The income tax department has asked the non-government employers (deductors) to file their quarterly tax deduction at source (TDS) statement for the quarter ending June 30, on or before July 15.
While, the government deductors have to file their statement on or before July 30. According to the I-T department, the deductor has to file statement in the correct and relevant form, quoting correct PAN against all entries and ensure that Challan identification number (CIN) or Book identification number (BIN) is quoted in the TDS statement.
Non-quoting of PAN in TDS statements or delay in filing of TDS statements may lead to levy of penalty.
If a deductee wants the income on which tax has been deducted at source to be handed over to another person other than the deductee, the deductee must file a declaration with the deductor that credit for the TDS shall be given to the other person and not to the deductee. The declaration filed by the deductee must contain the name, address, PAN of the person to whom credit is to be given and reasons for giving credit to such person.
The TDS certificates for deductions on income other than salary income (Form 16A) should be issued on or before July 30.
1. Last date of filing of TDS statement for Q1 (June 30)
Non-government employers (deductors): July 15
Government deductors: July 30.
2. To provide along with the statement:
Quote correct PAN against the entry.
Quote CIN/BIN with the statement.
3. TDS certificates for deductions on income other than the salary income (Form 16A) should be issued should be issued on or before July 30.
4. If deductee wants the tax deducted income to be handed over to another person, a declaration has to be filed along with name, address and PAN of the said person.