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 30th June, 30th September, 31st December and 31st March has been extended up to 31st July, 31st October, 31st January and 31st May respectively (old dates were 15th July, 15th October, 15th January and 15th 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:
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Quarter ending
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Due date for filing of TDS return
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Due date for filing of TCS return
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30th June of financial year
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31st July of financial year
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15th July of financial year
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30th September of financial year
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31st October of financial year
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15th October of financial year
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31st December of financial year
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31st January of financial year
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15th January of financial year
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31st March of financial year
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31st May of financial year
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15th May of financial year
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