Saturday, 7 April 2018

TDS TCS Due dates for FY 2017-2018

TDS Last Dates of FY 2017-18 for Return Filing

QuarterPeriodLast Date of Filing
1st Quarter1st April to 30th June31st July 2017
2nd Quarter1st July to 30th September31st Oct 2017
3rd Quarter1st October to 31st December31st Jan 2018
4th Quarter1st January to 31st March31st May 2018
Note: TDS Deducted under section 194IA on the transaction in the month of March, has to be deposited on or before 30th April of 2018.

TCS Last Dates of  FY 2017-18 for Return Filing

QuarterPeriodLast Date of Filing
1st Quarter1st April to 30th June15th July 2017
2nd Quarter1st July to 30th September15th Oct 2017
3rd Quarter1st October to 31st December15th Jan 2018
4th Quarter1st January to 31st March15th May 2018
Note:
  • The due date for non-government deductor of depositing TDS/TCS is 7th of next month except March.
  • Deposit date of TDS Deducted in March is 30th April (other than Government), TCS Deducted in March for other than Government and TDS for government deductees due date is 7th April.
  • Quarterly TDS/TCS Certificate: After uploading quarterly TDS return you can generate TDS/TCS certificate within 15 days of uploading your return.

Due Dates for Deposit/Filing TDS/TCS in April 2018

  • Deposit date of TDS/TCS deducted in March is 30th April (Non-Government/Government)
  • Deposit date of TDS/TCS deducted in March is 7th April (Government)
  • File Quarterly Return of TDS (Quarterly Month – 1st January to 31st March) – 31st May 2018
  • File Quarterly Return of TCS (Quarterly Month – 1st January to 31st March) – 15th May 2018

Due Date of 15G/15H Form

The due date for quarterly furnishing of 15G/15H declaration received by the payer from 1/04/2017 onwards and the manner for dealing with from 15G/15H received by payer during the period from 01/10/2015 to 31/03/2016 has been specified in Notification No. 09/2016 dated 9th June 2016 wide F.No.DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539.
Taking into account the need of the stakeholders the due dates for uploading of Form 15G/15H are hereby extended as under:
S.No.ScenariosOriginal Due DateExtended Due Date
1For 15G/H Received during from 1/04/2017 to 30/06/201715/07/2017
2For 15G/H Received during from 01/07/2017 to 30/09/201715/10/2017
3For 15G/H Received during from 01/10/2017 to 30/12/201715/01/2018
4For 15G/H Received during from 01/01/2018 to 31/03/201830/04/2018

TDS on Sale of Immovable Property

  • Time limit for TDS deposition on the transfer of immovable property is the 30th day of the following month in which the property is transferred. For Example: if the property is sold in the month of June than TDS can be deposited by 30th July.

Key Takeaways from 27th GST Council Meeting

GST Council today in its 27 th meeting approved principles for filing of new return design based on the recommendations of the Group...