Extension of TDS Return Filling Due Date by ITD For Q1 of FY 2023-24

The ITD has issued an Important update related to TDS Return Filling for Q1 of the FY 2023-24. The Due date for filing of Form 26Q, 27Q & 27EQ for Q1 of the financial year 2023-24 has been revised and now same needs to filed from September 1, 2023 to September 30, 2023. (earlier due date for filing was July 1, 2023 to July 31, 2023).

  • New changes have been notified by ITD in Form 26Q, 27Q & 27EQ for which development is underway are applicable for statements pertaining to Financial Year 2023-24 & Quarter 1 for which updated Return Preparation Utility (RPU) and File Validation Utilities (FVUs) are going to be released on August 31, 2023.
  • If the statements are accepted in old format, it may bring complications while processing it at ITDs end. To avoid this, ITD have asked us to build restrictions on acceptance of these statements till August 31, 2023.
  • Statements accepted at our end from July 1, 2023 to July 3, 2023 for the aforementioned Forms are going to be rejected at ITDs end. Deductor/Collectors may be advised to file statements again from September 1, 2023.

For more details on various topics related to TDS Return Filling, Auditing and accounting industry, you can get in touch with our CA Firm in MumbaiAnam Shaikh & Associates.