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TCS Return Filing

Quarterly TCS return filing for collectors. Form 27EQ preparation for tax collected at source on specified goods, services, and transactions.

Overview

TCS (Tax Collected at Source) applies to sellers of specified goods (scrap, timber, minerals, etc.), overseas remittances (LRS), and high-value sales. Collectors must file quarterly Form 27EQ. TCS rates vary from 0.1% to 5% depending on nature. Non-filing attracts Rs. 200/day penalty.

Key Features
Form 27EQ filing
TCS rate verification
Collectee data management
Challan reconciliation
Form 27D generation
Correction statements
Documents Required
  • TAN of Collector
  • Collectee Details (PAN, sales, TCS)
  • Nature of Transaction
  • Challan Details
  • Previous Quarter Returns
  • Sales Register
Process & Timeline
1

Transaction Review

Day 1

Identify TCS applicable transactions

2

Data Compilation

Day 1-2

Gather collectee and challan data

3

Return Preparation

Day 2-3

Prepare Form 27EQ

4

Filing

Day 3-5

Upload on TRACES portal

Pricing
Starting ₹1,999

Timeline: 3-5 Days

*Govt fees extra where applicable

  • TCS Applicability Review
  • Return Preparation
  • Challan Verification
  • TRACES Filing
  • Form 27D Generation
  • Filing Receipt
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* Required fields. Government fees extra; timelines subject to department processing.