Understanding Form 24Q TDS return for quarter 4

A common query that companies have is regarding the filling out Form 24Q at the end of a financial year. There is always some ambiguity regarding how much information has to be submitted with Form 24Q in the different quarters.

This article will answer questions on what information in Form 24Q has to be filled and submitted for the different quarters of a financial year.

Form 24Q is the form for preparing eTDS returns for TDS deducted on salary under Section 192. Form 24Q is required to be submitted on a quarterly basis by the deductor. This form contains details of the salaries paid and TDS deducted from the employees.

The Form 24Q has two annexures–Annexure I and Annexure II. Annexure I contains details about the deductor, challans and deductees. There are no salary details in Annexure I. Annexure II contains the salary details.

Annexure I has to be filed and submitted for all four quarters of a financial year. Annexure II is not required to be submitted in the first three quarters. Annexure II has to be furnished submitted only for the fourth quarter of every financial year with the salary details of all employees for the entire financial year.

You know that you can easily prepare Form 24Q on the TaxCloud TDS software. It is just one of the many features that makes TaxCloud the preferred choice of thousands of CAs firms and enterprises across India.

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