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Home > TDS > TCS On Receipts

TCS On Receipts | Form 27EQ Filing

Section 206C(1) requires that sellers of certain goods are required to collect tax from the buyers at specified rates. The sellers are required to collect taxes and file the returns in Form 27EQ.


It is the responsibility of Seller (Collect) to collect the taxes, pay the taxes to Government and file the TCS returns in Form 27EQ . Buyer is called Collectee.




TCS On Receipts | Form 27EQ Filing | EZTax.in

This document covers

  1. What is Form 27EQ?
  2. Sections covered in Form 27EQ
  3. Rate of TCS
  4. Due Dates for Filing Form 27EQ
  5. Details required for Form 27EQ
  6. Form 27D
  7. Next Steps

1. What is Form 27EQ?

Form 27EQ is TCS Return. Form 27EQ is a quarterly Statement of collection of tax at source on payments received. The person collecting the tax at source is required to prepare TCS quarterly statement in Form 27EQ and required to submit to NSDL.

More on Form 27EQ & Services
1. Form 27EQ TCS Return Service Plan & Pricing
2. Form 27EQ Self Service Filing
3. Form 27EQ Expert Filing Service

2. Sections covered in Form 27EQ

Following are the sections covered in Form 27EQ

  1. Sec 206CA (A) - Alcoholic liquor for human consumption
  2. Sec 206CB (B) -Timber obtained under a forest lease
  3. Sec 206CC (C) - Timber obtained under any mode other than forest lease
  4. Sec 206CD (D) - Any other forest product not being timber or tendu leave
  5. Sec 206CE (E) – Scrap
  6. 206CF (F) - Parking Lot
  7. 206CG (G) - Toll Plaza
  8. Sec 206CH (H) -Mining and Quarrying
  9. Sec 206CI (I) -Tendu leaves
  10. Sec 206CJ (J) -Collection at source from on sale of certain Minerals
  11. Sec 206CK (K) -Collection at source on cash case of Bullion and Jewellery
  12. Sec 206CL (L) -Sale of Motor vehicle
  13. Sec 206CM (M) -Sale in cash of any goods
  14. Sec 206CN (N) -Providing of any services
  15. Section 206CO(O) -Overseas Tour Program Package
  16. Section 206CP(P) - Remittance under LRS for education loan taken from financial institution mentioned under section 80E
  17. Section 206CQ(Q) - Remittance under LRS (for purpose other than for purchase of overseas tour package or for education loan taken from financial institution mentioned under section 129 of IT Act 2025 (section 80E of IT Act 1961))
  18. Section 206CR(R) - Sale of Goods

NEW       NOTE :

CBDT has issued notification regarding the applicability of TCS on sale of following goods @ 1% of the value exceeds Rs 10 lakhs and it is effective from 22nd April 2025

  1. Any Wrist Watch
  2. Any art piece such as antiques, painting, sculpture
  3. Any collectibles such as coin, stamp
  4. Any Yacht, Rowing boat, Canoe, Helicopter
  5. Any pair of sunglasses
  6. Any bag such has handbag, purse
  7. Any pair of shoes
  8. Any sportswear and equipment such as golf kit, ski-wear
  9. Any Home Theatre system
  10. Any horse for horse racing in race clubs and horse for polo

3. Rate of TCS

S.NoNature of receiptCurrent TCS rate ( until 31st March 2026)Proposed TCS rates(applicable from 01st April 2026)
1Alcoholic liquor for human consumption1%2%
2Tendu leaves5%2%
3Timber or any other forest produce (not being tendu leaves)] obtained under a forest lease2%2%
4Timber obtained by any mode other than a forest lease2%2%
5Timber obtained by any mode other than a forest lease2%2%
6Scrap1%2%
7Minerals, being coal or lignite or iron ore1%2%
8Parking lot2%2%
9Toll plaza2%2%
10Mining and Quarrying2%2%
11Foreign Tours and Travel (Overseas tour packages)
  1. 5% of amount or aggregate of amounts up to Rs 10 lakhs
  2. 20% of amount or aggregate of amounts exceeding Rs 10 lakhs
2% in all cases
12Remittance under LRS for the purpose of education or medical treatment5%2%
13Remittance under LRS for purposes other than education or medical treatment20%20%

4. Due Dates for Filing Form 27EQ

Form 27EQ is required to be filed on quarterly basis. The following are the due dates for filing form 27EQ

  1. For April to June – July 15
  2. For July to Sep – Oct 15
  3. For Oct to Dec – Jan 15
  4. For Jan to March – May 15


5. Details required for Form 27EQ

The following are the details required for Form 27EQ filing

  1. TAN and PAN of Collector (Seller).
  2. Address of Collector (Seller).
  3. PAN and Address of Responsible Person (Director in case of Pvt Ltd, Partner in case of Partnership/LLP. Proprietor in case of Proprietorship).
  4. Challans Paid.
  5. Name and Pan of Collectees.
  6. Date of Receipt and amount of Receipt.
  7. Collection Code (A/B/C/D/E/F/G/H/I/J/K/L/M/N/O/P/Q/R).
  8. Rate of tax Collection.
  9. Date Of tax collection.


6. Form 27D

Form 27D is the TCS certificate to be issued by Seller (Collector) to Buyer (Collectee) in respect of tax collected in respect of payment received. Form 27D should be given by the Seller to Buyer within 15 days of Form 27EQ filing unless due dates extended


7. Next Steps

Contact Team EZTax.in to prepare TDS and file your taxes either through Expert Services or through Online Software @ EZTax.in TDS

How to get help from EZTax.in



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.