Form No 27A -Statement of Deduction/Collection of Tax at Source - Summary
Understanding Form No 27A – Statement of Deduction/Collection of Tax at Source
Form 27A is an important document for taxpayers as it summarizes the e-TDS/TCS return (including Form 24Q, 26Q, 27Q & 27EQ). This form contains essential control totals, including ‘Amount Paid’, ‘Income Tax Deducted at Source’, and ‘Tax Deposited (Total Challan Amount)’. It is crucial that the control totals mentioned in Form 27A match the corresponding totals in the e-TDS/TCS return file.
Why is Form 27A Important?
The accuracy of Form 27A ensures that taxpayers have correctly reported their deductions and the authorities can easily track and verify the tax payments made. Ensuring that all values are correct can save taxpayers from future discrepancies.
You can download the Form No 27A – Statement of Deduction/Collection of Tax at Source in PDF format online from the link given below.