Job
25 Points
Joined June 2007
Dear All:
Pl. take note of the due date for TDS/TCS activities relating to the FY 2010-11-Q4
a. Remittance of TDS and TCS for the month of March 2011
|
Particulars
|
Last Date
|
|
TCS- Tax collected during the month of March’11
|
7th April 2011
|
|
TDS - Tax deducted during the month of March’11
|
30th April 2011
|
Note:- (a) In case of any TDS / TCS found to be short deducted/collected for the FY 2010-11 (for the period from 1.4.2010 to 28.2.2011) ensure that the same is remitted before 31.3.2011. Otherwise the related expenditure would be disallowed u/s 40(a)(ia) of the Income Tax Act.
(b) Earlier only TDS effected on 31st March was allowed to be remitted at the end of May. From the FY 2010-11 TDS effected for the whole month of Mar’11 is allowed to be remitted on 30th April 2011. Therefore there is no requirement to make the payment of March TDS on 7.4.2011. However, TCS for the month of March’11 has to be remitted on or before 7.4.2011.
b. Filing of e-TDS/e-TCS returns for the q4 for the financial year ending March 2011.
|
Form No.
|
Particulars
|
Last Date
|
|
24Q
|
e-TDS returns for salary
|
15th May 2011
|
|
26Q
|
e-TDS returns for other than salary
|
|
27EQ
|
e-TCS returns
|
|
27Q
|
e-TDS returns for payments to non-residents
|
Note:- In case, there is no transaction available for reporting in the quarter under any of the forms mentioned
above, please file a “NIL return” for the same.
c. Due dates for issue of the TDS/TCS certificates
|
Form No.
|
Descripttion
|
Last Date
|
|
16
|
TDS certificates for salary
|
31st May 2011
|
|
16A
|
TDS certificates for other than salary (for Q4)
|
30th May 2011
|
|
27D
|
TCS certificates (for Q4)
|
15th May 2011
|
Note:- In the earlier years TDS certificate in Form 16A is to be issued on monthly basis and TCS certificates in Form 27D is to be issued on half-yearly basis. From the FY 2010-11 onwards, these certificates have to be issued on quarterly basis within 15 days from the due date of payment of tax for the last month of the quarter.