Due Date for Furnishing Challan-cum-Statement for TDS under Sections 194-IA, 194-IB, 194M & 194S – March 2026

Timely compliance with TDS provisions is essential to avoid penalties and interest. Taxpayers deducting tax under specific sections must ensure that the challan-cum-statement is filed within the prescribed time.

Applicable Sections Covered

The following sections of the Income-tax Act, 1961 require furnishing of a challan-cum-statement:

• Section 194-IA: TDS on transfer of immovable property
• Section 194-IB: TDS on rent by individuals/HUF (not liable to tax audit)
• Section 194M: TDS on payments to contractors/professionals by individuals/HUF
• Section 194S: TDS on transfer of virtual digital assets (cryptocurrency, etc.)

Due Date for March 2026

As per Rule 30 of the Income-tax Rules, 1962:

• The challan-cum-statement must be filed within 30 days from the end of the month in which TDS is deducted

Therefore:

• Due Date for March 2026: 30 April 2026

Relevant Forms

Each section has a specific challan-cum-statement form:

• Form 26QB – Section 194-IA
• Form 26QC – Section 194-IB
• Form 26QD – Section 194M
• Form 26QE – Section 194S

These forms serve both as:

• TDS payment challan, and
• TDS return (no separate TDS return filing required)

Key Compliance Points

• TDS must be deducted at the time of payment or credit, whichever is earlier
• Filing of challan-cum-statement is mandatory even if only one transaction is involved
• PAN of both deductor and deductee is compulsory
• After filing, Form 16B / 16C / 16D / 16E (TDS certificate) must be issued within 15 days

Consequences of Non-Compliance

Failure to file within due date may result in:

• Late fee under Section 234E: ₹200 per day (subject to TDS amount)
• Interest under Section 201(1A) for delay in deduction/payment
• Possible penalties under Section 271H

Conclusion

For TDS deducted in March 2026 under Sections 194-IA, 194-IB, 194M, and 194S, ensure that the challan-cum-statement is filed by 30 April 2026 to stay compliant and avoid penalties.

For expert guidance on this topic, contact your tax professional today.