Form 26QAA Filing Due Date – Q1 (April to June 2025)


📅 Due Date: 31st July, 2025
Applicable for: Banking Companies
Period: Q1 – April to June 2025

What is Form 26QAA?

Form 26QAA is a quarterly statement that banking companies are required to file in cases where no TDS is deducted on interest from time deposits, as per the relevant provisions under the Income-tax Act, 1961.

This form helps ensure transparency and records the justification for not deducting TDS on interest income—usually when the depositor submits valid declarations (e.g., Form 15G/15H) or when interest amounts do not cross threshold limits.

🔍 Why is it Important?

Failing to file Form 26QAA can:

  • Attract penalties and late fees

  • Lead to compliance scrutiny by the Income Tax Department

  • Result in audit issues and reputational risks

Timely and correct filing demonstrates your institution’s commitment to compliance and governance.

🧾 What Should Be Reported?

  • Interest payments made on time deposits

  • Cases where TDS is not deducted

  • Reasons for non-deduction (declarations, exemptions, thresholds)

  • PAN and details of depositors involved

✅ Why Choose Taxla Services?

Filing Form 26QAA may seem procedural, but errors or delays can prove costly. At Taxla Services, we ensure:

  • Accurate documentation

  • On-time filing

  • Compliance with latest tax rules

  • Dedicated experts for banking-specific filings

Don’t let a minor oversight lead to major tax trouble. Outsource your TDS return tasks to the trusted experts at Taxla Services.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

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