TDS/TCS Compliance for 4th Quarter of FY: 2016-17

TDS/TCS Compliance for 4th Quarter of FY: 2016-17 has been given below:

Last date for filing of TDS returns for Q4 of FY:2016-17 – 31st May, 2017
Last date for issuance of TDS certificates for Q4 of FY:2016-17 – 15th June, 2017
Last date for issuance of TCS certificates for Q4 of FY:2016-17 – 30th May, 2017

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.

• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Use TDSMAN Software to simplify your TDS Returns preparation and effectively handle defaults and corrections.

 

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