{"id":7730,"date":"2025-07-14T10:36:02","date_gmt":"2025-07-14T10:36:02","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=glossary&#038;p=7730"},"modified":"2025-07-14T10:36:05","modified_gmt":"2025-07-14T10:36:05","slug":"form-27q","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/form-27q\/","title":{"rendered":"Form\u202f27Q"},"content":{"rendered":"<p><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/form-27q\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Form&#x202F;27Q<\/a> is a <strong>quarterly <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/tds-return\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">TDS return<\/a><\/strong>. It reports <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 on <strong>non-salary payments<\/strong> made to <strong>NRIs or foreign entities<\/strong> under <strong>Section&#x202F;195<\/strong> of the <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/income-tax-act\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Income Tax Act<\/a>.<\/p>\n\n\n\n<h2 id=\"who-must-file-it\" class=\"wp-block-heading\">Who must file it?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Any <strong>Indian payer<\/strong>&#x2014;individual, business, HUF, or company&#x2014;making <strong>non-salary payments<\/strong> (e.g., rent, interest, <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/dividend\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">dividend<\/a>s, royalties, <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/capital-gain\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">capital gain<\/a>s) to <strong>non-residents<\/strong>, including NRIs.<\/li>\n\n\n\n<li>Salaries to NRIs are handled via <strong>Form&#x202F;24Q<\/strong>, not 27Q.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"payments-covered-tds-rates\" class=\"wp-block-heading\">Payments Covered &amp; <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> Rates<\/h2>\n\n\n\n<p>Typical payments requiring TDS under Form&#x202F;27Q include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rent, interest, dividends, royalties, fees, capital gains, sale of NRI property.<\/li>\n\n\n\n<li>TDS rates vary by category:\n<ul class=\"wp-block-list\">\n<li><strong>Section 194E<\/strong>: 20% on sportsmen\/sports associations<\/li>\n\n\n\n<li><strong>194LB\/194LC<\/strong>: 5% on certain interest payments<\/li>\n\n\n\n<li><strong>Section&#x202F;195<\/strong>: 10&ndash;30% (e.g., 15% for STCG under &sect;111A, 10% for LTCG under &sect;112A, 20% for others), plus applicable surcharge &amp; cess.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 id=\"due-dates\" class=\"wp-block-heading\">Due Dates<\/h2>\n\n\n\n<p>Form&#x202F;27Q must be filed by the <strong>last day of the month<\/strong> following each quarter:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Quarter<\/th><th>Period<\/th><th>Due Date<\/th><\/tr><\/thead><tbody><tr><td>Q1<\/td><td>Apr&#x2013;Jun<\/td><td>July 31<\/td><\/tr><tr><td>Q2<\/td><td>Jul&#x2013;Sep<\/td><td>Oct 31<\/td><\/tr><tr><td>Q3<\/td><td>Oct&#x2013;Dec<\/td><td>Jan 31<\/td><\/tr><tr><td>Q4<\/td><td>Jan&#x2013;Mar<\/td><td>May 31<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>(Taxes must be deposited via challan by the <strong>7th of the month<\/strong> following deduction).<\/p>\n\n\n\n<h2 id=\"what-to-include\" class=\"wp-block-heading\">What to include<\/h2>\n\n\n\n<p>Form&#x202F;27Q is divided into:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Voucher statistics<\/strong> &#x2013; transactions marked Included, Excluded, or Uncertain<\/li>\n\n\n\n<li><strong>Payment details<\/strong> &#x2013; challan-wise TDS deposits<\/li>\n\n\n\n<li><strong>Deduction details<\/strong> &#x2013; per-NRI details (PAN, amount paid\/credited, TDS deducted)&#x202F;.<\/li>\n<\/ol>\n\n\n\n<p>Requires details of payer (PAN, TAN, etc.), payee (PAN or TIN if PAN missing, address, country), and challan info&#x202F;.<\/p>\n\n\n\n<h2 id=\"filing-process\" class=\"wp-block-heading\">Filing Process<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Deduct TDS<\/strong> at the time of payment or credit.<\/li>\n\n\n\n<li><strong>Deposit tax<\/strong> with IT Department using Challan ITNS&#x2011;281 by 7th of the next month.<\/li>\n\n\n\n<li><strong>Prepare Form&#x202F;27Q<\/strong> using <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> TIN-NSDL&rsquo;s RPU tool. Validate via FVU.<\/li>\n\n\n\n<li><strong>E-file<\/strong> at TIN Facilitation Centre (hard&#x2011;copy\/token) or online if digitally signed.<\/li>\n\n\n\n<li><strong>Issue Form&#x202F;16A<\/strong> (TDS certificate) to NRI within <strong>15 days of quarter&#x2019;s filing due date<\/strong>.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"penalties-interest\" class=\"wp-block-heading\">Penalties &amp; Interest<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Late TDS deduction<\/strong>: 1% per month<\/li>\n\n\n\n<li><strong>Late deposit<\/strong>: 1.5% per month<\/li>\n\n\n\n<li><strong>Late return filing<\/strong>: &#x20B9;200\/day under &#xA7;234E (max = TDS amount)<\/li>\n\n\n\n<li><strong>Non&#x2011;filing \/ Incorrect<\/strong>: &#x20B9;10,000&#x2013;&#x20B9;1,00,000 under &#xA7;271H, unless filed within 1 year with taxes, interest, and late fees paid<\/li>\n<\/ul>\n\n\n\n<h2 id=\"key-takeaways\" class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Form&#x202F;27Q covers <strong>only non-salary<\/strong> payments to <strong>NRIs\/non-residents<\/strong>.<\/li>\n\n\n\n<li>File <strong>quarterly<\/strong> with accurate payer\/payee and challan data.<\/li>\n\n\n\n<li>Use NSDL&#x2019;s e&#x2011;filing tools (RPU + FVU) for submission.<\/li>\n\n\n\n<li>Pay TDS by <strong>7th next month<\/strong>, file by month-end after quarter.<\/li>\n\n\n\n<li>Stay compliant to avoid steep <strong>interest &amp; penalties<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Form&#x202F;27Q is a quarterly TDS return. It reports tax deducted at source on non-salary payments made to NRIs or foreign entities under Section&#x202F;195 of 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> Act. Who must file it? Payments Covered &amp; TDS Rates Typical payments requiring TDS under Form&#8239;27Q include: Due Dates Form&#8239;27Q must be filed by the last day of [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-7730","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7730","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":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7730\/revisions"}],"predecessor-version":[{"id":7731,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/7730\/revisions\/7731"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=7730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}