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TDS Return Last Date Compliance Deadlines


tds return last date

Navigating TDS Return Filing: Understanding the Last Date and Compliance


Tax Deducted at Source (TDS) is a mechanism wherein a person making specified payments (such as salary, interest, or professional fees) deducts tax at the source and remits the same to the government. TDS return filing is a crucial aspect of compliance for entities responsible for deducting TDS. In this article, we delve into the significance of TDS return filing, the last date for submission, and the compliance requirements associated with this process.

Understanding TDS Return Filing:

a. Legal Obligation: Entities, including businesses and individuals, are legally obligated to deduct TDS at specified rates and file TDS returns with the Income Tax Department.

b. Multiple Forms: TDS return filing involves the use of different forms based on the nature of transactions. Common forms include Form 24Q for salary TDS, Form 26Q for non-salary TDS, and Form 27Q for TDS on payments made to non-residents.

Importance of TDS Return Filing:

a. Revenue Collection: TDS serves as a tool for the government to collect taxes at the source, ensuring a steady flow of revenue.

b. Transparency and Accountability: TDS return filing promotes transparency and accountability in financial transactions, as it requires detailed reporting of TDS deducted and deposited.

c. Facilitates Refunds: For deductees, TDS return filing is crucial for claiming refunds of excess TDS deducted, as reflected in their Form 26AS.

Last Date for TDS Return Filing:

a. Quarterly Filing: TDS return filing is generally done on a quarterly basis. The due dates for filing TDS returns are as follows:

April to June (Quarter 1): July 31
July to September (Quarter 2): October 31
October to December (Quarter 3): January 31
January to March (Quarter 4): May 31
b. Annual Return: In addition to quarterly filings, an annual TDS return (Form 24Q, 26Q, or 27Q) is filed by May 31 following the end of the financial year.

Compliance Requirements for TDS Return Filing:

a. Correct Deduction and Deposit: Entities must ensure that TDS is correctly deducted at the prescribed rates and deposited with the government within the stipulated time.

b. Accurate Reporting: Accurate reporting of TDS details, including PANs of deductors and deductees, amounts deducted, and deposit details, is crucial for compliance.

c. Timely Filing: Strict adherence to the prescribed due dates for quarterly and annual TDS return filing is essential to avoid penalties and interest.

d. Verification of Challans: The TDS return must be verified with the relevant challans to reconcile the TDS amounts deducted and deposited.

Penalties for Late TDS Return Filing:

a. Late Filing Fees: Entities failing to file TDS returns within the due dates are subject to late filing fees. The amount varies based on the delay in filing.

b. Interest Charges: Late filing may also attract interest charges on the amount of TDS deducted but not deposited within the prescribed time.

Filing TDS Returns Online:

a. Digital Platforms: TDS returns are filed online through the government’s official e-filing portal or authorized intermediaries.

b. Digital Signature: Entities may choose to file TDS returns with a digital signature for added security and authenticity.

c. Acknowledgment: Upon successful filing, a TDS return acknowledgment (Form 27A) is generated, serving as proof of filing.


TDS return filing is an integral part of tax compliance, ensuring transparency and accountability in financial transactions. Entities responsible for deducting TDS must adhere to the prescribed due dates, accurately report TDS details, and fulfill all compliance requirements. Timely and accurate TDS return filing not only avoids penalties and interest but also contributes to the efficient functioning of the tax administration system. As technology continues to play a pivotal role in tax compliance, the ease of online filing has streamlined the process, making it more accessible for entities across the spectrum of financial transactions.,

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This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions.


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