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TDS Return – Due Date, Penalty and Forms

TDS Return Filing Due Date (Applicable from 1st Quarter of 2016-17)

Quarter

Last Date for Filing Return

1st April to 30th June

31st  July

1st July to 30th September

31st October

1st October to 31st December

31st January

1st January to 31st March

31stMay

 

TDS Return Filing Due Date (Applicable upto 4th Quarter of 2015-16)

Quarter

Last Date for Filing Return

1st April to 30th June

15th July

1st July to 30th September

15th October

1st October to 31st December

15th January

1st January to 31st March

15th May


Forms for submitting TDS statements

Particular Form No.
Tax deduction from salary under sec 192 24Q
Tax deduction when deductees are non-resident (not being a company), foreign company and persons who are not ordinarily resident 27Q
Tax deduction in any other case 26Q


Notes – TDS return for the below assessee shall be filled electronically:-

  1. an office of Government
  2. a corporate assessee
  3. a person required to get his accounts audited under section 44AB in the immediately preceding financial year
  4. the number of deductees’ records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty


Penalty for delay in furnishing the TDS Return  (refer section 234E of Income Tax Act)

1) Penalty of Rs. 200 per day shall be payable for any delay in furnishing the TDS statement.
2) The total fees should not exceed the total amount of TDS made for the quarter.
3) The late filing fee should be paid before filing such delayed TDS statement.

Penalty for failure to furnish statements and furnishing incorrect statements: (refer section 271H of Income Tax Act)

  • Delay in filling TDS statement for more than a year from the due date of filling or
  • furnishing incorrect details in the statement filed like PAN, Challan and TDS Amount etc

Will result in a penalty ranging from Rs. 10,000/- to Rs. 1,00,000/-.

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