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Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and/or Non Collection of Tax at Source

F.Ro. DGIT(S)/CPC(TDS)/NOTIFICATION/2016-17
Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income-tax(Systems)
New Delhi.

Notification No. 12/ 2016

New Delhi, 8th December, 2016

Subject: — Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and/or Non Collection of Tax at Source – Reg.

1. As per first proviso to sub-section (6A) of section 206C of Income-tax Act, 1961, any person, other than a person referred to in sub-section (ID), responsible for collecting tax in accordance with the provisions of this section, who fails to collect the whole or any part of the tax on the amount received from a buyer or licensee or lessee or on the amount debited to the account of the buyer or licensee or lessee shall not be deemed to be an asses see in default in respect of such tax if such buyer or licensee or Iessee —
(i) has furnished his return of income under section 139;
(ii) has taken into account such amount for computing income in such return of income; and
(iii) has paid the tax due on the income declared by him in such return of income,
and the person furnishes a certificate to this effect from an accountant in such form as may be prescribed.
2. As per sub-rule (1) of Rule 37J of Income-tax Rules, 1962, the certificate from an accountant under the first proviso to sub-section (6A) of section 206C shall be furnished in Form 27BA to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems) in accordance with the procedures, formats and standards specified under sub-rule (2), and verified in accordance with the procedures, formats and standards specified under sub rule (2).

Click here to read full notification

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Due dates for filing of Statement and Challan

The due dates for filing statements for different forms are as per the below table:

Quarter Period Government Deductor Non-Government Deductor
Q1 1 Apr-30 June 31st July 15th July
Q2 1 July-30 Sep 31st Oct 15th Oct
Q3 1 Oct-31 Dec 31st Jan 15th Jan
Q4 1 Jan-31 Mar 15th May 15th May

Form 24Q, Form 26Q & Form 27Q

Period  Government Deductor Non-Government Deductor
Tax Deducted from April to February Tax deposit without Challan i.e. through Book entry-Same Day 

Tax Deposit Through Challan

7th of Next Month

7th of next month
Tax Deducted in March from 1st to 31st March Tax deposit without Challan i.e. through Book entry-Same Day

Tax Deposit Through Challan

7th of Next Month

30th April

The Due Date of Filing Quarterly Statement of TCS (27EQ) is as below:

Quarter Period Government Deductor Non-Government Deductor
Q1 1 Apr-30 June 15th July 15th July
Q2 1 July-30 Sep 15th Oct 15th Oct
Q3 1 Oct-31 Dec 15th Jan 15th Jan
Q4 1 Jan-31 Mar 15th May 15th May

Source: TRACES

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CBDT press release: Extension of due date for deposit of TDS and TCS for the State of Tamil Nadu

CBDT has issued a press release regarding extension of due date for deposit of tax deducted at source and tax collected at source for the State of Tamil Nadu.

The issued press release has been given below:

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes 

PRESS RELEASE

New Delhi, 7th December, 2015

Subject: Extension of due date for deposit of tax deducted at source and tax collected at source for the State of Tamil Nadu – regarding

Chennai and a large part of Tamil Nadu have received unprecedented rainfall leading to flooding of large areas and disruption of normal life, including business and commerce. Given the extent of disruption, it is considered expedient in public interest to extend the due date for deposit of tax deducted at source and tax collected at source to provide relief to the deductors located in the State of Tamil Nadu.

The Central Board of Direct Taxes, in exercise of its powers conferred under section 119 of the Income-tax Act, 1961 ( the Act) has issued an Order extending the date for deposit of tax deducted at source [under section 200(1) of the Act] and tax collected at source [under section 206C (3) of the Act] during the month of November 2015 from 7th of December to 20th December, 2015 in respect of deductors located in the State of Tamil Nadu.

The Order is available on the website of the Department at www.incometaxindia.gov.in

(Shefali Shah)

Pr. Commissioner of Income Tax (OSD)

Official Spokesperson, CBDT

Source: Income Tax

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CBDT extends due date for payment of TDS/TCS for Tamil Nadu

CBDT has extended the due date for deposit of tax deducted at source (TDS) and tax collected at source (TCS) during the month of November from December 7 to December 20, in respect of deductors located in Tamil Nadu.

F.No. 385/26/2015-IT(B)

Government of India

Ministry of Finance

Central Board of Direct Taxes

(CBDT)

New Delhi, Dated: 5th December, 2015

Order under section 119 of the Income-Tax Act, 1961

Sub: Extension of time for deposit of tax deducted at source and tax collected at source for the State of Tamil Nadu.

In exercise of the powers conferred under kction 119 of the Income‑Tax Act, 1961 (the Act), the Central Board of Direct Taxes hereby extends the due date [under section 200 (1) of the Act] for paying to the credit of the Central Government, tax deducted at source and the due date [under 206C (3)] for paying to the credit of the Central Government, tax collected at source, in respect of deductions or collections made during the month of November, 2015, from 7th of December, 2015 to 20th of December, 2015 in respect of deductors located in the State of Tamil Nadu.

(Anand Jha)

Commissioner (IT&CT)

Source: Income Tax

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