CBDT has notified the New/ Revised Quarterly TDS Return Due Dates, applicable w.e.f. 01/06/2016 (from Financial Year 2016-17 and onwards). However, there is no change in due dates for filing of Quarterly TCS Returns.
The CBDT has basically made this amendment to unify the TDS Return Due Dates, i.e. due dates for submission of TDS Return or Statement both by Government and Non Government deductors. Earlier Government deductors were getting full one month for submission of TDS returns in respect of first three quarters, whereas Non Government deductors were getting only 15 days for respective quarters. After the above amendments, both Government as well Non Government deductors will get the same grace period for TDS compliance and there will be no discrimination as such, i.e. TDS return due dates will be the same for both type of deductors. Also, it’s really a welcome move of the CBDT to give sufficient time to deductors to make adequate compliance with the requirements of provisions of TDS.
Amended/ revised Quarterly TDS Return Due Dates, Applicable for FY 2016-17 and onwards
|Quarter||Revised TDS Return Due Dates|
|1 April to 30th June||31st July|
|1 July to 30th September||31st October|
|1 October to 31st December||31st January|
|1 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.
TCS Return Due Dates (Filing of Quarterly TCS Returns or Statements)
|Quarter||Existing TCS Return Due Dates|
|1 April to 30th June||15th July|
|1 July to 30th September||15th October|
|1 October to 31st December||15th January|
|1 January to 31st March||15th May|