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TDS Returns Filing in Mumbai: 24Q, 26Q, 27Q, and 27EQ - Complete Quarterly Compliance

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: 24 March 2026 Verify Credentials →

24Q + 26Q: 24Q: Salary TDS (S.192). 26Q: Non-salary TDS to residents - rent (194I), professional fees (194J), contractor (194C), partner payments (194T)

27Q + 27EQ: 27Q: TDS on NRI/foreign payments (S.195) with DTAA treaty rates. 27EQ: TCS on scrap, timber, minerals (S.206C)

Due Dates: Q1: 31 Jul | Q2: 31 Oct | Q3: 31 Jan | Q4: 31 May (27EQ: 15th). TDS deposit by 7th monthly. Challan 281

Penalties: Late fee Rs 200/day (S.234E). Penalty Rs 10K-1L (S.271H). Interest 1.5%/month late deposit. 30% expense disallowance S.40(a)(ia)

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Overview What Are TDS Returns Who Files Services Process Documents Challenges Costs Due Dates Why Patron All TDS Forms FAQs

TDS Returns Filing in Mumbai: Complete Overview

📌 TL;DR - TDS Returns Services at a Glance

All 4 TDS forms: 24Q (salary), 26Q (non-salary), 27Q (NRI/foreign), 27EQ (TCS). Due: Q1 31 Jul, Q2 31 Oct, Q3 31 Jan, Q4 31 May. 27EQ: 15th. TDS deposit by 7th. Late fee Rs 200/day. Penalty Rs 10K-1L. 30% expense disallowance. S.194T partner TDS from FY 2025-26. DTAA treaty rates for 27Q. Mumbai = India's highest TDS volume city.

Mumbai generates the highest TDS filing volumes in India. BKC BFSI, Powai IT, BKC MNCs (foreign payments), Andheri MIDC (manufacturing + TCS), Fort/Marine Lines professional firms. Most businesses file 2-3 forms per quarter.

Form	TDS/TCS On	Due Date
24Q	Salary (S.192)	31 Jul/Oct/Jan/May
26Q	Non-salary residents (194A-194T)	31 Jul/Oct/Jan/May
27Q	NRI/foreign (S.195, DTAA)	31 Jul/Oct/Jan/May
27EQ	TCS (S.206C)	15 Jul/Oct/Jan/May
26QB	Property purchase (S.194IA)	30 days from month-end
Certificates	Form 16 (annual) \| Form 16A (quarterly)	15 Jun \| 15 days from due

Patron handles all four forms from Marine Lines. Related: TDS return filing (24Q/Form 16), payroll services, income tax return, accounting services.

Content is reviewed quarterly for accuracy.

What Are TDS Returns?

TDS returns are quarterly statements filed electronically by deductors reporting all Tax Deducted at Source and Tax Collected at Source, enabling the government to track collections and credit deductees' Form 26AS for income tax filing.

Four primary forms: 24Q (salary S.192), 26Q (non-salary 193-194T), 27Q (NRI/foreign S.195), 27EQ (TCS S.206C). Plus event-based: 26QB (property), 26QC (rent), 26QD.

Filed on TIN-NSDL/Protean. Certificates via TRACES. Related: TDS return filing (24Q), income tax return.

Key Terms for TDS Returns:

24Q: Salary TDS (S.192). Annexure I (all quarters) + Annexure II (Q4 = full-year salary). Generates Form 16. New/Old Regime handling.
26Q: Non-salary residents. Rent (194I), professional (194J), contractor (194C), commission (194H), partner (194T from FY 2025-26). Form 16A quarterly.
27Q: NRI/foreign (S.195). DTAA treaty rates. Tax Residency Certificate verification. BKC MNC royalty, technical fees, ECB interest.
S.194T (FY 2025-26): NEW - 10% TDS on partner salary/remuneration/commission/bonus/interest > Rs 20,000. Affects all Mumbai LLPs and firms.
S.40(a)(ia): 30% expense disallowed if TDS not deducted/deposited. Rs 5 Cr contractor fees = Rs 1.5 Cr disallowance. Critical for Mumbai corporates.
TRACES: tdscpc.gov.in. Form 16/16A download, C1-C5 corrections, challan verification, Form 26AS credit tracking across all forms.

TDS Filed

Which Mumbai Businesses File TDS Returns?

