Form 26QD (Contractual & Professional Payments)


*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

This Service is for Filing of TDS Return for Contractual and Professional Payments (Form 26QD)

Price 399

Services covered :
  • PAN Verification
  • Preparation of Form 26QD (TDS Return)
  • Registration on TRACES
  • Generation of Form 16D

Documents Required :
  • PAN of Deductor/Payer
  • PAN of Deductee/Payee
  • Details relating to date of payment and deduction, amount of payment and nature of payment (work in pursuance of a contract/commission/brokerage or fees for professional services)

FAQ ()

Question : What is Form 26QD used for?
Answer : Form 26QD is Return Cum Challan Statement to be filed by a person being an individual or a HUF (not covered u/s 194-C and 194J) in case of payment to a resident contractor or professional exceeding Rs 50,00,000 during the year.
Question : What is TDS rate on Payment to Resident Contractors and Professionals?
Answer : TDS rate on payment to Resident Contractors and Professionals u/s 194M is 5%.
Question : Do I need to obtain TAN for Filing this Form?
Answer : TAN is not required for filing Form 26QD.
Question : How much is the interest for late payment of TDS?
Answer : If TDS is not deducted and paid interest will be 1% per month from the due date of deduction to Actual date of deduction. if TDS is deducted but not paid interest will be 1.5% per month from the actual date of deduction to actual date of payment.
Question : What if Form 26QD is filed late? Is there any late fee or penalty?
Answer : Fees for late filing of Form 26Q is Rs. 200 per day until the return is filed. This amount has to be paid for each day until total fine becomes equal to the TDS amount. In addition to late fees payable, Assessing Officer (AO) may charge a penalty of minimum of Rs. 10,000 and up to Rs. 1,00,000 maximum.
Question : What is Form 16D?
Answer : Form 16D is the TDS certificate to be issued by the deductor to the deductee in respect of the tax deducted and paid.