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<h1>Form 26QD: Statutory challan and return for TDS under Section 194M on payments for work, commission, brokerage, fees</h1> Challan-cum-statement Form 26QD records deduction and deposit of tax under section 194M for payments to persons for work, commission, brokerage or professional fees. It requires anonymized identifiers (PAN/Aadhaar) and contact details for deductor and deductee, nature and date of contract, aggregate payments, payment/credit and deduction dates, rate and amount of tax deducted, reference to any section 197 certificate for non-/lower deduction, indication if higher rate under section 206AB applies, and detailed payment breakdown (TDS, interest, fee) with mode and date of deposit. The form is the statutory challan and return for reporting such TDS.
TaxTMI