CBDT extends the deadline for filing TDS for non-salary transactions till Nov 30
Contents News/Article Date: 27th October 2022
Relating to which Act: Income Tax Act 1961
Type: Central Board of Direct Taxes (CBDT) announcement
Pertains to All such companies to whom it is applicable
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Subject: CBDT extends deadline for filing TDS for non-salary transactions till Nov 30
Form 26Q is used for quarterly filing of TDS returns on payments other than salary.
For greater details, appended below is the complete news item
What is form 26Q for?
Form 26Q is used for quarterly filing of TDS returns on payments other than salary. The Central Board of Direct Taxes on Thursday extended the deadline for filing quarterly TDS statements in Form 26Q for the June quarter by a month till November 30
CBDT extends the deadline for filing TDS for non-salary transactions till Nov 30
Govt has extended the deadline to November 30
The Central Board of Direct Taxes on Thursday extended the deadline for filing quarterly TDS statements in Form 26Q for the June quarter by a month till November 30.
Form 26Q is used for quarterly filing of TDS returns on payments other than salary.
“Considering the difficulties in the filing of TDS statement in the revised and updated Form 26Q, the Central Board of Direct Taxes (CBDT) has extended the due date of filing of Form 26Q for the second quarter of the financial year 2022-23 from 31st October 2022 to 30th November 2022,” CBDT said in a statement.
The form captures the detail of the total amount paid and the tax deducted on such payments during the quarter. It would include payments on account of interest on securities, dividends, winnings from lotteries and crossword puzzles, rent, interest other than interest on securities, and fees for professional or technical services.
Some of the Agencies said taxpayers have been experiencing a number of technical issues recently, including challan mismatches, challan verification failures, and auto adjustments of challans, which made it impossible to file a TDS return on Form 26Q.
“CBDT has acknowledged it, extending the deadline by one month and giving tax deductors a much-needed reprieve. However, no such exemption is offered for TDS returns that apply to transactions involving salaries (Form 24Q) and non-residents,”