Deposition of Form 26Q, 24Q, 27Q

[d.v. gupta]

WE HAVE TAKEN TAN NO AND DEDUCTED TDS UNDER section 194C ONLY IN IVTH QTR 2008-09 F.Y. WHETHER WE SHOULD DEPOSIT FORM NO 26Q ONLY OR FORM NO 24Q AND 27Q ALSO TO COMPLY THE PROVISION OF TDS FOR TDS RETURN. KINLY ADVISE

[Markesh Antony]

When there is no TDS on salary or Non residents, thee is requirement of furnishing of TDS return in form 24Q and 27Q for the F.Y 2008-09. You furnish the return in form 26Q only.

AI Summary

TDS return filing: where only contractor payment tax was deducted, file the non-salary quarterly return only. Where tax was deducted solely on contractor payments and there were no salary withholdings and no withholdings on non-residents for the year, the payer need furnish only the quarterly TDS return applicable to non-salary deductees (i.e., the return for contractor/non-salary payments) and is not required to file the salary or non-resident TDS returns.