How To Fill Form 27q Online: Fill & Download for Free

Income tax department and NSDL require the individual to file the e-TDS in different formats depending upon the type of payments. So, the accountant or you should choose it based it on the same.Annual eTDS returns are to filed through Form 24, 26 and 27.Annual eTCS is supposed to be filed in Form 27E.Quarterly return has to be filed in Form 24Q, 26Q, 27Q and 27EQ.Things To Note when Filling Up The TDS Forms:Here are things one needs to ensure for successful eTDS acceptance:The Control Chart in Form 27A must be duly filled for all the columns. This has to be then verified and in hard copy form along with the e-TDS returnon computer media.The Control totals of the amount paid as well as the tax deducted at source has to be mentioned clearly and has to be the same in all the forms including Form No.27A, Form No. 24, Form No. 26 and Form No.27.The individual needs to clearly mention their Tax deduction Account Number (TAN) in the Form No.27A. This is similar to as it is done in the case of the e-TDS return. This is dictated by ‘sub-section (2) of section 203A of the Income-tax Act in india’.While filing one must make sure to fill the details that are related to the depositing of tax that is deducted at source in the table specifically ‘item No.6 of Form No.24’ or ‘item No.4 of Form No.26’ or ‘item No.4 of Form No.27’, generally.The basic structure that has to be used for e-TDS return prescribed by the concerned department is compulsory or rather mandatory to follow. It also, helps since you have uniformity and better understanding of how to fill the forms. It is compulsory to write the Bank Branch code or the BSR code. The BSR code is generally referred to the 7 digit code which is given to banks by Reserve Bank of India. This is however different from the branch code that we use otherwise. This OLTAS challan generally has this number or it can be taken from the bank branch or you could even log on to www.tin-nsdl.comand get it. It is absolutely a must to mention the BST code both both in the details of the challan as well as the deductee details. Do not leave this field blank, ever. Transfer of tax with through book entry is conducted by Government deductees hence the BSR code must not be left blank.The E-TDS must be filed in the ASCII clean text format. For this, the individual may use a software of their choice such as Computax, MS Excel or Tally. the individual may also use ERP or even the NSDL software Return Preparation Utility (e-TDS RPU-Light) to file the TDS return online. It is important to ensure that the online TDS file formats be in the requested format and must come with 'txt' as the filename extension.

Income tax department and NSDL require the individual to file the e-TDS in different formats depending upon the type of payments. So, the accountant or you should choose it based it on the same.Annual eTDS returns are to filed through Form 24, 26 and 27.Annual eTCS is supposed to be filed in Form 27E.Quarterly return has to be filed in Form 24Q, 26Q, 27Q and 27EQ.Things To Note when Filling Up The TDS Forms:Here are things one needs to ensure for successful eTDS acceptance:The Control Chart in Form 27A must be duly filled for all the columns. This has to be then verified and in hard copy form along with the e-TDS return on computer media.The Control totals of the amount paid as well as the tax deducted at source has to be mentioned clearly and has to be the same in all the forms including Form No.27A, Form No. 24, Form No. 26 and Form No.27.The individual needs to clearly mention their Tax deduction Account Number (TAN) in the Form No.27A. This is similar to as it is done in the case of the e-TDS return. This is dictated by ‘sub-section (2) of section 203A of the Income-tax Act in india’.While filing one must make sure to fill the details that are related to the depositing of tax that is deducted at source in the table specifically ‘item No.6 of Form No.24’ or ‘item No.4 of Form No.26’ or ‘item No.4 of Form No.27’, generally.The basic structure that has to be used for e-TDS return prescribed by the concerned department is compulsory or rather mandatory to follow. It also, helps since you have uniformity and better understanding of how to fill the forms. It is compulsory to write the Bank Branch code or the BSR code. The BSR code is generally referred to the 7 digit code which is given to banks by Reserve Bank of India. This is however different from the branch code that we use otherwise. This OLTAS challan generally has this number or it can be taken from the bank branch or you could even log on to www.tin-nsdl.com and get it. It is absolutely a must to mention the BST code both both in the details of the challan as well as the deductee details. Do not leave this field blank, ever. Transfer of tax with through book entry is conducted by Government deductees hence the BSR code must not be left blank.The E-TDS must be filed in the ASCII clean text format. For this, the individual may use a software of their choice such as Computax, MS Excel or Tally. the individual may also use ERP or even the NSDL software Return Preparation Utility (e-TDS RPU-Light) to file the TDS return online. It is important to ensure that the online TDS file formats be in the requested format and must come with 'txt' as the filename extension.

Login on the TRACES Website as a taxpayer.Select option “Online Correction” under “26QB” tab to initiate correction request.Update the details which are required to be revised.Select the option to verify the request either through Netbanking/ Digital Signature/AO Approval..Correction will only be allowed on the following challan attributes:a) Buyer PANb) Seller PANc) Assessment Yeard) Major Head[ i.e. 20(corporate) and 21(Non-corporate)]2. No correction will be allowed for change of Minor Head (i.e. from minor head 800 to other taxes having minor heads 100, 200, 300 etc or vice versa) or Amount.3. The buyer of the property will submit an application requesting for correction in Form 26QB challan to the PAN Assessing Officer as per the jurisdiction of the buyer’s PAN.4. The buyer encloses a copy of the no objection letter from the seller on the affidavit (in original) along with such application.5. Then the application along with affidavit will be submitted to the jurisdictional CIT of the AO through Range Head.6. The Correction made if any will be reflected in Form 26AS of the seller