of TCS Challan paid.
  • Details of Total Amount Collected, date of receipt.
  • PAN of all Collectees.
  • Nature of Goods sold or services provided.

Other Benefits

Every Service comes with the benefits such as

  • Faster Service
  • Uploading of FVU file
  • Post-Service follow-up
  • 27A PDF Report
  • General Guidance
TCS Payments (Form 27EQ)
Rs.1499
Market Price  Rs. 1999 

Consultation and guidance TDS, Challan Payments and Filing, Income Tax E Filing and Traces Registration, Filing of TDS Return(27EQ), Generation of Form 27D for the concerned Collectees

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FAQ's

A comprehensive list of frequently asked questions on TDS Returns On TCS Payments .

1.What is form-27EQ ?

It is to be submitted for tax Collection at source for all the amounts received from buyers of Specified goods or services.

2.What will be the consequences if I do the file TCS statement after due date ?

There will be a levy of Rs. 200.00 per day under section 234E, from the due date till the date when statement is filed.

3.What are the different types of payment under 27EQ ?
  1. Alcoholic Liquor for human consumption- 1%
  2. Tendu leaves-5%
  3. Timber-2.5%
  4. Forest produce other than Tendu leaves and Timber-2.5%
  5. Scrap- 1%
  6. Minerals being Coal or Lignite or iron ore-1%
  7. Sale of motor vehicle-1%
  8. Sale of goods more than Rs 50 lakhs- 0.1%
4.What is penalty for non-filing of TCS statements ?

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 271H.


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.