TDS Due dates, Return, Certificates For March 2018 [FY 2018-19]

| 2 years ago

TDS

 

Due date for the deposit of TDS (Tax deduction at source)

                   Situation Due Date
1 TDS deducted by an office of  the government(without challan) same day of deduction
2 TDS deducted by an office of  the government(with challan) 7th day from the end of the month in which tax is deducted
3 Tax deducted by a person other than an office of the government If deducted in March then Deposit TDS by April 30 and in other case tax should be deposited within 7 days from the end of the month in which tax is deducted.
4 Any sum deducted under section 194-IA Deposite TDS within a period of 30 days from the end of the month in which the deduction and
Use Form No. 26QB.
5 Any sum deducted under section 194-IB Deposite TDS within a period of 30 days from the end of the month in which the deduction and
Use Form No. 26QC.

Modes of TDS Payment

                                           Assessee Mode of payment
1 Corporate assesses Electronic Payment
(mandatory)
2 Assesses who is liable for Tax Audit (section 44AB) Electronic Payment
(mandatory)
3 Any other Assessee Physically in Challan no.281
or
Electronic Payment (optional) 


Forms For Quarterly TDS Return 

Particulars   Form No.
TDS from salary under section 192   24Q
     
TDS when deductees are non-resident, foreign company and person who are resident but not ordinarily resident   27Q
     
TDS under section 194-IA   26QB
     
TDS in any other case   26Q

 

Due date of submission of Quarterly TDS returns

For the Period (Quarter) Last (due) date of submission of quarterly TDS return
1st April – 30th June 31st July 2018
1st July – 30th September  31st October 2018
1st October – 31st December  31st January 2019
1st January – 31st March 31st May 2019 [For FY 2017-18, 31st May 2018]

 

Last date for issuing TDS/TCS certificate

Form No Period Due date
Form no. 16 and form 12BA  Annual For FY 2017-18 – On or before 15th June 2018

and

For FY 2018-19 – On or before 15th June 2019

(any delay will cost penalty @ Rs.100 per day and maximum penalty can be up to amount of TDS)

     
Form no. 16A/form no. 27D Quarterly Within 15 days from the due date of furnishing quarterly TDS/TCS return.
     
Form no. 16B

 

 

Form no 16C

 

 

Within 15 days of furnishing challan in Form no. 26QB

 

Within 15 days of furnishing challan in Form no. 26QC

 

 

Note

The time limit given above is not applicable in the case of TDS under section 194-IA. In the case of section 194-IA, challan of electronic deposit of TDS (i.e, form No. 26QB) is itself taken as a quarterly statement of TDS (no separate statement of TDS is to be submitted).

 

Also Read

  1. TDS Under GST
  2. Tax Benefit of LIC and its TDS
  3. TDS on Employee Contribution in PF (u/s 192a)

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