The circular provides for ex-post facto extension of the due dates of filing TDS/ TCS Statements, prescribed under section 200(3)/ proviso to section 206C(3) of the Income Tax Act read with Rule 31A/ 31AA of the Income Tax Rules 1962.
Accordingly, the due date of filing the statement is extended to March 31, 2014 for the Government Deductors for the statements filed for:
In view the above circular, please note the following important points:
Things to be done by PAOs/ DDOs:
Late filing of TDS statements also results into the TDS Credit not being available to the deductees (employees /vendors) for claiming the amount of tax already deducted from the payments made to them besides generating correct TDS Certificates for them.
You are accordingly advised to file TDS Statements and also get Registered on TRACES Portal, if not done already.