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FORM NO. 27EC Format

Are you a seller of goods looking to simplify TDS compliance under Section 194Q of the Income Tax Act? Download our ready-to-use FORM NO. 27EC Format in PDF or Word format for India to declare your turnover and prevent unnecessary tax deductions by buyers.

What is FORM NO. 27EC?

FORM NO. 27EC is a crucial declaration form prescribed under Rule 31BA of the Income Tax Rules, 1962. It is used by sellers of goods to furnish particulars to buyers under sub-section (7) of Section 194Q. This section mandates buyers to deduct TDS at 0.1% on payments for goods exceeding Rs. 50 lakhs in the previous year, provided the seller's total turnover exceeds Rs. 10 crores. By submitting a properly filled FORM NO. 27EC Format, sellers can certify that their turnover is below the Rs. 10 crore threshold, exempting the buyer from TDS obligations.

This legal template ensures seamless B2B transactions, especially for small and medium enterprises (SMEs) in India dealing in trading, manufacturing, or retail of goods.

Why is FORM NO. 27EC Important?

In today's stringent tax compliance environment, FORM NO. 27EC plays a vital role in avoiding disputes and penalties. Buyers are required to report TDS deductions quarterly via Form 26Q, and failure to obtain this declaration can lead to interest and penalties under Sections 201 and 234E. For sellers, providing this form maintains cash flow by preventing withholding of taxes on legitimate payments.

Key benefits include:

Compliance Assurance: Meets Income Tax Department requirements for Section 194Q.
Cost Savings: Avoids 0.1% TDS, improving liquidity.
Ease of Transactions: Builds trust with buyers like corporates and large traders.
Audit-Proof Documentation: Ready-to-use format accepted by tax authorities across India.

Key Elements of FORM NO. 27EC Format

Our customizable FORM NO. 27EC Sample includes all mandatory fields as per the official notification:

Seller's Details: Name, PAN, address, and contact information.
Financial Year: Relevant assessment year for turnover declaration.
Turnover Declaration: Certified amount of total sales, supported by audited accounts or CA certificate.
Buyer Acknowledgment: Space for buyer's verification and PAN.
Date and Signature: Declaration by authorized signatory with place and date.

This structure ensures the form is court-ready and compliant with CBDT guidelines.

Who Should Use FORM NO. 27EC?

This form is essential for:

Traders and wholesalers selling goods to buyers with high-volume purchases.
Manufacturers supplying raw materials or finished products.
SMEs with annual turnover under Rs. 10 crores engaging in B2B sales.
Common use cases: Commodity trading, FMCG distribution, industrial supplies, and e-commerce sellers.

Whether you're in civil trade, business procurement, or interstate commerce, our FORM NO. 27EC legal template streamlines your tax processes.

Download FORM NO. 27EC Format Now

Get instant access to our professional, editable FORM NO. 27EC Format. Available in PDF and Word formats for free download or premium customization. Tailor it to your needs with AI assistance or legal expert review – perfect for quick, hassle-free compliance.

Customization, Legal Advice, and More

While our FORM NO. 27EC Sample is ready-to-use and based on latest Income Tax rules, we recommend consulting a chartered accountant or tax lawyer for specific scenarios. Customize further with our paid options for personalized templates. Explore related documents like Form 26Q, Section 194Q TDS Certificate, or other TDS declaration formats for comprehensive tax management in India. Stay compliant – download your FORM NO. 27EC Format today!

FORM NO. 27EC

Non-Judicial

FORM NO. 27EC

[See section 206C and rule 37E]

Half-yearly return of collection of tax under section 206C from buyers of timber obtained any mode other than under a forest lease for the period ending,

(a) Tax Deduction Account Number

(b) Permanent Account Number

2. Details of the seller

(a) Name

(b) Address

Flat/Door/Block No.

Name of premises/Building

Road/Street/Lane

Area/Locality

Town/City/District

State

Pin Code

? Has address of the seller changed since submitting the last return Tick as applicable Yes No

3. Details of gross amount debited/received under section 206C and tax collected thereon :

Buyer	Gross amount debited/received during the half-yearly period (Rs.)	Total amount of tax collected

		Income-tax (Rs.)	Surcharge (Rs.)	Total (Rs.)
	(1)	(5)	(6)	(7)
1. Companies
2. person other than companies
Total

3. Details of tax collected and paid to the Central Government :

(a) By or on behalf of Central Government:

Sl. No.	Amount deducted (Rs.)	Transfer Voucher Number	Date of Transfer Voucher
(1)	(2)	(3)	(4)




		Total

(b) By person responsible for collecting other than Central Government

Sl. No.	Challan Number	Date of payment	Amount of tax paid (Rs.)	Name and address of the bank
(1)	(2)	(3)	(4)	(5)





Total

3. Details of payments received /debited from buyers and of tax collected at source under section 206C(1): :

(a) In the case of buyers, being companies:

Sl. No.	Permanent Account Number (PAN)	Name of company	Address of the company	Total value of the purchase(s)	Amount debited/ received (Rs.)	Amount of tax collected	Date on which tax collected	Date on which tax collected at source was paid to the credit of the Central Government	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the company

(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)





Total

(b) In the case of buyers, other than companies:

Sl. No.	Permanent Account Number (PAN)	Name of buyer	Address of the buyer	Total value of the purchase(s)	Amount debited/ received (Rs.)	Amount of tax collected	Date on which tax collected	Date on which tax collected at source was paid to the credit of the Central Government	Tax deduction Certificate Number	Date of furnishing of tax Deduction Certificate to the company

(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)





Total

Verification

I, ., certify that all the particulars furnished above are correct and complete.

Place: Name and signature of the responsible for deducting tax at source

Date: Designation:

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Frequently asked questions

What is Form No. 27EC?→

Form 27EC is a certificate prescribed under Section 194-IA of the Income Tax Act, 1961, in India. It is issued by the seller to the buyer in immovable property transactions exceeding Rs. 50 lakhs to furnish PAN details and avoid higher TDS deduction.

Is Form 27EC legally valid in India?→

Yes, Form 27EC is a legally recognized document by the Income Tax Department of India. It ensures compliance with TDS provisions for property sales when properly filled and provided to the buyer.

Who should use Form No. 27EC?→

Sellers of immovable property in India with transaction value over Rs. 50 lakhs must provide Form 27EC to the buyer. It helps in applying the correct 1% TDS rate instead of 20% for PAN non-furnishing.

When is Form 27EC required for property sale agreements?→

Form 27EC is required at the time of sale agreement execution or before TDS payment by the buyer. It is essential for all qualifying property transactions in India to certify seller's PAN.

In what format can I download Form No. 27EC?→

Form 27EC is available for free download in editable Word and non-editable PDF formats. Choose Word for customization or PDF for direct printing and use.

Can I customize or edit the Form 27EC template?→

Yes, the Word version of Form 27EC is fully customizable. Edit details like PAN, property description, and consideration amount while ensuring legal accuracy for Indian tax compliance.