No revision in due dates for filing of TCS returns

Posted Date : 12-May-2016 , 05:05:39 am | Posted By CASANSAAR print

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The CBDT vide Notification No. 30/2016 [F.NO.142/29/2015-TPL], Dated 29-4-2016 has revised the due dates for filing of quarterly TDS returns by persons (other than government).

However, there are some wrong notions of the taxpayers that the due dates for filing of TCS returns have also been extended by the CBDT.

The gist of the changes made vide aforesaid notification are as under:

1) The due dates for filing of TDS returns by persons (other than government) for the quarter ended 30^th June, 30^thSeptember, 31^st December and 31^st March has been extended up to 31^st July, 31^st October, 31^st January and 31^st May respectively (old dates were 15^th July, 15^th October, 15^th January and 15^th May respectively) [Rule 31A]

2) TDS deducted under 194-IA is required to be paid to the credit of the Central Government within a period of 30 days [earlier it was 7 days] from the end of the month in which deduction is made [Rule 30]

3) The due date for furnishing of Form No. 24G has been revised where TDS or TCS is paid by a Government office without production of a challan [Rule 30 and Rule 37CA]

Apart from the aforesaid changes, no other change has been prescribed by the CBDT in respect of TCS or TDS.

It is advisable that the TCS statement should be filed on or before the due date [as given hereunder] to avoid late filing fee under Section 234E and penalty under section 271H.

The due dates for filing of TDS and TCS statement are as under:

Quarter ending	Due date for filing of TDS return	Due date for filing of TCS return
30^th June of financial year	31^st July of financial year	15^th July of financial year
30^th September of financial year	31^st October of financial year	15^th October of financial year
31^st December of financial year	31^st January of financial year	15^th January of financial year
31^st March of financial year	31^st May of financial year	15^th May of financial year

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