Central Board of Direct Taxes (“CBDT”), extends time limit for submission of TDS and TCS statements for first quarter of the financial year 2023- 2024.

Provision of Income Tax Act 1961 (“ITA”), provides relaxation in respect of the following compliances, namely:

1. The Due date for filing a statement of deduction of tax (“TDS Return”) for the first quarter of the financial year 2023-24, in Form No. 26Q or Form No. 27Q, increased from 31^st, July 2023 to 30^th, September 2023.
2. The Due date for filing a statement of collection of tax (“TCS Return”) for the first quarter of the financial year 2023-24, in Form No. 27EQ, increased from 15^th, July 2023 to 30^th, September 2023.

Last updated: 13/07/2023

Article contributed by:

Samridhi Jain

Executive – Direct Tax

MBG Corporate Services