Help · Tax & Compliance: GST, TDS & income tax

How to prepare a quarterly TDS / TCS return

Make the quarterly TDS / TCS statement for one TAN from your deductions and challans: Form 140 (residents), Form 143 (TCS) and Form 144 (non-residents) under the Income-tax Act, 2025 — 26Q / 27Q / 27EQ are kept for periods before April 2026. Bebaak checks everything first and lists, in plain words, what to fix.

Who can do this: Admins and Accountants. Viewers can open it but not change anything.

Steps

Step by step

  1. Open Tax & Compliance → TDS / TCS → Quarterly returns.
  2. Pick the TAN, the tax year and the quarter, then press Prepare and check.
  3. Bebaak makes one return per kind that has entries (140, 143, 144). For quarters before April 2026 it keeps 26Q / 27Q / 27EQ; you can choose the form by hand.
  4. Read the check: missing or invalid PAN, tax below the higher no-PAN rate, tax not linked to a challan, challan short of its lines, a section or reason code that is not allowed, interest for late deduction / deposit, late-filing fee. Each line has a button to the record to correct.
  5. Lines marked 'Check — confirm the code' need you to pick the 4-digit section code (for example 194C without the payee type).
  6. When the check is clean, open the return to make the file.

Tips

  • Late-filing fee is ₹200 a day, up to the tax amount; interest for late deduction or deposit is shown line by line.
  • Purchase-invoice TDS, sales-invoice TCS and TDS on payment entries / journals are all gathered; journal and payment lines come in as 194C with a note to set the right section.

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