Tax Advisor

Due Dates for TDS/TCS Return E-Filing and Depositing For the F.Y 2021-22

May 18, 2021January 12, 2022 by admin

Introduction

The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

How to pay Tax Deducted/Collected at source?

Tax deducted or collected at source shall be deposited to the credit of the Central Government by following modes:

1) Electronic mode: E-Payment is mandatory for
- a) All corporate assesses; and
- b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.
2) Physical Mode: By furnishing the Challan 281 in the authorized bank branch

TDS RETURN AND DEPOSIT
Deposit		Return Filing		Certificate Issuing
Particulars	Due Dates	Particulars	Due Dates	Particulars	Due Dates
March Month	30^th April	April to June (Q1)	31^st July	Form 16A April to June (Q1)	15^th Aug
Other Months	7^th of Next Month	July to Sep (Q2)	31^st Oct	Form 16A July to Sep (Q2)	15^th Nov
		Oct to Dec (Q3)	31^st Jan	Form 16A Oct to Dec (Q3)	15^th Feb
		Jan to March (Q4)	31^st May	Form 16A Jan to March (Q4)	15^th June
				Form 16 F.Y 2021-22	15^th June

TCS RETURN AND DEPOSIT
Deposit		Return Filing		Certificate Issuing
Particulars	Due Dates	Particulars	Due Dates	Particulars	Due Dates
For all months	7^th of Next Month	April to June (Q1)	15^th July	Form 27B April to June (Q1)	30^th July
		July to Sep (Q2)	15^th Oct	Form 27B July to Sep (Q2)	30^th Oct
		Oct to Dec (Q3)	15^th Jan	Form 27B Oct to Dec (Q3)	30^th Jan
		Jan to March (Q4)	15^th May	Form 27B Jan to March (Q4)	30^th May