Tuesday, May 3, 2016

TDS RETURN submission Due Dates Extended in F.Y. 2016-17

Friends,   Income Tax in the shape of TDS return / statement submission dates have been changed w.e.f. Financial Year 2016-17 vide Income Tax Notification No 30/2016 [F.No. 142/29/2015-TPL] .  dated 29th April, 2016.

                Now, new Due Dates for return submission will be as under :-

It is good that there is no issue for due Dates for Govt or Non-Govt.  Single due date will be applicable for both (Govt or Non- Govt ).   Overall , 15 days have been extended in return submission date w.e.f. Financial Year 2016-2017.

In above notification not only due date has been changed for TDS return, but also too many major amendments have been done regarding House Rent Allowance, Leave travel concession or assistance, deduction of interest under the head "income from house property",  Deduction under chapter VI-A with  FORM NO. 12BB etc. 

Therefore  it is requested to all deductors to read complete Notification dated 29-.04.2016

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