• Notification Date: 03-07-2023
• Notification No: N/A

CBDT: Time Limit of Filing of Form 26Q, 27Q and 27EQ Extended till Sept 30th

The Central Board of Direct Taxes (CBDT) has decided to extend the deadline for filing specific TDS/TCS statements. The new deadline has been set for September 30th, 2023. Under the authority granted by Section 119 of the Income-tax Act, 1961, the board has granted relaxation in meeting the following compliance requirements:  

1. 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 31% July, 2023 under Rule 31A of the Income-tax Rules, 1962 (“the Rules”), may be furnished on or before 30″ September, 2023.  

2. 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.  

Form 26Q 

Form 26Q is to be submitted for tax deduction at source for all the payments received other than the salary.  

Form 27Q 

The Form 27Q is a TDS return or Statement that has the details of Tax Deducted at Source deducted on the payments other than the salary that is made to Non-resident Indian and foreigners.  

Form 27EQ 

The objective of this document is to notify the Income Tax Department regarding the tax collection at the source and deductions made by the seller. The submission of Form 27EQ is regulated and guided by Section 206 of the Income Tax Act. 

The submission of the above-mentioned forms is possible till September 30th 2023.