Extension of time limit for filing of TDS Return

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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)

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Category : Income Tax (25143)
Type : Articles (14565)
Tags : ICAI (2179) TDS (899)

0 responses to “Extend time limit for filing of TDS Return – ICAI Suggests”

  1. R.K.VERMA says:

    thanks for suggestion to extend the due date of filing of tds returns. it should be for all first 3 quarters as usual and for last quarter the due date is to be may 15 every year.

  2. nijaguna says:

    If All Quarter Return Ending TDS Return Filling Due Date before the Next Month is very good suggestion but I Want rectification and if this return pattern also annually as like Income Tax return and Challan Submission and deposit Time Limit With 15 Day after Closing the Month i.e. for period 01.04.2014 to 30.04.2014 challan will be deposited before 15.05.2014 and return of Tds for periond 01.04.2014 to 31.03.2015 will be filed up to 30.04.2015 with consolidation of details of deductee TDS Volume . And Also a Declaration will be submitted in department for deposit of challan and TDS deduction total Amount is quarterly mode only –
    it is very good suggestion and also directly the amount should be credited to concerned deductee without filing e-return, as if the pf and esi etc., authorities will doing the same thing.

  3. s sudarshana says:

    30 days time is quite adequate.

  4. A.Roy Choudhury says:

    not all deductors deposit TDS through net banking, so when TDS is deposited at branch of some bank the challans are received after a few days. Thereafter there is just two/ three days to complete filling up TDS Return, check for errors and upload. hence some extension is necessary.

  5. Ramesh says:

    For filing TDS return we must download .csi file which will be available after 3 days of payment of Tax. means if you make payment on 07th it will get reflected on 10th i think this is the intention of the author.

    And according to me it is better to extend the time to 30 days

  6. s sudarshana says:

    When it is paid online, we can get the challans immediately. The problem comes in office or some authority deducts from you and dont deposit to IT department. Generally it takes about 1-2 weeks for TDS deducted and credited into the PAN of the assessee as shown in 26AS. When financial year ends in March, giving time beyond April end is not justified.

  7. S K Inani says:

    If All Quarter Return Ending TDS Return Filling Due Date before the Next Month is very good suggestion but I Want rectification and if this return pattern also annually as like Income Tax return and Challan Submission and deposit Time Limit With 15 Day after Closing the Month i.e. for period 01.04.2014 to 30.04.2014 challan will be deposited before 15.05.2014 and return of Tds for periond 01.04.2014 to 31.03.2015 will be filed up to 30.04.2015 with consolidation of details of deductee TDS Volume .

    And Also a Declaration will be submitted in department for deposit of challan and TDS deduction total Amount is quarterly mode only

  8. Gaurav Shah says:

    I appreciate the extension of TDS returns filing due date, but, as per my knowledge, the TDS payments challans are immdiately available for the print after payment of TDS through net banking.

  9. s sudarshana says:

    If the writer intention is to suggest to extend upto 30th April, it is welcome. Weather they (the deductors) give the TDS to assessees or not, at least it must be reflected by May 10th latest.

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