Quarterly Statement of TCS Deposited for the Quarter Ended 30 June 2026 (Form 27EQ)

Businesses and other persons responsible for collecting Tax Collected at Source (TCS) are required to file a quarterly TCS statement with the Income-tax Department. For the quarter ending 30 June 2026, timely filing of Form 27EQ is essential to ensure proper reporting of TCS collections and credit to collectees.

What is Form 27EQ?

Form 27EQ is the prescribed quarterly statement for reporting tax collected at source under Section 206C of the Income-tax Act. It contains details such as:

• Tax Collector's TAN and PAN

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• Collectee-wise TCS details

• Nature of transactions

• Amount collected and deposited

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• Challan details

• Applicable TCS section and rate

The filing requirement is governed by Rule 31AA of the Income-tax Rules, which prescribes the form and due dates for quarterly TCS statements. (Indian Kanoon)

Due Date for Quarter Ending 30 June 2026

For the April–June 2026 quarter, the due date for filing Form 27EQ is:

15 July 2026

This due date is prescribed under Rule 31AA(2) of the Income-tax Rules. (Indian Kanoon)

Who is Required to File?

Every person responsible for collecting tax at source under Section 206C is required to file Form 27EQ, including businesses collecting TCS on transactions covered under the Income-tax Act.

Examples include eligible transactions where TCS is applicable under various provisions of Section 206C.

Important Information to be Reported

While preparing Form 27EQ, ensure the following details are accurate:

• Collector's TAN and PAN

• Collectee PAN/Aadhaar, wherever applicable

• Nature of collection

• Amount received

• TCS amount collected

• Challan Identification Number (CIN) or Book Identification Number (BIN), where applicable

• Correct section code and applicable TCS rate

Incorrect PAN, challan mismatches or reporting errors may require filing a correction statement later.

Why Timely Filing Matters

Filing Form 27EQ within the prescribed due date helps:

• Ensure TCS credit reflects correctly in the collectee's tax records.

• Facilitate generation of Form 27D (TCS Certificate) through the TRACES portal.

• Reduce compliance issues and future correction filings.

• Maintain proper statutory compliance under the Income-tax Act. (Etds)

Consequences of Delay

Failure to file the quarterly TCS statement on time may attract:

• Late filing fee under Section 234E, subject to the prescribed limits.

• Penalty proceedings under Section 271H, where applicable, subject to the provisions of the Act.

Timely compliance helps avoid unnecessary interest, penalties, and administrative complications. (Etds)

Key Compliance Checklist

Before filing Form 27EQ, verify that:

• All TCS collections for the quarter have been deposited.

• Challan details are correctly matched.

• PAN details of collectees are validated.

• Transaction values and TCS amounts are accurate.

• The return is validated before submission.

Conclusion

The quarterly filing of Form 27EQ for the quarter ended 30 June 2026 is an important compliance requirement for every TCS collector. Accurate and timely reporting ensures seamless credit to collectees and minimizes the risk of notices, penalties, and correction statements.

For expert guidance on this topic, contact your tax professional today.

EXCERPT: Form 27EQ for the quarter ended 30 June 2026 must be filed by eligible TCS collectors. Learn the due date, compliance requirements, and key points.

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