BFSI (BKC, Nariman Point): All 4 forms. 24Q (thousands of employees), 26Q (rent, professional, contractor), 27Q (foreign parent remittances), 27EQ. Largest TDS volumes. Payroll services.

IT/ITES (Powai, Andheri): 24Q (complex CTC) + 26Q (subcontractors, freelancers, rent). NRI directors = 27Q. TDS return filing (24Q).

MNCs (BKC, Nariman Point): Heavy 27Q: royalty, technical fees, ECB interest to foreign parent. DTAA treaty rates critical. Accounting services.

Manufacturing (MIDC, Thane-Belapur): 24Q + 26Q (contractor, transporter) + 27EQ (TCS on scrap). Company compliance.

Professional Firms (Fort, Marine Lines): 26Q for rent + professional fees. S.194T partner TDS from FY 2025-26. LLP compliance.

TDS Return Filing Services

Service	What We Do
Monthly TDS Computation	All sections: salary (192), interest (194A), contractor (194C), commission (194H), rent (194I), professional (194J), partner (194T), NRI (195). Each transaction mapped to correct section and rate
24Q Salary Returns	Quarterly with Annexure I + Q4 Annexure II. New/Old Regime. Form 16 generation. Detailed on dedicated 24Q/Form 16 page
26Q Non-Salary Returns	Resident payments: rent, professional, contractor, commission, interest, S.194T partner payments. 100-500 transactions/quarter from Tally/Zoho/QuickBooks. Form 16A generation
27Q NRI/Foreign Returns	S.195 payments with DTAA treaty rate application (India-US, UK, Singapore, Mauritius). Tax Residency Certificate verification. For BKC MNC royalty, technical fees, ECB interest
27EQ TCS Returns	Tax Collected at Source on scrap, timber, minerals, motor vehicles (S.206C). For MIDC/Thane manufacturers. Filed by 15th (earlier than TDS forms). Form 27D certificate
Form 16/16A Generation	Form 16 (annual, from 24Q Q4) by 15 June. Form 16A (quarterly, from 26Q/27Q) within 15 days. Bulk generation via TRACES. Distribution to all deductees
TRACES Corrections	C1-C5 corrections across all forms. Consolidated file download, RPU correction, FVU validation, re-upload. Multiple rounds handled. Within 5 working days
S.194T Implementation	NEW FY 2025-26: partner payment TDS at 10% on salary/remuneration/commission/bonus/interest > Rs 20K. For Fort/Marine Lines CA/law firms and LLPs. Captured in 26Q

Our Process

TDS Return Filing Process in Mumbai

Our 6-step process covers complete TDS compliance across all four forms - from correct rate identification through monthly deposit, quarterly preparation, filing, certificate generation, to reconciliation.

Step 1

Deduct TDS at Correct Rate and Section

Map every payment to correct section: salary (192), contractor (194C 1%/2%), professional (194J 10%), rent (194I 2%/10%), NRI (195 20%/DTAA), partner (194T 10%). Patron maps all payment types during initial setup for Mumbai clients.

All sections mappedRates verifiedDTAA checked (27Q)

Rates Set 01

Step 2

Deposit TDS by 7th of Following Month

Pay via Challan 281 on income tax portal. Consolidate all sections into single monthly deposit. Verify BSR code and CIN. March TDS by 30 April. Patron deposits by 5th - 2-day buffer for Mumbai clients.

Challan 281 paidBSR verifiedAll sections consolidated

Deposited 02

Step 3

Prepare Quarterly Returns Using NSDL RPU

Compile data for each applicable form (24Q/26Q/27Q/27EQ). Use NSDL RPU and validate with FVU. Single data extraction for all forms within 7 days of quarter end. 27Q: DTAA rates verified. 26Q: S.194T partner TDS included.

24Q+26Q+27Q preparedFVU validatedDTAA rates applied

Returns Ready 03

Step 4

File on TIN-NSDL/Protean Portal

Upload all validated files using employer TAN and digital signature. 27EQ by 15th (earlier deadline). Download Form 27A acknowledgment per form. Patron files within 10 days of quarter end for Mumbai clients.

All forms uploaded27A downloaded20-day buffer

Filed 04

Step 5

Generate and Issue TDS Certificates

Form 16 (annual, from 24Q Q4) by 15 June via TRACES. Form 16A (quarterly, from 26Q/27Q) within 15 days of filing. Form 27D (from 27EQ). Patron generates in bulk and distributes to all deductees.

