Regarding Form 27C declaration of TCS

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Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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07 September 2022 Is it mandatory to file form-27C online?

Aashok Kumar Sharma

Aashok Kumar Sharma

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10 July 2024 Yes, filing Form 27C online is mandatory. Form 27C is used for declaring that a particular receipt of income does not attract TDS (Tax Deducted at Source) under Section 206C of the Income Tax Act, 1961. It is typically submitted by the seller of goods or services to the buyer when the receipt of the payment does not require TDS deduction.

Here are key points regarding the filing of Form 27C:

1. **Online Filing Requirement:** As per the Income Tax Department's guidelines, Form 27C must be filed online through the Income Tax Department's e-filing portal (https://www.incometaxindiaefiling.gov.in/). Offline submission of Form 27C is not accepted.

2. **Digital Signature:** Filing online usually requires a digital signature to authenticate the submission of Form 27C electronically.

3. **Validity and Submission:** The form should be submitted by the seller to the buyer within a reasonable time after receiving the payment or before the filing of TDS return, whichever is earlier.

4. **Compliance:** It's crucial to ensure that Form 27C is filed correctly and in a timely manner to avoid any discrepancies or penalties related to TDS compliance.

5. **Professional Assistance:** If you are unsure about the process or specific requirements for filing Form 27C, it's advisable to seek guidance from a tax consultant or chartered accountant who can assist you in ensuring compliance with Income Tax regulations.

In summary, yes, filing Form 27C online is mandatory, and it should be done through the official e-filing portal of the Income Tax Department.

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