Form 26Q is used for filing TDS returns on non-salary payments made to Indian residents. It applies to payments such as professional fees, contract payments, interest, rent, and commission. Any person or entity deducting TDS under sections 194A, 194C, or 194J must file this form quarterly.
The details required in Form 26Q include the deductor’s and deductee’s information, PAN numbers, payment details, TDS amount deducted, and deposit details. Filing the return accurately is crucial to avoid penalties and ensure compliance with tax regulations.