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TDS – Quarter 3 Compliances and penal provisions 

TDS (Tax Deducted at Source) is one of the modes of collecting income tax from the assessees in India. This is governed under Indian Income Tax Act, 1961, by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS), Ministry of Finance, Govt. of India. 

In simple terms, TDS is the amount of tax getting deducted from the person (Employee / Deductee) by the person paying (Employer/Deductor). 

It is very important to file TDS returns on time because late filing can result in paying late filing fees according to Section 234E 

Mandatory Fees and Penal provisions 

Therefore, file your TDS returns properly and on time to avoid penalty for late filing of TDS returns. 
TDS/TCS Compliances for 3rd Quarter of F.Y. 2012-13 

  • · Last date for payment of tax deductions/collections for December 2012 - 7th January, 2013 
  • · Last date of filing of TDS/TCS returns for Q3 of F.Y. 2012-13 - 15th January, 2013 
  • · Last date for issuance of the TDS/TCS certificates for Q3 - 30th January, 2013 
Moreover, it has been rated no.1 as per NSDL data as acceptance of Correction Returns.

Some of its features are: 

· Supports unlimited deductors / companies, deductees, employees 

· Preparation of eTDS & eTCS returns for Forms 24Q, 26Q, 27Q, 27EQ 

· Auto-generation of Form 16, 16A, 27A, 27B, 27D 

· Printing of TDS, TCS certificates - 16, 16A, 27D 

· Interface for online requests to TIN 

· In-built utility for Import / Export of data from MS-Excel 

· Option of importing / retrieving data from Consolidated files 

· Data backup and restore facility 

· integrated File Validation Utility (FVU) 

· Generation & printing of various types of customized utility reports 

· Report generation in PDF formats 

· Online updates 

· Challan verification 

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
Sl. No.
Quarter ending
From 01.11.2011 on wards For Govt offices 
For other deductors
Etds return
Form 16A
Etds return
Form 16A
30th June,2012
31st July ,2012
15th August ,2012
15th July,2012
30th July,2012
30th September,2012
31st October,2012
15th November,2012
15th October,2012
30th October,2012
31st December,2012
31st January,2013
15th Feburary,2013
15th January,2013
30th January,2013
31st March,2013
15th May ,2013
30th May ,2013     (31st May   for form 16)
15th May,2013
30th May,2013        (31st May for form 16)
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DUE DATE E TDS RETURN Q3 FORM 26Q,24Q 15TH JAN 2013 Reviewed by RAJA BABU on 1/12/2013 Rating: 5 TDS – Quarter 3 Compliances and penal provisions  TDS (Tax Deducted at Source) is one of the modes...

1 comment:

  1. I was working for small company and my employer had deducted TDS from our salary. My question is there any way by which one can come to know if ex-employer has filed the TDS returns and the deposited the amount that he has collected. Is it possible for ex-employees to see these details? If so pls provide link and steps on how to do this so that we can verify. Thanks.