Form 16 issuedForm 16A quarterlyAll certificates distributed

Certificates Issued 05

Step 6

Reconcile, Correct, and Respond to Notices

Match filed data with accounting records and deductees' Form 26AS. File TRACES C1-C5 corrections for any discrepancies. Respond to CPC-TDS demand notices. Maintain records 7+ years. Patron performs quarterly reconciliation.

26AS verifiedCorrections filedRecords maintained

Compliant 06

Documents Required for TDS Return Filing

TAN Certificate: Active Tax Deduction Account Number.
PAN of All Deductees: Employees, contractors, landlords, professionals, NRIs. Invalid = 20% TDS.
Payment Records: Invoice-wise: date, amount, payee, section, rate, TDS.
Challan 281 Receipts: Monthly deposits with BSR code, CIN, date, amount per section.
Tax Residency Certificate (27Q): For NRI/foreign deductees claiming DTAA rates.
Investment Declarations (24Q): S.80C/80D/HRA/LTA and regime choice.
Lower/Nil Deduction Certificates: S.197 certificates for reduced TDS rates.

Mumbai Tip: Businesses paying rent to multiple landlords (BKC/Nariman Point offices, Andheri coworking, Powai serviced offices) must verify each landlord's PAN and classify rent as 194I(a) (land/building 2%) or 194I(b) (plant/machinery 10%). Serviced office agreements bundling rent with services require careful bifurcation. Patron analyses rent agreements for correct TDS.

Common TDS Return Challenges in Mumbai

Challenge	Impact	How Patron Accounting Solves It
Multiple Forms Per Quarter	Most Mumbai businesses file 2-3 forms (24Q+26Q+27Q). Separate data, challan allocation, deductee universe per form. No double-counting of challans	Unified TDS workflow: single data extraction for all forms. Challan allocation tracked across forms. No duplication. All filed within 10 days of quarter end
Section 194T Partner TDS	NEW FY 2025-26: LLPs and firms must deduct 10% on partner payments > Rs 20K. Mumbai CA/law firms at Fort adapting accounting and TDS systems	S.194T implemented in TDS workflow. Partner payments captured in 26Q. Correct section reporting. All Mumbai firm clients updated
DTAA Treaty Rates (27Q)	BKC MNCs paying foreign parent: 90+ DTAAs with different rates. Wrong rate = excess (payee complaint) or short deduction (demand notice). TRC verification mandatory	DTAA rate matrix maintained for common Mumbai MNC payment corridors. TRC verification per payment. Correct treaty rate in 27Q. Zero excess or short deduction
High-Volume 26Q (BKC)	200-500 vendor payments per quarter. Each deductee row must match challan. PAN validation, section code, challan mapping errors common. Post-filing demand notices	Automated data extraction from Tally/Zoho/QuickBooks. Pre-upload PAN validation. Section code verification. Challan mapping cross-checked before filing
30% Expense Disallowance	S.40(a)(ia): TDS not deducted/deposited = 30% expense disallowed. Rs 5 Cr contractor fees = Rs 1.5 Cr disallowance inflating taxable income significantly	Monthly TDS compliance ensures zero disallowance risk. All payments tracked to correct section. Deposit by 5th. Returns filed within 10 days. Complete protection

TDS Return Filing Costs

Fee Component	Amount
Return Filing (Govt)	Nil
Late Fee (S.234E)	Rs 200/day (capped at TDS)
Penalty (S.271H)	Rs 10,000 to Rs 1,00,000
Expense Disallowance	30% of payment (S.40(a)(ia))
Patron: Single Form/Qtr	Starting Rs 2,000/quarter
Patron: Multi-Form Bundle	Starting Rs 5,000/quarter
Patron: Monthly TDS + Returns	Starting Rs 5,000/month

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free TDS Returns consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

TDS Return Filing Due Dates

Stage	Estimated Timeline
Monthly TDS Deposit	7th of following month (March by 30 Apr)
24Q/26Q/27Q Quarterly	31 Jul \| 31 Oct \| 31 Jan \| 31 May
27EQ TCS Quarterly	15 Jul \| 15 Oct \| 15 Jan \| 15 May
Form 16 (Salary)	15 June (annual)
Form 16A (Non-Salary)	15 days from TDS return due date
26QB Property TDS	30 days from month-end of deduction
Patron Buffer	All forms within 10 days of quarter end

Note: No discretionary extensions. S.234E Rs 200/day automatic. S.271H Rs 10K-1L additional. Late deposit 1.5%/month interest. S.40(a)(ia) 30% expense disallowance if TDS not deducted/deposited. For Rs 50L quarterly TDS, 10 days delay = Rs 2,000 late fee + potential Rs 1L penalty. Patron files all forms within 10 days of quarter end.

