TCS Returns 27EQ
Done-for-you by Company Mitra's qualified experts — 100% online, transparent pricing, no running around.
- 2 to 3 working days
- 100% Online
- Qualified Experts
- Secure Payment
What you get
- Quarterly TCS working (Excel)
- Filed Form 143 (earlier 27EQ) acknowledgement
- TCS certificates (Form 133, earlier 27D) for collectees
- Default status check on TRACES
Documents required
Keep these ready — scanned copies or clear phone photos are fine.
- TAN and PAN of deductor (Company) – Mandatory
- Challan details (CIN) for the quarter (Company) – Mandatory
- Party-wise tax collected at source on specified sales such as scrap, minerals, motor vehicles and other notified items details with PAN (Company) – Mandatory
- Sales register for TCS items with buyer PAN (Company) – Mandatory
- Previous quarter return token number (Company) – Optional
- TRACES and income tax portal login (Company) – Mandatory
- DSC of authorised person (Authorised signatory) – Optional
How it works
2 to 3 working days per quarter after data; fee per quarterly return
- 1Share data
- 2Send quarterly payment and challan details
- 3Validation
- 4We check PAN, rates and challans
- 5Filing
- 6We prepare and file the quarterly return
- 7Acknowledgement
- 8You receive the filed return acknowledgement
- 9Certificates
- 10We download and share TDS or TCS certificates
About TCS Returns 27EQ
Overview
Every deductor holding a TAN must file a quarterly statement of tax deducted or collected. Form 143 (earlier Form 27EQ) is used for tax collected at source on specified sales such as scrap, minerals, motor vehicles and other notified items. From tax year 2026-27, TDS and TCS provisions are consolidated under section 393 and related sections of the Income-tax Act 2025, with new form numbers under the Income-tax Rules 2026.
Correct PAN, challan mapping and section codes are essential. Errors lead to short deduction or late payment demands and incorrect credit for your employees, vendors or customers.
Company Mitra collects your quarterly data, validates PAN and challans, files the return before the due date and downloads the certificates for you to issue. The fee is charged per quarterly return.
Who needs it
- Sellers collecting TCS on specified goods
- Dealers of motor vehicles above the notified value
- Scrap, forest produce and mineral traders
- E-commerce and other collectors as notified
What's included
Included:
- Collection and review of tax collected at source on specified sales such as scrap, minerals, motor vehicles and other notified items data for the quarter
- Validation of PAN, challans and section-wise rates
- Preparation of return using RPU and validation through FVU
- Filing of Form 143 (earlier Form 27EQ) on TIN or income tax portal
- Download and issue of TDS or TCS certificates after processing
- Handling of short payment or default notices for the quarter
Not included:
- TDS or TCS amount, interest and late fee
- Correction returns (separate service)
- Payroll or bookkeeping
- Lower deduction certificate
Ready to get started?
Place your order in 2 minutes — our expert takes it from there.
Frequently asked questions
What are the due dates?
15 July, 15 October, 15 January and 15 May for the four quarters respectively.
What is the new form number?
From tax year 2026-27 under the Income-tax Act 2025, Form 27EQ is replaced by Form 143. Returns for periods up to March 2026 continue in the old forms.
What if there are no deductions in a quarter?
A nil return is generally not mandatory, but a declaration for non-filing can be submitted on TRACES to avoid default notices.
What is the late fee?
₹200 per day until filing, subject to the TDS or TCS amount, plus possible penalty for non-filing.
Compliances after this
- Deposit tax deducted by the 7th of the next month (30 April for March)
- Issue TDS or TCS certificates within the prescribed time
- Check TRACES for defaults after processing
Penalty for delay / non-compliance
Late filing attracts fee of ₹200 per day till the return is filed, capped at the TDS or TCS amount (earlier section 234E). Non-filing beyond one year or incorrect filing can attract penalty of ₹10,000 to ₹1,00,000 (earlier section 271H). Late deduction or deposit attracts interest at 1 percent or 1.5 percent per month.
