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Due dates for filing eTDS returns changed w.e.f. 1st November, 2011

November 2nd, 2011


——–The amendment is applicable only for Govt. Deductors——–

Income Tax Department has changed the date for filing of quarterly eTDS returns for Govt. Deductors vide notification 57/2011 dated 24.10.2011 – The due date of filing eTDS returns has been extended by 15 days for first three quarters of the Financial year but remains the same for last quarter ending 31st March. The amendment is applicable from 01.11.2011 & so it is applicable from the 3rd quarter of F.Y. 2011-12.

Please Note: The changed due dates are applicable only for Government Deductors. For other Deductors there is no change in the due dates.

 Due dates: eTDS returns 24Q, 26Q 27Q & Form16, Form 16A

Sl. No.

Date of ending of the quarter

Due dates for Govt. offices

Due dates for other deductors

eTDS return

Form 16A

eTDS return

Form 16A

1

30th June

31st July

15th August

15th July

30th July

2

30th September

31st October

15th November

15th October

30th October

3

31st December

31st January

15th February

15th January

30th January

4

31st March

15th May

30th May
(31st May for form 16)

15th May

30th May
(31st May for form 16)

Note:

This notification relates to eTDS returns covered under rule 31A means for quarterly returns for Forms – 24Q (Salary), 26Q (section 193 to 196D except entries covered in 27Q) and 27Q. As the rule 31AA has not been amended so TCS (Form 27EQ) return due dates remains unchanged unless notified later. Form 16A is to be issued within 15days from the due date of eTDS return filing. So, accordingly now 15 days more are available for issuance of Form 16A also for Govt. Deductors.

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Preparation of correction TDS / TCS statement

July 16th, 2011

As directed by DIT (Systems), deductors/collectors are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file is provided to registered TANs. Detailed procedure for registration of TAN and procuring consolidated TDS/TCS file is available at TIN website (www.tin-nsdl.com) under the service menu.

In view of the above you are advised to prepare correction statement using consolidated TDS/TCS file provided by TIN.

It is also informed that update of section code in quarterly TDS/TCS statement is allowed in case status of the challan/ transfer voucher is booked/ provisionally booked.

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TIN-NSDL to provide TDS Certificate – Form 16A

July 15th, 2011

CBDT has recently vide Circular No. 3/2011 permitted issue of certificate for tax deducted at source (TDS certificate) with digital signature for TDS from income other than salary income (non-salary TDS) in Form 16A. The Deductors exercising this option need to download Form 16A from the Tax Information Network (TIN) website.

The new facility is available for issue of Form 16A from financial year 2010-11 onwards. The Circular states that Companies, Banks & Deductors engaged in banking business will need to mandatorily issue Form 16A downloaded from the TIN website from FY: 2011-12.

Visit www.tin-nsdl.com for more details

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New & improved JS@eTDS Software released

June 16th, 2011

The JS@eTDS Software for the F.Y. 2011-12 has been released with many new features & added improvements and is economically priced at Rs. 1195/- only.

Newly added features in JS@eTDS (F.Y. 2011-12):

  • Integrated NSDL FVU
  • Auto download of CSI file
  • FVU generation in a click
  • Data import from FVU files
  • Reports in PDF/Excel/Word
  • Web based instant updation

Use the JS@eTDS Software for convenient filing of your eTDS and eTCS returns on time. Click here to Order Now

You can also start processing your first quarter returns for F. Y. 2011-12 at no cost using the new Trial Version of JS@eTDS. Click here to download the Trial Version

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New File Validation Utilities (FVU) released by NSDL

March 22nd, 2011

NSDL has released new File Validation Utilities (FVU) as under:-

1.  FVU 3.1       (Applicable for F.Y.2010-11 onwards)

2.  FVU 2.130   (Applicable up to F.Y.2009-10)

The key features of the File Validation Utility (FVU) version 3.1:

  1. FVU 3.1 will be applicable for quarterly TDS / TCS statements pertaining to F.Y. 2010-11 onwards and will be mandatory w.e.f. April 01, 2011.
  2. It will be mandatory to quote Mobile No. in quarterly TDS / TCS statements for Deductor category other than Central Govt. and State Govt.
  3. Re-introduction of PAN Reference No. field in deductee / collectee details.
  4. Provision to quote the deduction under Section 80CCF in Salary Details (applicable for 24Q – Q4).
  5. ‘Surcharge’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  6. ‘Education Cess’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  7. ‘Net Income tax payable’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  8. Highlighting of transaction where tax has not been deducted as threshold limit is not exceeded (as per the provisions of Income Tax Act) in the first quarter (s) but in subsequent quarter has exceeded the threshold limit.

For further details please visit http://tin-nsdl.com/

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