Posts Tagged ‘eTDS returns’

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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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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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Due date for filing of TDS / TCS returns of Quarter 3

January 7th, 2011

The last date for filing TDS / TCS returns for the third quarter (Q3) of F.Y. 2010-11 is 15th January, 2011.

With JS@eTDS Software you have a convenient option of generating your eTDS returns and subsequently generating & priniting TDS certificates.
Further, also note, last date for issuance of the TDS certificate for the third quarter (Q3) is 30th January, 2011.

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Interest for non payment of TDS after deduction

December 30th, 2010

The interest rate on default on TDS compliance has been amended by the Finance Act 2010, according to which an assessee is regarded to be in default on the following instances:

 a)     Does not deduct the tax at source (either wholly or partly) from payments on which tax is required to be deducted under the Act.

b)    After deducting does not pay the same into the Government Treasury.

The Finance Act, 2010 has amended the said provisions and interest shall be levied as under:

•   At one percent for every month or part of a month from the date on which such tax was deductible to the date on which such tax is deducted; and

•   At one and one-half percent for every month or part of a month from the date on which such tax was deducted to the date on which such tax is actually paid.

The amended provisions are effective from 1st July, 2010.

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eTDS Return Processing – CBDT instructions on short deduction by small amounts

December 17th, 2010

INSTRUCTION NO. 8/2010 [F.NO. 275/73/2009-IT(B)] dated 8.12.2010 states that, in the present system of processing of e-TDS returns, the returns are processed online and mismatch report showing defaults on various accounts is generated. Based on this mismatch report, the assessing officers issue show-cause notices to the deductors and take follow up actions. 

1. It has come to the notice of the Board that substantial number of TDS returns are pending where the deductee-wise default on account of short deduction of tax is less than Rs. 10.

2. This issue has been considered by the Board and it has been decided that:(i)  where the default on account of short deduction is less than Rs. 10 for each deductee, the demand is round off to zero; and (ii)  after considering (i) above, deductor-wise demand/default, if any, of Rs. 100 or less will also be ignored for further action.

3. However, the DDOs in such cases may be warned to be careful in future so as to ensure that they do not become habitual in short deduction of tax.

4. Earlier Instruction No. 11/2007, dated 18-12-2007 issued under F. No. 385/56/2007-IT(B) on the subject stands superseded by this instruction.

5. These instructions shall apply to all TCS/TDS cases under all Direct Tax Enactments. These instructions will come into force immediately.

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