TDS Return Due Date for filing Form 26QE Extended [Read Circular]

Income Tax has issued Circular No. 4/2024 dated 7th March 2024 for Ex-post facto extension of due date for filing TDS Return Form No. 26QE which was required to be filed during the period 01.07.2022 to 28.02.2023 (pertaining to F.Y. 2022-23)​.

The specified persons who deducted tax under section 1945 of the Act during the period from 01.07.2022 to 31.01.2023, could not file Form No. 26QE and pay corresponding TDS on or before the due date, due to unavailability of Form No. 26QE. This has resulted in consequential levy of fee under section 234E and interest under clause (ii) of sub-section (1A) of section 201 of the Act.

Further, the specified persons who deducted tax under section 1945 during the period from 01.02.2023 to 28.02.2023 had insufficient time to file Form No. 26QE and pay corresponding TDS thereon.

In order to address the grievances of such specified persons and in exercise of the powers conferred under section 119(2)(a) of the Act, the Central Board of Direct Taxes (CBDT) has decided to, ex-post facto, extend the due date of filing of Form No. 26QE for specified persons who deducted tax under section 1945 but failed to file Form No. 26QE. The due date is hereby extended to 30.05.2023 in those cases where the tax was deducted by specified persons under section 1945 of the Act during the period from 01.07.2022 to 28.02.2023. The fee levied under section 234E and/or interest charged under section 201(1A)( ii) of the Act in such cases for the period upto 30.05.2023, shall be waived.

Click on Link given below to Download the Circular