Key Benefits

Why Choose Patron for TDS Returns in Mumbai

All-Forms Expertise

24Q + 26Q + 27Q + 27EQ + 26QB/26QC unified. Single data extraction. Consistent challan allocation. No duplication across forms. S.194T partner TDS implemented.

DTAA + NRI Expertise

27Q with correct treaty rates from 90+ DTAAs. TRC verification. BKC MNC royalty, technical fees, ECB interest. Zero excess or short deduction.

Zero Disallowance Risk

Monthly compliance ensures S.40(a)(ia) 30% expense disallowance never triggers. All payments tracked. Deposit by 5th. Returns filed 10 days early.

10,000+ Businesses Served

Comprehensive TDS expertise across all forms and sections. BKC BFSI, Powai IT, MIDC manufacturing, Fort firms. 4.9 rating, 15+ years, 4 offices.

Trusted by Businesses Across Mumbai

Trust Banner: 10,000+ Businesses Served | 4.9 Google Rating | 50,000+ Documents Filed | 15+ Years

Offices in Pune, Mumbai, Delhi, and Gurugram. All-forms TDS expertise. DTAA treaty rates. S.194T implemented. Unified quarterly compliance.

TDS Return Forms for Mumbai Businesses

Form	TDS/TCS On	Certificate
24Q	Salary (S.192)	Form 16 (annual)
26Q	Non-salary residents (194A-194T)	Form 16A (quarterly)
27Q	NRI/foreign (S.195, DTAA)	Form 16A (quarterly)
27EQ	TCS (S.206C)	Form 27D
26QB	Property purchase (S.194IA)	Form 16B
26QC	Rent by individual (S.194IB)	Form 16C

Related Services

Mumbai businesses filing TDS returns often need:

TDS Return Filing (24Q/Form 16) - Salary TDS detail.
Payroll Services - Monthly payroll.
Income Tax Return - Personal/business ITR.
Accounting Services - Books and financials.
LLP Compliance - S.194T partner TDS.
Statutory Audit - Annual audit.

Legal Framework for TDS Returns

Income Tax Act, 1961:

S.192-206C: TDS/TCS sections. S.200(3): Quarterly filing. S.203: Certificates. S.194T: Partner TDS (FY 2025-26). S.195: NRI payments. S.206AB: Higher rate for non-filers.

Penalties:

S.234E: Rs 200/day. S.271H: Rs 10K-1L. S.201(1A): 1%/1.5% interest. S.40(a)(ia): 30% disallowance. S.272A(2)(g): Rs 100/day late certificate.

Filing:

NSDL RPU/FVU for preparation. TIN-NSDL/Protean for upload. TRACES for corrections and certificates. CPC-TDS for processing.

Income Tax Portal | TRACES

FAQs: TDS Returns in Mumbai

Get answers about IT office, TDS forms, due dates, penalties, Section 194T, Form 16 vs 16A, TAN requirement, and corrections for Mumbai businesses filing all TDS return forms.

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Which IT office handles TDS returns in Mumbai?

TDS returns are filed electronically on the TIN-NSDL Protean portal and processed centrally by CPC-TDS at Vaishali Ghaziabad. No physical filing at any Mumbai IT office is required. TDS demand notices and assessments are handled by the jurisdictional Assessing Officer based on the deductor TAN zone. TRACES portal is used for corrections and certificate generation.

What are the different TDS return forms?

Four primary forms. 24Q for salary TDS Section 192. 26Q for non-salary TDS to residents Sections 193 to 194T. 27Q for payments to NRIs and foreign entities Section 195. 27EQ for Tax Collected at Source Section 206C. Additionally event-based forms include 26QB for property TDS 26QC for rent TDS by individuals and 26QD. Mumbai businesses typically file 24Q plus 26Q at minimum each quarter.

What is the due date for TDS returns?

