Extension of Due Date for Filing of TDS Return in Form 26Q for Q2 of FY 2022-23
Extension of Due Date for Filing of TDS Return in Form 26Q for Q2 of FY 2022-23
The CBDT has extended the last Date for submitting the TDS Return/ Statement in Revised/ Updated Form 26Q, relating to non-salary deductions of tax at source, for the second quarter (Q2) of the Financial Year (FY) 2022–23 (July-September 2022) from October 31, 2022, to November 30, 2022. The present article briefs the Extension of Due Date for Filing of TDS Return in Form 26Q for Q2 of FY 2022-23
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Extension of Due Date for TDS Statements for Q2 of FY 2022-23
On consideration of difficulties arising in the timely filing of the TDS statement in Form 26Q on account of the revision of its format and consequent updating required for its filing, the Central Board of Direct Taxes, in the exercise of its powers under section 119 of the Income Tax Act, 1961, at this moment extends the due date of filing of Form 26Q for the second quarter of the financial year 2022-23 from 31/10/2022 to 30/11/2022.
CBDT vide Circular No. 21/2022 dated 27.10.2022 has announced this extension of the Date for furnishing TDS statements or TDS returns in Form No. 26Q from 31.10.2022 to 30.11.2022. A copy of the order released on 27.10.22 is given below for reference:
Extension of Due Date for Filing of TDS Return in Form 26Q for Q2 of FY 2022-23Important Announcement for Taxpayer
It should be noted that only the due date for filing TDS statements in Form No. 26Q in the second quarter of 2022 has been extended, and there has been no change to the due Date for filing all other TDS Returns or Statements (Form 24Q/ 27Q).
TDS Return Filing
Apart from depositing the tax, the deductor must do TDS return filing. TDS return filing is a quarterly statement to be given to the Income Tax department. It is necessary to submit the TDS returns on time. TDS return filing can be done entirely online. Once the TDS returns are submitted, the details will come up on Form 26 AS. While filing the TDS returns, the various information to be mentioned are:
- PAN of the deductor and the deductee.
- Amount of tax that is paid to the government
- TDS challan information
- Others, if any.
TDS Statements
According to section 200(3), every deductor is required to furnish a statement of tax deduction and deposit of TDS in the prescribed form and within the specified time limit after paying the tax deducted to the credit of the Central Government within the stipulated time.
Per Rule 31A of Income Tax Rules, 1962, the TDS statement must be filed electronically with the Income Tax department.
Form No. 26Q – Non-Salary Deductions
Form No. 26Q is applicable for reporting information of tax deducted at source from resident deductees other than salary. The form mentions the total amount paid during the quarter and the TDS amount that has been removed. Form 26Q has to be submitted every quarter. For salary deduction, a TDS statement in Form No. 24Q is furnished, whereas for non-resident deductees TDS statement in Form No. 27Q is required.
Due Date for filing TDS
Rule 31A(1)(b)(ii) and 31A(2) prescribe filing of quarterly TDS statements under section 200(3) in Form No. 26Q within the following time limits:
| Date of ending of a quarter of the financial year | Due Date of filing of TDS statements |
| June 30 | July 31 of the financial year |
| September 30 | October 31 of the financial year |
| December 31 | January 31 of the financial year |
| March 31 | May 31 of the following financial year |
Therefore, the time limit to furnish the quarterly TDS statement for the 2nd quarter of the FY 2022-23 that ended on September 2022 is 31st October 2022.
This due Date for filing TDS statements for the 2nd quarter of FY 2022-23 has now been extended to 30.11.2022.
