New Delhi: The Central Board of Direct Taxes has extended the deadline for filing quarterly TDS statement in Form 26Q for the June quarter by a month till November 30. Form 26Q is used for the quarterly filing of TDS returns on payments other than salaryAlso Read – Central Board of Direct Taxes Extends Deadline Till THIS Date
“Considering the difficulties in 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 financial year 2022-23 from 31st October, 2022 to 30th November, 2022,” CBDT said in a statement. Also Read – Centre extends Deadline for Filing Tax Audit Report Till October 7
The form captures details of total amount paid and tax deducted on such payments during the quarter. It would include payments on account of interest on securities, dividend, winnings from lotteries and crossword puzzles, rent, interest other than interest on securities, fees for professional or technical services. Also Read – CBDT Issues Revised Guidelines For Compounding of Offences Under Income Tax Act. What It Means
AMRG & Associates Director (Corporate & International Tax) Om Rajpurohit 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 deducters a much-needed reprieve. However, no such exemption is offered for TDS returns that apply to transactions involving salaries (Form 24Q) and non-residents,” Rajpurohit added.
(With PTI Inputs)
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