Extention on time limit for deposit of TDS

This query is : Resolved

BIJAY MITTAL (Querist)
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19 May 2008 The assessee had deducted tds for the quarter ended 31st march 2008.Since it is now mandatory for the companies and others who are liable to get their books audited to deposit the challan through net banking only, therefore it might take time to open the account and get the iD AND password.Now my query is whether there is any time extention for the deposit of tds for the quarter ended 31st march 2008.If yes ,then please specify the time upto which the tds can be deposited and return of tds can be filed.

Amit Sharma

Amit Sharma (Expert)
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19 May 2008 Dear Bijay,

As per the news what i heard more than 80% of the companies still have not started the concept of E-TDS , however there is no itimation that there is any extention on the time to fill E-TDS.

The only thing to be done as of now is that you start the process ASAP.

R.V.RAO

R.V.RAO (Expert)
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19 May 2008 Sec 40 (a) (ia) ammendment retrospectively to allow deduction of expenses in case TDS of Mar month not paid in time but paid before due date of return.
THE ABOVE IS LATEST AMENDMENT TO TDS DEPOSIT RELATING TO MONTH OF MARCH 2008 ONLY.
FOR EARLIER MONTHS ,THERE IS NO CHANGE IN DATE OF DEPOSIT OR FILING RETURN. SAME OLD RULES YOU NEED TO COMPLY.
AS STSTED BY SRI AMIT,PL. START THE PROCESS OF NET BANKING AT YOUR EARLIEST.
R.V.RAO

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