Deposit Dates of e-tds/e-tcs (Don't wait upto 31st May)

Friends,  It is very important to check the deposit dates of e-tds or e-tds.  Vide circular no. 41 dated 31/05/2010, deposit date of etds/etcs has been changed to 30th April  which was earlier 31st May.  Earlier up to the Financial Year 2009-10, TDS/TCS amount which was deducted and credited (not paid)  in the Last day of the Financial year, was depsoiting up to 31st May of the proceeding Financial Year.  But now in new circular,  this date has been changed to 30 th April for the income or amount is credited or paid in the month March.

Don't Miss IMPORTANT DATE


For More clarity regarding deposit of tds/tcs, some lines of circular are given as under :-

(1) All sums deducted in accordance with the provisions of Chapter XVII‐B by an office of the Government shall be paid to the credit of the Central Government ‐
  • (a) on the same day where the tax is paid without production of an income‐tax challan; and
  • (b) on or before seven days from the end of the month in which the deduction is made or income‐tax is due under sub‐section (1A) of section 192, where tax is paid accompanied by an income‐tax challan.
(2) All sums deducted in accordance with the provisions of Chapter XVII‐B by deductors other than an office of the Government shall be paid to the credit of the Central Government ‐
  • (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and
  • (b) in any other case, on or before seven days from the end of the month in which‐
           (i) the deduction is made; or
           (ii) income‐tax is due under sub‐section (1A) of section 192.
(3) Notwithstanding anything contained in sub‐rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:‐



To know regarding issuance of Form 16 and 16A,due dates  and  rules w.e.f. 01.04.2010 (Click Here)

Circular No. 41 dated 31-05-2010 (Click Here)

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