Form 27A - Meaning, Format and Filing Process
Employers are required to submit quarterly TDS returns statement electronically to the IT Department. Along with multiple forms and paperwork, the deductor is also required to file form 27A as a summary of TDS.
There are various other forms such as 24Q & 27Q which are generally filed in the form of electronic media on the department's portal. It primarily contains a summary of quarterly returns and mainly deals with amount paid to the government on the the basis of TDS (Tax Deducted at Source) and the amount actually deducted from the payee as TDS.
Each TDS return filed every quarter should be accompanied by form 27A. It should be submitted as a hard copy and signed by the authorized signatory along with soft copies such as form 24Q or 26Q in electronic form. Alternatively, 27B should be used in physical form for provision of summary relating to tax collected at source.
Breakup of Form 27A
It is a one page form which is required to summarize the quarterly TDS return filed with the IT department.
- The first section of the form deals with provision of the Tax Deduction Account number, Permanent Account number and the dates for start to end of the quarter.
- Section 2 is a table where name and contact details of the deductor/collector should be provided. It includes complete postal address, email and telephone number.
- In the 3rd section, information pertaining to the person responsible for deduction of tax, PAN, postal address along with contact details should be provided.
- Section 4, 5 and 6 contains a table for providing summary information like number of deductees, amount paid and tax deducted/collected.
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