Compliance Pack
Quarterly non-salary TDS return, Form 140 (earlier 26Q)
What this means, checked by a CA
When you deduct TDS on vendor, rent, fee or interest payments, you must report it every quarter so the payee gets credit. We match your ledgers with challans and PANs, file Form 140 and clear any defaults TRACES raises.
₹1,499
a quarter, + 18% GST
- Delivered in 2 to 3 working days after ledger and challan data
- Due: Q1 by 31 July, Q2 by 31 October, Q3 by 31 January, Q4 by 31 May of the next year
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 8 items
TAN and TRACES login
Statement filed under TAN
Vendor ledger with TDS entries
Amount paid and tax per payee
Payee PANs
Credit to payee; else higher rate
Nature of payment and section
Each row needs the right section
Challan details for quarter
Rows map to challans
Lower deduction certificates of payeesOptional
Quoted for lower or nil rate
Form 121 declarations receivedOptional
Explains no deduction on interest
Responsible person's DSC or Aadhaar
E-verification
DiscussionWhat we discuss · 6 items
Which payments had TDS this quarter, and under which sections?
Section code per row
Did any payee give a lower deduction certificate or Form 121?
Lower or nil rate must be backed
Any payee without PAN or with inoperative PAN?
Higher rate or short deduction default
Were challans paid on time and under the right section and tax year?
Interest and short payment risk
Any payment to a non-resident mixed in?
That goes in Form 144, not 140
Is the quarter before 1 April 2026?
Old Form 26Q applies
FormsForms we file · 6 items
Reconcile ledgers, TDS deducted and challans; sort out non-resident rows to Form 144
Per payee: rate x amount versus tax deducted; gaps are short deduction
Where: Internal. Due: Before filing
Pay any interest and late fee
Interest 1% and 1.5% a month; fee ₹200 a day capped at TDS
Where: https://www.incometax.gov.in. Due: Before filing
Prepare Form 140 online on TRACES (import challans, add or bulk upload deductees, map) or through the utility
Where: https://traces.tdscpc.gov.in. Due: 31 July, 31 October, 31 January, 31 May
Quote certificate number for lower or nil deduction rows
Where: https://traces.tdscpc.gov.in. Due: On filing
Validate, e-verify and submit; note ARN
Where: https://traces.tdscpc.gov.in. Due: On filing
After processing, download Form 131 for each payee (TDS-CER-01)
Where: https://traces.tdscpc.gov.in. Due: Within 15 days of the return due date
DeliverablesWhat you get · 3 items
ARN acknowledgement
When: Same day
Processing intimation
When: After CPC-TDS processing
Form 131 certificates
When: 15 August, 15 November, 15 February, 15 June
Questions people ask
Who has to file Form 140?
Any person deducting tax on non-salary payments to residents, including companies, firms, government and individuals.
Can Form 140 be edited after filing?
No. File a correction after CPC-TDS has processed the original.
When does the Q2 correction window close?
For Q2 of 2026-27, until 31 March 2029.
What rate if the vendor has no PAN?
The higher of the Act rate, rate in force or 20% (5% for some entries).
How do I know it was accepted?
You get an ARN on successful submission on TRACES.
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