CBDT extends the time limits for the submission of certain TDS/TCS Statements.

The Central Board of Direct Taxes (CBDT) has issued Circular No. 9/2023-Income Tax Dated: 28th June 2023, which pertains to the extension of deadlines for submitting TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) statements for the first quarter of the financial year 2023-24.

CBDT Announcement: Deadline Extension for TDS and TCS Statements

In a significant move to provide relief to taxpayers, the Central Board of Direct Taxes (CBDT) has utilized its authority under section 119 of the Income-tax Act, 1961 to extend important deadlines. 

The initial deadline for submitting the statement of tax deduction for the first quarter of the financial year 2023-24, which was originally set for July 31, 2023, has now been postponed to September 30, 2023. This extension applies to both Form No. 26Q and Form No. 27Q as specified under Rule 31A of the Income-tax Rules, 1962.

The CBDT's relaxation measures also encompass TCS statements. The deadline for filing the statement of tax collection for the first quarter of the financial year 2023-24, which was initially set for July 15, 2023, has now been extended to September 30, 2023. This extension is applicable to Form No. 27EQ in accordance with Rule 31AA of the Income-tax Rules, 1962.

A copy of the circular has been mentioned below

Circular No. 9 /2023

F.N0.370149/109/2023-TPL

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Tax

North Block, New Delhi 28th June 2023

Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements - Reg.

The Central Board of Direct Taxes, in the exercise of its powers under section 119 of the Income-tax Act, 1961 provides relaxation in respect of the following compliances, namely-

(i) The statement of deduction of tax for the first quarter of the financial year 2023-24, required to be furnished in Form No. 26Q or Form No. 27Q, on or before 31st July 2023 under Rule 31A of the Income-tax Rules, 1962 ("the Rules"), may be furnished on or before 30th September 2023.

(ii) The statement of collection of tax for the first quarter of the financial year 2023-24, required to be furnished in Form No. 27EQ, on or before 15th July 2023 under Rule 31AA of the Rules, may be furnished on or before 30th September 2023.

(Sourabh Jain)

Under Secretary (TPL)-I

Copy to:

1. PS to FM/OSD to FM/PS to MoS (R)/OSD to MoS(R) 

2. PSto Revenue Secretary

3. Chairman, CBDT & All Members, CBDT 

4. All Principal Chief Commissioners of Income-tax / Principal Director Generals of Income-tax. 

5. Pr. Chief Controller of Accounts, New Delhi.

6. All Joint Secretaries/CsIT, CBDT 

7. Web Manager, O/o DGIT(Systems) with request to upload on the departmental website of incometaxindia.gov.in.

8. Pr.Commissioner of Income-tax (Media & TP) and Official Spokesperson, CBDT, New Delhi. 

9. Secretary General, IRS Association/ Secretary General, ITGOA/ All-India Income Tax SC & ST Employees’ Welfare Association / Income Tax Employees Federation (ITEF). 

10. JCIT, Data-Base Cell for uploading on irsofficersonline.gov.in

Also Read: Deduct TDS rules on property purchases

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