The last date for filing TDS / TCS Returns for the first quarter pertaining to financial year 2012-13 is 15th July 2012 for non govt deductors and 31.07.2012 for Govt deductors. All tax deductor are strongly advised to file their returns on or before this date to avoid the recently enhanced fine and penalty that is effective from 1st July 2012.
As 15th July 2012 is a Sunday, it is suggested that returns should be filed by 14th July. However, as per the Clause 10 of General Clauses Act 1897, filing returns on 16th July 2012 should be considered as submission on time.But we recommend if TIN-FC's are accepting returns on Sunday ,15th July ,2012 then we should submit the same on the same date.
As per the newly inserted Section 234E, if a person (deductor) fails to deliver the TDS statement or TDS return in the time prescribed, then the person shall be liable to pay a fine of Rs. 200 for everyday till the default continues subject to a maximum of the total amount of tax deductible . Moreover, there are penalty provisions as defined in Section 271H. (read more about penalty on late filing of Etds return wef 01.7.2012 here)
Which software we should USE: There are many software in market but we should use that software which is easy to use and have best results and less errors.TIN-NSDL authority accepting return on behalf of Income tax department has declared most reliable ETDS software .As per data published by NSDL, TDSMAN is No. 1 in terms of highest acceptance percentage(94% return accepted) (period 01.10.2010 to 31.03.2012) compared to other software.
Use the TDSMAN Software for easy filing of your quarterly eTDS / eTCS returns.
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TDSMAN covers all types of eTDS & eTCS forms - 24Q, 26Q, 27Q & 27EQ and prints the TDS / TCS certificates - Form 16, 16A & 27D. It has the convenience to import data from Excel / Consolidated File and facility for preparation of unlimited correction returns. It covers the FY: 2012-13 and all earlier years till 2005-06.
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Due Dates For ETDS returns (Form 24Q for salary and 26Q for contractors others ,27Q for Non-resident
Due date ETDS return 24Q, 26Q 27Q and Form16 ,Form 16A
From 01.11.2011 on wards For Govt offices
For other deductors
31st July ,2012
15th August ,2012
15th May ,2013
30th May ,2013 (31st May for form 16)
30th May,2013 (31st May for form 16)