TDS Payment Due – Don’t Miss the Deadline! (Sections 194-IA, 194-IB, 194M, 194S)

 

📅 Due Date: 30th July, 2025

🗓️ Applicable Period: For TDS deductions made in June 2025

As the month-end approaches, taxpayers who have deducted TDS under specific sections need to ensure timely payment and compliance with the Income Tax Act. If you've made payments attracting TDS under Sections 194-IA, 194-IB, 194M, or 194S, this reminder is for you!

🔍 What are These TDS Sections?

Let’s break down the purpose of each section briefly:

  • Section 194-IA: Applies when buying an immovable property (other than agricultural land) worth ₹50 lakhs or more. Buyer must deduct 1% TDS on the sale value and pay it to the government.

  • Section 194-IB: Applicable to individuals/HUFs paying rent exceeding ₹50,000 per month. TDS of 5% must be deducted and deposited.

  • Section 194M: For payments to contractors, professionals, or commission agents by individuals/HUFs (not liable for tax audit) where total payments exceed ₹50 lakhs in a financial year. TDS is 5%.

  • Section 194S: Introduced for Virtual Digital Assets (VDAs) or crypto transactions. Buyer must deduct 1% TDS at the time of payment/credit.

📄 What Needs to be Filed?

Taxpayers must furnish a Challan-cum-Statement (Form 26QB/26QC/26QD/26QE) depending on the nature of the transaction. This must be done within 30 days from the end of the month in which TDS is deducted.

⚠️ Consequences of Missing the Deadline

Failure to pay or file TDS on time can attract:

  • Interest under Section 201(1A)

  • Late filing fees under Section 234E (₹200/day)

  • Possible penalty notices from the Income Tax Department

Timely compliance is not optional — it's essential.

✅ Why Choose Taxla Services?

Filing a TDS challan and form can be technical and prone to errors. At Taxla Services, we ensure:

  • ✔️ Accurate TDS computation & deduction

  • ✔️ On-time filing of correct forms

  • ✔️ Zero errors = zero notices

  • ✔️ Full compliance with IT Department norms

Whether you’re a buyer, tenant, professional, or dealing in crypto, we’ve got your back.

📞 Need Help Filing?

Don’t wait until the last minute. Contact us today and avoid unnecessary hassles:

📞 +91 7305701454
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

#TDSPayment #IncomeTaxDueDate #TaxDeduction #194IA #194IB #194M #194S #FileBeforeDueDate #TaxlaServices #BestAuditorInTamilnadu #TDSFiling #ChallanCumStatement #IncomeTaxIndia



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