CBDT: Deadline For Giving TDS Details Extended

The Central Board of Direct Taxes (CBDT) has extended by one month, to November 30, the deadline for submitting quarterly TDS information in Form 26Q for the second quarter. The CBDT announced on Thursday that the deadline for submitting second-quarter information has been extended to November 30 due to challenges with providing information on "Tax Deduction at Source" (TDS) in the revised and updated Form 26Q.

Form 26Q is used to furnish the details of the quarterly return of TDS on non-salary payments. This form contains the details of the total amount paid and tax deducted thereon during a quarter. The deadline for submitting this form for the July-September quarter of the financial year 2022-23 was to end on October 31. But now it has been extended for a month.

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 deductors 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.