4.1. Description of the different TDS / TCS Forms

The Income Tax Department, Govt. of India, has defined four different types of TDS/TCS Forms. Depending upon your requirement select a particular form under which the return has to be filed.
All these four forms are explained below:

Form 138 (24Q) : For filing the returns of salaried employees, Form 138 (24Q) has to be selected. In this form the deductions made are under Tax Code 1001 (192A) (Payment done to government employees), Tax Code 1002 (192B) (payment done to non-government employees) or Tax Code 1003 (192C) (payment done to union-government employees).

Form 140 (26Q) : For filing of returns of the deductees other than employees residing under domestic territory, Form 140 (26Q) has to be selected. This includes payment of contractors, professionals, rent, interests, commission etc.

Form 144 (27Q) : For filing of returns of deductees other than employees residing outside the domestic territory, Form 144 (27Q) has to be selected.

Form 143 (27EQ) : For filing TCS returns, Form 143 (27EQ) has to be selected.

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