(Q1.)What is Form 27D?
- Form 27D is a TCS certificate certifying the amount of TCS collected, Nature of Payments & the TCS Payments deposited with the Income Tax Dept. Form 27D downloaded from TRACES are considered as valid TCS certificates, as per CBDT circular 04/2013 dated 17th April'2013
(Q2.)Can Form 27D be generated annually?
- No,Form 27D can be generated quarterly.
(Q3.)Is there any format for these certificates?
- Form 27D are issued as per the provisions of Rule 31(1).
(Q4.)From where Form 27D can be downloaded?
- Form 27D can be downloaded from TRACES website, only for processed statement.
Note: Form 27D is generated only for valid PAN. In case of invalid PAN or if the PAN is not reported in the TCS statement (27EQ), Form 27D will not be generated. (Q5.)What is the due date to issue 27D certificate?
- As per Rule 37D the certificate in the Form No. 27D referred to in sub-rule (1) shall be furnished to the Collectee within fifteen days from the due date for furnishing the statement of tax collected at source under sub-rule (2)
(Q6.)What are the details available in TCS certificate (Form 27D)? - Below details will be available in TCS certificate (Form 27D):
- Name / address / TAN of Collector.
- Name / address / PAN of Tax Payer.
- Summary of payment made by Collector.
- Summary of tax deducted at source in respect of tax payer.
- Details of tax collected and deposited in Central Government account through Challan / Book Adjustment (in case of Government Collector).
- Details of tax collected and deposited in Central Government account through Challan (in case of Non-Government Collector.
(Q7.)What can I do if I am unable to download the TCS Certificate?
- Due to the following reason TCS certificate cannot be downloaded:
1. TCS statement (27EQ) is not processed.
2. Invalid PAN or PAN is not reported in the TCS statement (27EQ).
3. Request status is 'Failed' (Deductor can raise new request for TCS certificate). (Q8.)If a Taxpayer lost original TCS certificate, can a Collector download duplicate certificate?
- Yes, Collector can download duplicate certificate.
(Q9.)How can I request for Form 27D?
- Login to TRACES as deductor and submit download request for Form 27D under 'Downloads' tab. File will be available under 'Requested Downloads' in 'Downloads' tab. .Zip file will be provided containing details of all requested PANs. To convert Form 27D zip file into PDF, Tax Collector should download latest version of 'Form 27D PDF Converter Utility'. This utility will convert the Zip file into individual PDFs for each PAN. Collector can also opt to digitally sign the PDFs while converting.
(Q10.)Can collector download Form 27D without being registered on TRACES?
- No, only registered user (Collector) on TRACES can download Form 27D.
(Q11.)What is the password to open Form 27D?
- The password to open Form 27Dis TAN in capital letters, i.e., AAAA11111A.
(Q12.)From which financial year onwards Form 27D can be downloaded?
- Form 27D can be downloaded from F.Y 2007-08.
(Q13.)Can we edit the details in TCS certificates(Form 27D)?
- No,TCS certificates (Form 27D) downloaded from TRACES are non-editable.
(Q14.)While submitting request to download Form 27D, collector has entered details correctly in Part 1 and Part 2 in KYC validation details screen, yet it shows an error as 'Invalid Details' in Part 1 and Part 2. What should Deductor do?
- Details to be filled in validation screen should be exactly the same as reported in the TCS statement. If you have filed any correction statement, Token Number should be as per original statement and other details (Challan details and PAN amount combination) should be as per the latest correction statement.
