TDS Returns F.Y.2018-19

Dear Friend's
So The First Quarter has Ended For The Financial Year 2018-19. Now is time to file Quarterly TDS returns.

To Bring Uniformity and to give deductors sufficient time in filing TDS statement CBDT has vide Notification no. 30/2016 dated 29.04.2016 has revised due date for filing above referred TDS statements for Government and Non – Government deductors W.E.F 01.06.2016 as follows:

Quarter	Quarter Period	TDS Return Due Date	TCS Return Due Date
1st Quarter	1st April to 30th June	31st July, 2018	15th July, 2018
2nd Quarter	1st July to 30th September	31st Oct, 2018	15th Oct, 2018
3rd Quarter	1st October to 31st December	31st Jan, 2019	15th Jan, 2019
4th Quarter	1st January to 31st March	31st May, 2019	15th May, 2019

Time-Limits to Deposit|Payment TDS for FY 2018-19 

Where tax is deducted by the office of the Government: 

S. No.	Particulars	Due Date
1.	Tax Deposited without Challan	Same Day
2.	Tax Deposited with Challan	7th of next month
3.	Tax on perquisites opted to be deposited by the employer	7th of next month

  

 In any other case :

S. No.	Particulars	Due Date
1.	Tax Deductible in March	30th April of next year
2.	Other Months and Tax opted to be deposited by the employer	7th of next month

Time-Limit for Issue of TDS Certificate Form 16A
Form 16A should be issued within 15 days from the due date for furnishing the statement of tax deducted at source.

Quarter	Quarter Period	TDS Return Due Date	FORM 16A Due Date
1st Quarter	1st April to 30th June	31st July, 2018	15th Aug, 2018
2nd Quarter	1st July to 30th September	31st Oct, 2018	15th Nov, 2018
3rd Quarter	1st October to 31st December	31st Jan, 2019	15th Feb, 2019
4th Quarter	1st January to 31st March	31st May, 2019	15th June, 2019

   
Interest on late payment of TDS

Section	Nature of Default	Interest subject to TDS/TCS amount	Period for which interest is to be paid
201A	Non deduction of tax at source, either in whole or in part	1% per month	From the date on which tax deductable to the date on which tax is actually deducted
	After deduction of tax, non payment of tax either in whole or in part	1.5% per month	From the date of deduction to the date of payment

Penalty for late filing of TDS Return
Late Filing of TDS Return

Penalty (Sec 234E): Deductor will be liable to pay way of fee Rs.200 per day till the failure to pay TDS continues. However penalty should not exceed the total amount of TDS deducted for which statement was required to be filed.

Late Filing of TDS ReturnPenalty (Sec 271H): Assessing officer may direct a person who fails to file the statement of TDS within due date to pay penalty minimum of Rs.10,000 which may extended to Rs.1,00,000