CBDT has notified the Revised Quarterly TDS Return Due Dates, applicable w.e.f. 01/06/2016 (from Financial Year 2016-17). However, there is no change in due dates for filing of Quarterly TCS Returns.
This amendment was primarily brought about by the CBDT in order to unify the TDS Return Due Dates, which refer to the dates by which both the government and non-government deductors are required to submit their TDS Return or Statement. Previously, non-government deductors were only given 15 days for each respective quarter, whereas government deductors were given a full month to submit their TDS returns in regard to the first three quarters.
Following the implementation of the aforementioned amendments, the grace period for TDS compliance will be the same for both government and non-government deductors, and there will be no discrimination of any kind in this regard; more specifically, the dates by which TDS returns are due will be the same for both types of deductors.
In addition, it is quite encouraging that the CBDT has decided to grant ample time to deductors in order for them to ensure proper compliance with the requirements of the TDS provisions.
Quarterly TDS Return Due Dates (Revised), Applicable from FY 2016-17
|Quarters of each Year||Revised TDS Return Due Dates|
|First (1st April to 30th June)||31st July|
|Second (1st July to 30th September)||31st October|
|Third (1st October to 31st December)||31st January|
|Fourth (1st January to 31st March)||31st May|
CBDT Income Tax Notification 30/2016 dt. 29/04/2016: Revised Quarterly TDS return due dates
It may however be noted that above Notification has no effect on filing of quarterly TCS returns/ statements, i.e. there is NO CHANGE in the TCS Return Due Dates.
Quarterly TCS Return Due Dates (No Change)
|Quarters of each year||Existing TCS Return Due Dates|
|First (1st April to 30th June)||15th July|
|Second (1st July to 30th September)||15th October|
|Third (1st October to 31st December)||15th January|
|Fourth (1st January to 31st March)||15th May|