Don’t miss the latest developments in business and finance.

Due-Date of Filing of TDS/TCS Statements for FY13 (2nd to 4th Quarter) and FY14 (1st to 3rd Quarter) Extended upto 31 March 2014 for Govt Deductors

Image
Capital Market
Last Updated : Mar 11 2014 | 11:57 PM IST
The Central Board of Direct Taxes (CBDT) had received several petitions from various deductors requesting waiver of fee levied u/s 234E of the Income-tax Act for delay in filing of TDS/TCS statements. It was stated that the delay was because of certain difficulties being faced by the Government deductors for reasons beyond their control. On a consideration of the difficulties being cited by the deductors, the CBDT has decided, as a one-time exception, to ex-post facto extend the due date of filing of TDS/TCS statements for FY 2012-13 (2nd to 4th Quarter) and FY 2013-14 (1st to 3rd Quarter) to 31 March 2014 in the case of Government deductors. This will have an effect of automatic waiver of the fee u/s 234E so levied. However, any fee already paid by a Government deductor shall not be refunded.

Powered by Capital Market - Live News

Also Read

First Published: Mar 11 2014 | 11:15 AM IST

Next Story