A Tax Deducted at Source, also known as TDS, is a type of advance tax. Every time a transaction occurs, the government imposes a specific tax amount. The TDS is the amount the payer deducts and pays to the government. Individuals are required to file TDS returns after TDS payments, where they should mention the payee's PAN. In this post, we are understanding the different TDS forms such as 26Q, 24Q, 27EQ, 27Q, and 27D beneath I-T in India.