For Forms 24Q 26Q and 27Q: Q1 April to June by 31 July, Q2 July to September by 31 October, Q3 October to December by 31 January, Q4 January to March by 31 May. For Form 27EQ TCS: Q1 by 15 July Q2 by 15 October Q3 by 15 January Q4 by 15 May. Monthly TDS deposit by 7th of following month. March TDS by 30 April.

What is the penalty for late TDS return filing?

Section 234E late fee of Rs 200 per day from due date until filing capped at total TDS amount. Section 271H penalty of Rs 10,000 to Rs 1,00,000. Interest under Section 201(1A) at 1.5 percent per month on late deposit and 1 percent per month on non-deduction. Section 40(a)(ia) disallows 30 percent of expense if TDS not deducted or deposited.

What is Section 194T and how does it affect Mumbai firms?

Section 194T effective from 1 April 2025 requires partnership firms and LLPs to deduct TDS at 10 percent on salary remuneration commission bonus and interest paid to partners exceeding Rs 20,000 per year. This is a new compliance obligation for Mumbai CA firms law firms and consultancy LLPs at Fort and Marine Lines. These payments are reported in Form 26Q each quarter.

What is the difference between Form 16 and Form 16A?

Form 16 is the annual TDS certificate for salary income issued after Q4 24Q by 15 June. It has Part A from TRACES and Part B from salary computation. Form 16A is the quarterly TDS certificate for non-salary income issued after each 26Q or 27Q within 15 days of filing. Landlords consultants and contractors receive Form 16A from their payers.

Is TAN mandatory for filing TDS returns?

Yes TAN Tax Deduction Account Number is mandatory for all deductors filing regular TDS returns 24Q 26Q 27Q 27EQ. TAN is obtained through Form 49B on the NSDL portal. For event-based forms like 26QB and 26QC TAN is not mandatory as PAN is used instead. Every Mumbai business deducting TDS must obtain TAN within one month.

Can errors in filed TDS returns be corrected?

Yes correction statements are filed via the TRACES portal. Download the consolidated TDS file for the relevant quarter and form. Prepare correction using NSDL RPU with types C1 for deductor details C2 for challan corrections C3 for deductee corrections C4 for adding salary details and C5 for adding new challans or deductees. Multiple correction rounds are allowed.

Quick Answers

TDS return kab file karna hota hai? 24Q/26Q/27Q: Q1 31 Jul, Q2 31 Oct, Q3 31 Jan, Q4 31 May. 27EQ: 15th. Monthly deposit 7th tak.

24Q 26Q 27Q mein kya fark hai? 24Q: salary. 26Q: non-salary (rent, professional, contractor, partner S.194T). 27Q: NRI/foreign. 27EQ: TCS.

Late filing pe kya hota hai? Rs 200/day (S.234E). Rs 10K-1L penalty (S.271H). 1.5%/month interest. 30% expense disallowance S.40(a)(ia).

File Every Form Every Quarter - 30% Disallowance Is Real

S.40(a)(ia) disallows 30% of expense if TDS not deducted/deposited. Rs 5 Cr contractor fees = Rs 1.5 Cr disallowance. S.234E Rs 200/day automatic. S.271H Rs 10K-1L penalty. CPC-TDS runs automated matching. Form 26AS discrepancies flagged instantly. Mumbai's massive TDS volumes demand precision across all forms every quarter.

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All Forms, Every Quarter, Zero Penalties

TDS returns in Mumbai span all four forms: 24Q salary for BKC BFSI, 26Q non-salary for contractors and professionals (plus S.194T partner TDS), 27Q for MNC foreign payments with DTAA rates, 27EQ TCS for manufacturers. Most businesses file 2-3 forms quarterly.

30% expense disallowance (S.40(a)(ia)) makes TDS compliance critical for taxable income. Rs 200/day late fee, Rs 10K-1L penalty, 1.5%/month interest on delayed deposits. TRACES corrections for errors.

Patron provides unified all-forms TDS from Marine Lines: monthly computation, quarterly filing within 10 days, DTAA expertise, S.194T implementation, Form 16/16A generation, corrections, and demand notice response. 10,000+ businesses, 4.9 rating, 15+ years.

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Content Created: 24 March 2026 | Last Updated: 24 March 2026 | Next Review: 24 June 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page covers TDS returns filing (all forms) in Mumbai. Content reviewed quarterly (Freshness Tier 1) as IT Act amendments, new sections, and due date changes evolve.