CBDT Extends Deadline For Filing TDS On Non-Salary Transactions

The Central Board of Direct Taxes has announced an extension on the due date for quarterly filing of TDS statement for non-salary payments by one month.

The revised deadline for filing of Form 26Q for the second quarter of financial year 2022-23 stands changed from Oct. 31, 2022 to Nov. 30, 2022, it said in a circular.

Form 26Q is a statement for tax deducted at source on payments received by the taxpayer, other than salaries like dividend securities, interest on securities, rent, insurance commission, professional fees, etc.

The form is to be submitted on a quarterly basis with the due date for the July-September quarter usually falling on Oct. 31.

In its circular, the CBDT said that this was in consideration of difficulties arising in timely filing of TDS statement in Form 26Q, on account of revision of its format and consequent updation required for its filing.

Yesterday, the CBDT announced an extension for businesses to file IT returns till Nov. 7, 2022. For AY 22-23, it had already given an extension for the filing of audit reports last month.

Domestic businesses, who are required to get their accounts audited, were earlier required to file their income tax returns by Oct. 31.

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