Due Dates TCS Return Form 27EQ — Q1 (Apr–Jun)
TCS Return Form 27EQ — Q1 (Apr–Jun)
Income-tax Act 2025 s.394 (from tax year 2026-27; earlier s.206C, Income Tax Act 1961 for tax years before 1 Apr 2026)
Quarterly TCS return covering April to June collections. Due 15 July.
Due dates and late fees
| FY | Due Date | Late Fee | Note |
|---|---|---|---|
| FY 2024-25 | 15 July | s.234E: ₹200/day capped at TCS amount | TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc. |
| FY 2025-26Current | 15 July | s.234E: ₹200/day capped at TCS amount | TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc. |
| FY 2026-27 | 15 July | ₹200/day capped at TCS amount — s.427, Income-tax Act 2025 (earlier s.234E, Income Tax Act 1961) | TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc. |
FY-specific notes
FY 2024-25: TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc.
FY 2025-26: TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc.
FY 2026-27: TCS is collected at source on notified transactions — scrap sale, motor vehicles > ₹10 lakh, foreign remittance (LRS), etc.
The specific list of TCS-applicable transactions has been amended by successive Finance Acts (LRS 0.5%/5%/20% slabs). Confirm the current rate schedule.
Late fee calculator
Calculate the related statutory fee for this obligation.
Section 234E — Late Fee for TDS/TCS Return →