TDS NSDL: Extension of QTR TDS/TCS statement filing dates for Quarter

NSDL: Extension of QTR TDS/TCS statement filing dates for Quarter

NSDL: Extension of QTR TDS/TCS statement filing dates for Quarter

NSDL: Update on Extension of Quarterly TDS/TCS statement filing dates for Quarters.

Extension of quarterly TDS / TCS statement submission of By the NSDL circular dates for Extension of due date for TDS returns for four Quarters of the Financial year. 

 

Due date of TDS/ TCS Return filling for the FY

Quarter

Last Date of Filing

Period

Last Date of Filing

1st Quarter

31st March 

1st April to 30th June

31st March 

2nd Quarter

31st March 

1st July to 30th September

31st March 

3rd Quarter

31st Jan 

1st October to 31st December

31st Jan 

4th Quarter

31st May 

1st January to 31st March

31st May 

 

  • TDS Certificate - Quarterly: After filling out the TDS quarterly return you can generate a TDS/TCS certificate within fifteen days of filing your TDS return.

Dead Line to File Tax Collected at Source (TCS) Returns for Financial Year 

S. No

Quarter

Quarter Ending

Quarter Period

Due Date

1

1st Quarter

30 June 

April – June

31 March 

2

2nd Quarter

30 September 

July – September

31 March 

3

3rd Quarter

31 December 

October – December

15 January 

4

4th Quarter

31 March 

January – March

15 May 

Kind of TDS Return filling Forms

The below are the TDS Return filling Forms and the aim for which they are used:

S. No.

Return filling Forms

Particular Purpose

1

Form 27Q

Subtraction of tax from dividend, interest or any other amount payable to non-residents

2

Form 27EQ

TCS

3

Form 24Q

Tax deducted at sources from salaries

3

Form 26Q

Tax deducted at sources on all payments apart from salaries

Deadline dates for TDS payment for Financial Year 

S. No

Month

The due date for other deductors (Company, Individual, HUF, etc)

The due date for Govt deductors

1

April

7th May 

7th May 

2

May

7th June 

7th June 

3

June

7th July 

7th July 

4

July

7th August 

7th August 

5

August

7th September 

7th September 

6

September

7th October 

7th October 

7

October

7th November 

7th November

8

November

7th December 

7th December 

9

December

7th January 

7th January 

10

January

7th February 

7th February

11

February

7th March

7th March

12

March

30th April 

7th April

Late fees for filing

Failing to file your TDS returns within the due date means that you will be subjected to a late filing fee of Rs.200 per day. The fee will be paid each day after the due date, till the date on which your return is submitted. However, the maximum fees that you will have to pay will be limited to the sum of the TDS.

Penalty for the return of TDS

In the event that TDS returns are filed after the due date or that there is a difference in the TDS return form, the Below penalties shall apply:

  • The penalty under Section 234E: under that same section of the Income Tax Act, the deductor will be fined Rs.200 every day before the TDS is paid, but the penalty cannot be more than the TDS sum.
  • The penalty under Section 271H: a penalty which may be between a minimum of Rs.10,000 and a maximum of Rs.1 lakh shall apply if incorrect details have been given, such as incorrect PAN, incorrect tax number, etc

A penalty will not be paid under Section 271H of the Income Tax Act in the event that TDS/TCS returns are not submitted within the deadline, given that the following condition applies:

  • The TDS/TCS shall be paid to the Government's credit.
  • The filing of the TDS/TCS return shall take place before the expiration of one year from the deadline.
  • Interest and late filing fees (if any) have been charged to the Govt credit.

The interest rate applicable for the payment of TDS

As per Section 201(1A) of the Income Tax Act, 1961, if the tax is not deducted at source, either in part or in full, an interest rate of 1% per month would occur from the date on which the tax was deducted to the date on which it was actually subtracted. If the tax has been withheld and has not been paid either in part or in full, an interest rate of 1.5 percent per month would apply from the date on which the tax was deducted on the date on which it was payable.

COMPLIANCES OF TAX DEDUCTED AT SOURCES(TDS)

TDS & TCS Rate chart for FY 2024-25

Comprehensive study about TDS & TCS chapter

Yiou may contact us at singh@carajput.com or singh@caindelhiindia.com  in if you have any questions. You can also follow our most recent blogs and articles.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480

Share This Post

Related Articles

Related Videos


How to File TDS Return Online | File TDS Return | How to File TDS Return Step by Step Procedure

How to file TDS Return Online | File TDS Return | How to File TDS Return Step by Step Procedure

 

Published On: Nov 09, 2021 | By: RJA


TDS REFUND | Steps for claiming TDS refund | Different refund status | tds refund process

TDS REFUND | Steps for claiming TDS refund | Different refund status | tds refund process

 

Published On: Dec 22, 2021 | By: RJA

Need help?

Request a call
from a RJA
Business Advisor.

LET'S TALK

Private Limited Company

Popular Categories

Browse Blogs

Recent Posts

Understanding the Differences between Old vs. New Tax Regime

Understanding the Differences between Old vs. New Tax Regime

Documentation for Peer Review- Audit work For CA in Practices.

Documentation for Peer Review- Audit work For CA in Practices.

Key Updates and Recommendations from the 53rd GST Council Meeting

Key Updates and Recommendations from the 53rd GST Council Meeting

 Futures and Options transactions may attract higher tax rate

Futures and Options transactions may attract higher tax rate

All about the Social Stock Exchange (SSE):

All about the Social Stock Exchange (SSE):

Connect with a RJA Advisor

Fields marked with an * are required

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Money Back Guarantee

Not happy with the service? You can request a refund at anytime within 30 days!

24/7 Support

Get support through phone, email, mobile app or live chat - 24/7, 365 days.

EMI Payment

Easily pay online with EMI payments, credit or debit card, net banking, PayPal and more.

Get In Touch--

Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001

Email: singh@carajput.com

Phone: 9555555480

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates. All Rights Reserved | Sitemap

Call Email