{"id":7633,"date":"2025-07-11T07:21:03","date_gmt":"2025-07-11T07:21:03","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7633"},"modified":"2025-07-11T07:21:04","modified_gmt":"2025-07-11T07:21:04","slug":"form-26q","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/form-26q\/","title":{"rendered":"Form 26Q"},"content":{"rendered":"<p><strong><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/form-26q\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Form 26Q<\/a><\/strong> is used to report <strong><a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tds\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>TDS<\/a> (<a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tax\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>Tax<\/a> Deducted at Source)<\/strong> when you deduct tax <strong>on payments other than salaries<\/strong>.<\/p>\n\n\n\n<p>In simple words:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>If you&#x2019;re a business or deductor paying someone like a contractor, consultant, or professional, and you deduct TDS, you must report it to the <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Income Tax<\/a> Department using <strong>Form 26Q<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<h2 id=\"what-payments-are-covered-under-form-26q\" class=\"wp-block-heading\"><strong>What Payments Are Covered Under Form 26Q?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Contractor payments (<a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/section-194c\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Section 194C<\/a>)<\/li>\n\n\n\n<li>Professional or technical fees (Section 194J)<\/li>\n\n\n\n<li>Commission or <a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/broker\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>broker<\/a>age (Section 194H)<\/li>\n\n\n\n<li>Rent (Section 194I)<\/li>\n\n\n\n<li>Interest (Section 194A)<\/li>\n\n\n\n<li>Any other non-salary payment with TDS<\/li>\n<\/ul>\n\n\n\n<h2 id=\"who-must-file-form-26q\" class=\"wp-block-heading\"><strong>Who Must File Form 26Q?<\/strong><\/h2>\n\n\n\n<p>&#x2705; Companies, partnership firms, trusts, and HUFs<br>&#x2705; Individuals running a business (if subject to tax audit)<br>&#x2705; Anyone deducting TDS on non-salary payments<\/p>\n\n\n\n<h2 id=\"when-is-form-26q-filed\" class=\"wp-block-heading\"><strong>When is Form 26Q Filed?<\/strong><\/h2>\n\n\n\n<p>You must file <strong>Form 26Q quarterly<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Quarter<\/th><th>Period Covered<\/th><th>Due Date<\/th><\/tr><\/thead><tbody><tr><td>Q1<\/td><td>Apr &#x2013; Jun<\/td><td>31st July<\/td><\/tr><tr><td>Q2<\/td><td>Jul &#x2013; Sep<\/td><td>31st October<\/td><\/tr><tr><td>Q3<\/td><td>Oct &#x2013; Dec<\/td><td>31st January<\/td><\/tr><tr><td>Q4<\/td><td>Jan &#x2013; Mar<\/td><td>31st May<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"what-information-is-needed-in-form-26q\" class=\"wp-block-heading\"><strong>What Information is Needed in Form 26Q?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAN of the deductor and deductee<\/li>\n\n\n\n<li>TDS section code (like 194C, 194J)<\/li>\n\n\n\n<li>Amount paid<\/li>\n\n\n\n<li>TDS deducted and deposited<\/li>\n\n\n\n<li>Date of payment and deduction<\/li>\n\n\n\n<li>Challan details for tax deposit<\/li>\n<\/ul>\n\n\n\n<h2 id=\"how-to-file-form-26q\" class=\"wp-block-heading\"><strong>How to File Form 26Q<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Collect details of all TDS deductions<\/strong> (non-salary)<\/li>\n\n\n\n<li><strong>Download and fill<\/strong> the return using RPU (Return Preparation Utility)<\/li>\n\n\n\n<li><strong>Validate using FVU (File Validation Utility)<\/strong><\/li>\n\n\n\n<li>Submit on <strong>TIN-<a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/nsdl\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>NSDL<\/a> portal<\/strong> or upload via <strong>TRACES<\/strong> with digital signature or electronic verification<\/li>\n<\/ol>\n\n\n\n<h2 id=\"penalty-for-late-filing\" class=\"wp-block-heading\"><strong>Penalty for Late Filing<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#x20B9;200 per day of delay (under Section 234E)<\/li>\n\n\n\n<li>Max penalty = TDS amount<\/li>\n\n\n\n<li>Additional fines if return is not filed within 1 year<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Form 26Q is used to report TDS (Tax Deducted at Source) when you deduct tax on payments other than salaries. In simple words: If you&#x2019;re a business or deductor paying someone like a contractor, consultant, or professional, and you deduct TDS, you must report it to the Income Tax Department using Form 26Q. What Payments [&#x2026;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7633","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7633\/revisions"}],"predecessor-version":[{"id":7635,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7633\/revisions\/7635"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}