TDS U/S 194M & FORM 2QD

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H Thakar (Querist)
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07 May 2022 I am individual and I have paid Rs 30 Lakhs to packers & movers and also will be paying equivalent or higher amount in current FY. I have not deducted TDS earlier u/s 194M. But after paying 2nd instalment of the same i will excees the treshold limit of Rs 50 lakh i.e. payment to resident contractor. I will be deducting tds @ 5 % excluding GST on total amount that is 30+50 i.e. Rs 4 Lakhs and will be filing form 26QD.

Further there is also chances for more remittance. So i need more clarification regarding filing of Form 26QD.

Do i need to file form 26QD each time for all subsequent payment?

CA Puja Sharma

CA Puja Sharma (Expert)
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07 May 2022 The TDS deducted u/s 194M during a month must be paid by the 7th of the following month(for non-government entities) through Challan cum statement in Form 26QD.
The person who deducts tax under section 194M shall furnish a certificate under Form no. 16D within 15 days of the due date of giving the challan cum statement in Form 26QD.

H Thakar

H Thakar (Querist)
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07 May 2022 Dear Madam
Thank you for your response, but you didn't got my point. what you replied is the due dates and process for payment.

here the case is subsequent payment in current FY . i.e. one is done in April other will be done in May and also can be in further period.

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