The Centralized Processing Cell (TDS) has issued a reminder to deductors regarding the non-filing of TDS Statement 26Q for Quarter 2 of Financial Year 2024-25. While records show that the statement was filed for Q2 FY 2023-24, it remains pending for the current fiscal year as of January 24, 2025. Deductors must file the applicable statement or submit a declaration of non-filing via the TRACES portal. Non-compliance with the provisions of Section 200(3) of the Income Tax Act, 1961, read with Rule 31A, may result in penalties under Section 234E at the rate of ₹200 per day of delay. Such delays also hinder deductees from claiming TDS credits and obtaining TDS certificates, which are valid only if downloaded from TRACES. Deductors are advised to ensure timely compliance to avoid penalties and facilitate smooth TDS credit processing for taxpayers. Further assistance is available through the CPC (TDS) toll-free helpline.
CPC (TDS) Reminder Communication to Deductors: TDS Statement filed for 26Q Quarter 2 F.Y. 2023-24, not filed yet for Quarter 2 F.Y. 2024-25
Dear Deductor,
As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statement for 26Q, Quarter 2, F.Y. 2023-24; however, This TDS Statement has not been filed for Quarter 2 F.Y. 2024-25; as of 24th January,’2025.
If you are not required to submit the relevant statement, you are requested to submit a declaration by taking appropriate action as suggested under “Action to be taken” in this communication. Otherwise, your urgent attention is invited to relevant CBDT Circulars and provisions of the Income Tax Act, mandating filing of TDS Statements and Issuance of TDS Certificates downloaded from TRACES.
1. Mandatory filing of TDS Statements:
Please refer to the provisions of section 200(3) of the Income Tax Act, 1961 read with Rule 31A, which reads as follows:
Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorized by the Director General of Income-tax (Systems), namely:
- Statement of deduction of tax under section 192 in Form No. 24Q;
- Statement of deduction of tax under sections 193 to 196D in-
- Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and
- Form No. 26Q in respect of all other deductees.
It is, therefore, advised to file the applicable TDS Statements at the earliest to comply with the above provisions.
2.Implications of Non/ Late filing of TDS Statements:
For Deductors:
In case of late filing of TDS Statements, a fee shall be levied on the deductor u/s 234E of the Act, which reads as under:
Where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues.
For Tax payers:
Non/ Late filing of TDS statements results into the TDS Credit not being available to the deductees. They, therefore, will not be able to claim the credit for tax already deducted from the payments made to them. Please note that TDS Certificates will not be available until the TDS Statements are duly filed.
3. Actions to be taken:
Please file the relevant TDS Statement without any further delay.
If you are not required to file the same, please submit a declaration for Non-filing on TRACES. For this purpose, you can login to TRACES, navigate to “Statements/ Payments” menu and submit details under “Declaration for Non-Filing of Statements”.
Issue TDS certificates after generating and downloading the same from TRACES. TDS Certificates downloaded only from TRACES Portal will be valid.
For any further assistance, you may call our toll-free number 1800 103 0344.
CPC (TDS) is committed to provide best possible services to you.
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