All tax deductors are required to file the TDS returns in Form No.24Q (for tax deducted from salaries), Form No.26Q (for tax deducted from payments other than salaries). These forms require details of all tax deductions with name and Permanent Account Number (PAN) of parties from whom tax was deducted during the month of October, November and December 2020.
The above forms are required to be filed by the entire Central and State Government Offices, Local Authority, Companies, Financial Institutions, Insurance Companies, Educational Institutions, etc. The due date for filing 3rd Quarter e-TDS statement is Jan.31, 2021, according to N.D. Shreenivaas of Bhavani Associates, Mysuru.