Deepak Gupta | May 9, 2018 |
Due Dates for E-Filing of TDS/TCS Return FY 2018-19 | AY 2019-20, Due Dates for E-Filing of TDS/TCS Return Interest on LatePayment
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In the previous article we have shared detailed TDS Rates Chart for FY 2018-19 | AY 2019-20and here we aresharing Due Datefor Filing TDS/TCS Return, Issuance of Form 16 and TDS Payment for FY 2017-18 | AY 2018-19.
To Bring Uniformity and to give deductors sufficient time in filing TDS statement CBDT has vide Notificationno. 30/2016 dated 29.04.2016 has revised due date for filing above referred TDS statements for Government and Non – Government deductors W.E.F 01.06.2016 as follows:
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| Quarter | Quarter Period | TDS Return Due Date | TCS Return Due Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2018 | 15th July, 2018 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2018 | 15thOct, 2018 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2019 | 15thJan, 2019 |
| 4th Quarter | 1st January to 31st March | 31st May, 2019 | 15th May, 2019 |
| S. No. | Particulars | Due Date |
| 1. | Tax Deposited without Challan | Same Day |
| 2. | Tax Deposited with Challan | 7th of next month |
| 3. | Tax on perquisites opted to be deposited by the employer | 7th of next month |
| S. No. | Particulars | Due Date |
| 1. | Tax Deductible in March | 30th April of next year |
| 2. | Other Months and Tax opted to be deposited by the employer | 7th of next month |
Form 16A should be issued within 15 days from the due date for furnishing the statement of tax deducted at source.
| Quarter | Quarter Period | TDS Return Due Date | FORM 16ADue Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2018 | 15th Aug, 2018 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2018 | 15th Nov, 2018 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2019 | 15th Feb, 2019 |
| 4th Quarter | 1st January to 31st March | 31st May, 2019 | 15th June, 2019 |
| Section | Nature of Default | Interest subject to TDS/TCS amount | Period for which interest is to be paid |
|---|---|---|---|
| 201A | Non deduction of tax at source, either in whole or in part | 1% per month | From the date on which tax deductable to the date on which tax is actually deducted |
| After deduction of tax, non payment of tax either in whole or in part | 1.5% per month | From the date of deduction to the date of payment |
Note : The above interest should be paid before filing of TDS return.
Under Section 201(1A) for late deposit of TDS after deduction, you have to pay interest. Interest is at the rate of 1.5% per month from the date at which TDS was deducted to the actual date of deposit. Note, that this is to be calculated on a monthly basis and not based on the number of days i.e. part of a month is considered as a full month.
For example, say that your payable TDS amount is Rs 5000 and the date of deduction is 11th January. Say you pay TDS on 25th May. Then the interest you owe is Rs 5000 x 1.5% p.m. x 5 months = Rs 375.
“Month” has not been defined in the Income Tax Act, 1961. However, in a number of High Court cases, it has been mentioned that it should be considered as a period of 30 days and not as an English calendar month.
This amount is to be paid from the date at which TDS was deducted, not from the date from which TDS was due.
For example, let the due date of TDS payment be 7th Juneand you have deducted TDS on 11th May. Say you have not deposited TDS by 7th June. Then you will be required to pay interest starting from 11th Mayand not 7th June.
Also consider the case in which you deposit tax one month after the due date. Say you have deducted TDS on 1st July. Then the due date is 7th august. Now say you deposit tax on 8th August(i.e. one day after the due date). Then interest is applicable from 1st Julyto 8th Augusti.e. for a period of 2 months. You now have to pay interest of 1.5% p.m. x 2 months = 3%
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In the previous article we have shared detailed TDS chart FY 2017-18 | AY 2018-19and here we aresharing Due Datefor Filing TDS/TCS Return, Issuance of Form 16 and TDS Payment for FY 2017-18 | AY 2018-19.
To Bring Uniformity and to give deductors sufficient time in filing TDS statement CBDT has vide Notificationno. 30/2016 dated 29.04.2016 has revised due date for filing above referred TDS statements for Government and Non – Government deductors W.E.F 01.06.2016 as follows:
| Quarter | Quarter Period | TDS Return Due Date | TCS Return Due Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2017 | 15th July, 2017 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2017 | 15thOct, 2017 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2018 | 15thJan, 2018 |
| 4th Quarter | 1st January to 31st March | 31st May, 2018 | 15th May, 2018 |
| S. No. | Particulars | Due Date |
| 1. | Tax Deposited without Challan | Same Day |
| 2. | Tax Deposited with Challan | 7th of next month |
| 3. | Tax on perquisites opted to be deposited by the employer | 7th of next month |
| S. No. | Particulars | Due Date |
| 1. | Tax Deductible in March | 30th April of next year |
| 2. | Other Months and Tax opted to be deposited by the employer | 7th of next month |
Form 16A should be issued within 15 days from the due date for furnishing the statement of tax deducted at source.
| Quarter | Quarter Period | TDS Return Due Date | FORM 16ADue Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2017 | 15th Aug, 2017 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2017 | 15th Nov, 2017 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2018 | 15th Feb, 2018 |
| 4th Quarter | 1st January to 31st March | 31st May, 2018 | 15th June, 2018 |
| Quarter | Quarter Period | TDS Return Due Date | TCS Return Due Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2016 | 15th July, 2016 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2016 | 15thOct, 2016 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2017 | 15thJan, 2017 |
| 4th Quarter | 1st January to 31st March | 31st May, 2017 | 15th May, 2017 |
| S. No. | Particulars | Due Date |
| 1. | Tax Deposited without Challan | Same Day |
| 2. | Tax Deposited with Challan | 7th of next month |
| 3. | Tax on perquisites opted to be deposited by the employer | 7th of next month |
| S. No. | Particulars | Due Date |
| 1. | Tax Deductible in March | 30th April of next year |
| 2. | Other Months and Tax opted to be deposited by the employer | 7th of next month |
Form 16A should be issued within 15 days from the due date for furnishing the statement of tax deducted at source.
| Quarter | Quarter Period | TDS Return Due Date | FORM 16ADue Date |
|---|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July, 2016 | 15th Aug, 2016 |
| 2nd Quarter | 1st July to 30th September | 31st Oct, 2016 | 15th Nov, 2016 |
| 3rd Quarter | 1st October to 31st December | 31st Jan, 2017 | 15th Feb, 2017 |
| 4th Quarter | 1st January to 31st March | 31st May, 2017 | 15th June, 2017 |
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