TCS Certificate Due for Q1 (Apr–Jun 2025) – Deadline: 30th July, 2025

Tax Collection at Source (TCS) plays a vital role in ensuring transparency and timely deposit of indirect tax in various business transactions. As per the Income Tax Act, businesses or individuals who have collected tax at source are required to issue a TCS Certificate (Form 27D) on a quarterly basis to the party from whom tax was collected.

🔔 What’s Due?

TCS Certificate for Quarter 1
📅 Period: April – June 2025
🗓️ Due Date for Issuance: 30th July, 2025
📄 Form to Be Issued: Form 27D

🧐 Who Needs to Issue Form 27D?

Any person or business responsible for collecting TCS under Section 206C is required to furnish Form 27D. This includes:

  • Sellers of goods like scrap, liquor, tendu leaves, minerals, etc.

  • Authorized dealers collecting TCS on foreign remittance or sale of overseas tour packages

  • E-commerce operators

  • Vehicle dealers collecting TCS on sale of motor vehicles exceeding ₹10 lakhs

  • And others as defined under the Income Tax Act

🧩 Why is Timely Issuance Important?

Issuing TCS certificates on time helps the deductee:

  • Claim the TCS amount while filing their Income Tax Return (ITR)

  • Avoid mismatch issues in Form 26AS

  • Maintain transparency in tax compliance records

For the collector, timely issuance:

  • Ensures compliance with Section 206C

  • Prevents penalties, notices, and unnecessary scrutiny by the Income Tax Department

  • Builds trust and professionalism in business operations

🚨 What Happens if You Miss the Deadline?

Non-compliance or delayed issuance of TCS certificates may lead to:

  • Penalty of ₹100 per day under Section 272A(2)(g) until the default continues

  • Reputational damage and loss of client trust

  • Difficulty in client’s ITR filings and follow-ups

✅ Why Choose Taxla Services?

With TCS compliance deadlines being strict, accuracy and punctuality are non-negotiable. At Taxla Services, we ensure:

  • Prompt issuance of Form 27D

  • Error-free data verification and reconciliation

  • End-to-end support from documentation to communication

  • Timely reminders and legal compliance

📞 Stay Ahead of Penalties – Let’s File It On Time!

📱 Call Us: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Visit: www.taxlaservices.com

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