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Central Board of Direct Taxes (CBDT) has made an important announcement vide Circular No. 9/2023-Income Tax Dated: 28th June, 2023 regarding the extension of time limits for the submission of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) statements for Q1 of the financial year 2023-24.

CBDT Announcement: Extended Deadline

Exercising its power under section 119 of the Income-tax Act, 1961, the CBDT has eased compliance for taxpayers by extending crucial deadlines. The time limit for furnishing the statement of deduction of tax for the first quarter of the financial year 2023-24, initially due on July 31, 2023, has been deferred to September 30, 2023. This applies to both Form No. 26Q and Form No. 27Q, as outlined under Rule 31A of the Income-tax Rules, 1962.

TDS-TCS Submission Deadline Extended to September 30

Extension Applicable for TCS Statements as well

The CBDT’s relaxation measures extend to TCS statements as well. The deadline for submitting the statement of collection of tax for the first quarter of the financial year 2023-24, originally scheduled for July 15, 2023, has also been shifted to September 30, 2023. This extension applies to Form No. 27EQ as per Rule 31AA of the Income-tax Rules, 1962.

F.No.370149/109/2023-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Tax
North Block, New Delhi

Circular No. 9/2023-Income Tax Dated: 28th June, 2023

Sub: Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements — Reg.

The Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income-tax Act, 1961 provides relaxation in respect of the following compliances, namely:—

(i) The statement of deduction of tax for the first quarter of the financial year 2023-24, required to be furnished in Form No. 26Q or Form No. 27Q, on or before 31st July, 2023 under Rule 31A of the Income-tax Rules, 1962 (“the Rules”), may be furnished on or before 30th September, 2023.

(ii) The statement of collection of tax for the first quarter of the financial year 2023-24, required to be furnished in Form No. 27EQ, on or before 15th July, 2023 under Rule 31AA of the Rules, may be furnished on or before 30th September, 2023.

(Sourabh Jain)

Under Secretary (TPL)-I

Copy to:

1. PS to FM/OSD to FM/PS to MoS (R)/OSD to MoS(R)

2. PS to Revenue Secretary

3. Chairman, CBDT & All Members, CBDT

4. All Principal Chief Commissioners of Income-tax / Principal Director Generals of Income-tax.

5. Chief Controller of Accounts, New Delhi.

6. All Joint Secretaries/CsIT, CBDT

7. Web Manager, 0/o DGIT(Systems) with request to upload on the departmental website of http://incometaxindia.gov.in.

8. Commissioner of Income-tax (Media & TP) and official Spokesperson, CBDT, New Delhi.

9. Secretary General, IRS Association/ Secretary General, ITGOA/ All-India Income Tax SC & ST Employees’ Welfare Association / Income Tax Employees Federation (ITEF).

10. JCIT, Data-Base Cell for uploading on http://irsofficersonline.gov.in

(Sourabh Jain)

Under Secretary (TPL)-I

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