Extension of time limit for filing of TDS Return
As the filing of e-TDS returns is an onerous task, it is very difficult for assessees to collate and compile all the voluminous data/information for filing of TDS returns within 15 days from the end of the relevant quarter. Further, as the payment challans from banks reach the deductors by 10th of the next
month, it become all the more difficult to file returns within a short span of time.
It is suggested that due date for furnishing of the TDS returns may be extended to 30 days from the end of the quarter instead of 15 days.
Source- Pre-budget Memorandum 2014 on direct taxes by (Institute of Chartered Accountants of India (ICAI)