Due Date Alert: Challan-cum-Statement Filing for TDS under Sections 194-IA, 194-IB, 194M & 194S – February 2026

Timely compliance with TDS provisions is essential to avoid penalties and ensure smooth financial operations. Taxpayers must note the due date for filing challan-cum-statements for certain TDS sections applicable for February 2026.

Applicable Sections Covered

The following sections require filing of challan-cum-statement along with tax payment:

• Section 194-IA: TDS on purchase 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 (crypto, etc.)

Due Date for February 2026

• The due date for furnishing the challan-cum-statement for transactions in February 2026 is 30th March 2026.

Compliance Requirements

• Deduct TDS at applicable rates at the time of payment/credit
• Deposit TDS using the prescribed challan-cum-statement forms:
  • Form 26QB (194-IA)
  • Form 26QC (194-IB)
  • Form 26QD (194M)
  • Form 26QE (194S)
• Ensure accurate PAN details of both deductor and deductee
• Issue TDS certificate (Form 16B/16C/16D/16E) within prescribed timelines

Consequences of Non-Compliance

• Interest under Section 201(1A)
• Late fee under Section 234E (₹200 per day)
• Penalty under Section 271H

Legal References

• Income-tax Act, 1961 – Sections 194-IA, 194-IB, 194M, 194S
• Rule 30 & Rule 31A of Income-tax Rules, 1962
• CBDT Notification No. 30/2016 & subsequent amendments

Conclusion

Timely filing of challan-cum-statements ensures compliance and avoids unnecessary penalties. Proper documentation and accurate reporting are key to smooth tax management.

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