Form 27Q
Definition
The quarterly TDS return for tax deducted on payments to non-residents, reporting deductions under Section 195 and related provisions along with details needed for treaty relief.
Related Terms in India GST
Taxpayer Information Summary (TIS)
A simplified, category-wise summary of the data in the Annual Information Statement (AIS), giving a taxpayer a processed view of their reported income and transactions to help pre-fill and check the income-tax return.
ITR-1 (Sahaj)
The simplest Indian income-tax return form, for resident individuals with income from salary, one house property, and other sources within prescribed limits. It cannot be used by those with business income or capital gains beyond the allowed scope.
ITR-3
The income-tax return form for individuals and Hindu Undivided Families who have income from a proprietary business or profession, in addition to other heads of income.
ITR-4 (Sugam)
The income-tax return form for resident individuals, HUFs and firms (other than LLPs) opting for presumptive taxation of business or professional income under Sections 44AD, 44ADA or 44AE, within the prescribed turnover limits.
Stop memorising terms — let HelloBooks do the work
AI-assisted bookkeeping that handles invoicing, GST, reconciliations, and reports automatically. Free to start.