The deadline for submitting the quarterly TDS statement in Form 26Q for the June quarter was extended by one month on Thursday by the Central Board of Direct Taxes, until November 30.
For the quarterly filing of TDS returns on payments other than salaries, use Form 26Q.
The Central Board of Direct Taxes (CBDT) said in a statement that it had extended the deadline for completing Form 26Q for the second quarter of the fiscal year 2022–23 from October 31 to November 30 due to “difficulties in reporting the TDS statement in the revised and updated Form 26Q.”
The form includes information on the total amount paid during the quarter as well as the tax taken from those payments.
Payments for dividends, lottery and crossword puzzle winners, rent, interest other than interest on securities, and fees for professional or technical services would all fall under this category.
Taxpayers have recently been experiencing a number of technical issues, including challan mismatches, challan verification failures, and auto adjustments of challans, which made it impossible to file a TDS return on Form 26Q, according to Om Rajpurohit, Director (Corporate & International Tax) at AMRG & Associates.
“CBDT has recognised that and has given tax-deductibles a much-needed reprieve by extending the deadline by one month. For TDS returns that apply to transactions involving salaries (Form 24Q) and non-residents, however, no such exception is provided.
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