TDS/TCS Return E-Filing Due Dates For AY 2022-23 (FY 2021-22)

Find TDS return due dates and TCS return due dates with the time period and last date for filing for AY 2022-23 (FY 2021-22). 

TDS stands for tax deduction at source while the TCS stands for tax collected at source. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be deducted at a prescribed rate and then deposited with the government. While for the TCS, the person receiving the payment has to collect tax from the person making payment and deposit thereafter with the government.

The income Tax department of India modified file formats in relation to TDS and TCS statements. Deductors/collectors need to ready e-TDS/TCS statements according to the file formats with the help of NSDL e-Gov and return the prepared one statement through third-party software, and in-house software, for rendering to any TIN-FCs. Also Read: Procedure for Online TDS Payment? Check TDS Payment Status ?

Filing TDS Return

Every assessee whose TDS has been deducted will have to file his/her TDS return. These returns should be filed after particular intervals of time, and the information that must be submitted to the income tax authorities include TAN (Tax Deduction and Collection Account Number), amount deducted, Permanent Account Number (PAN), TDS payment, kind of payment, etc. There are late filing fees for delayed filing of TDS returns so it is important to keep the due dates in mind as well as correct documents required.

Due Dates for E-Filing TDS Returns of FY 2021-22

Last Date to Filing TCS Returns for FY 2021-22

Late Filing Fees

Failure to file your TDS returns within the due date will mean that you will be subject to a late filing fee of Rs.200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.

Penalty for TDS Return

In case TDS returns are filed after the due date, or there are discrepancies in the return forms, the following penalties shall become applicable:

Penalty under Section 234E: Under this section of the Income Tax Act, the deductor will be charged Rs.200 per day until TDS is paid, but the penalty amount cannot be more than the TDS amount. Also Read: State Bank Of India (SBI) Pension seva check benefits registration process and other details here

Penalty under Section 271H: A penalty which may range between a minimum of Rs.10,000 and a maximum of Rs.1 lakh shall be applicable in case wrong details have been submitted, such as incorrect PAN, incorrect tax amount, etc.

A penalty will not be charged under Section 271H of the Income Tax Act in case TDS/TCS returns are not filed within the due date, provided that the following conditions are applicable:

• The TDS/TCS is paid to the government’s credit.
• The filing of the TDS/TCS return is done prior to the expiry of 1 year from the due date.
• The interest and late filing fees (if any) have been paid to the government’s credit.

FAQ’s On TDS Returns Due Dates

Will I have to pay an upload fee for the correction of e-TDS/TCS returns?

Yes, an upload fee must be paid for the correction of e-TDS/TCS returns. Depending on the number of records, the fee will vary.

What are the various types of challan statuses in the TDS/TCS statement?

The various types of statuses in the TDS/TCS statement are mentioned below:

• Booked
• Match Pending
• Match Failed (Challan)
• Match Failed (Transfer Voucher)
• Provisionally Booked

Is there a software available for the preparation of TDS/TCS statement correction?

Various softwares are available to prepare the TDS/TCS statement. The details of the software providers can be found on https://www.tin-nsdl.com/services/etds-etcs/etds-swproviders-etds.html.

What are the various types of forms available for filing TDS/TCS returns?

The various types of forms available for filing TDS/TCS returns are mentioned below:

• Form 24
• Form 26
• Form 27
• Form 27E
• Form 24Q
• Form 26Q
• Form 27Q
• Form 27EQ

Who is the Administrator for e-filing?

The Director General of Income Tax (Systems) has been appointed as the e-filing administrator by the CBDT

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