Form 27EQ Filing Made Easy

Due Dates, Rules & Step-by-Step Filing Guide

If you are a business, company, or government office deducting or collecting Tax Collected at Source (TCS) under the Income Tax Act, you must be familiar with Form 27EQ. Filing Form 27EQ is a mandatory compliance requirement under the TDS/TCS provisions, and failure to file it correctly can attract penalties.

In this blog, we’ll explain what Form 27EQ is, when and how it should be filed, and provide a step-by-step guide for accurate and timely submission for FY 2025–26 (AY 2026–27).

🧾 What is Form 27EQ?

Form 27EQ is a quarterly statement that must be filed by entities who have collected TCS (Tax Collected at Source) under Section 206C of the Income Tax Act. It includes details of:

• The amount collected from buyers

• The nature of the goods or services

• TCS rates and amounts

• PAN of deductees

• Payment challan details

Form 27EQ applies to corporates, government offices, and non-government deductors collecting TCS on transactions such as sale of alcohol, scrap, minerals, motor vehicles, foreign remittance, etc.

📅 Due Dates for Filing Form 27EQ

Filing deadlines for each quarter of the financial year are as follows:

⚠️ Late filing may attract a penalty of ₹200 per day under Section 234E.

🗂️ Who is Required to File Form 27EQ?

• Companies and Firms collecting TCS

• Government departments

• Local authorities

• Any person liable to collect tax at source under Section 206C

Both residents and non-residents can be reported in this form.

📜 Key Sections Covered Under TCS

Here are a few examples of transactions covered under TCS:

💻 How to File Form 27EQ Online – Step-by-Step

1. Prepare the TCS Data
   Use Tally, accounting software, or manual records to compile:

   • Buyer details with PAN

   • TCS section, amount collected

   • Challan number and BSR code

2. Download and Install RPU & FVU
   Get the Return Preparation Utility (RPU) and File Validation Utility (FVU) from https://tin.tin.nsdl.com

3. Fill in Form 27EQ in RPU
   Enter deductor details, challan info, TCS collection details, and validate the file using FVU.

4. Login to TRACES or TIN NSDL
   Submit the validated FVU file either via:

   • https://www.tdscpc.gov.in (TRACES)

   • Or physically through a TIN-FC (for small filers)

5. Verify Using DSC or EVC
   Digital Signature (DSC) or Electronic Verification Code (EVC) is needed for online filing.

6. Download Form 27EQ Acknowledgment
   Once submitted, you’ll receive a 15-digit provisional receipt number. Keep this for your records.

📌 Penalty for Non-Compliance

• Late Filing Fee (Section 234E): ₹200 per day (max TCS amount)

• Penalty (Section 271H): ₹10,000 to ₹1,00,000 for non-filing or incorrect filing

Avoid these by filing accurately and on time.

Frequently Asked Questions