UPDATE ON TDS/TCS Q1 RETURNS FOR FY 2023-24

Due date for filing of Form 26Q, 27Q & 27EQ for Q1 of the financial year 2023-24 has been revised and now same needs to filed from September 1, 2023 to September 30, 2023. (earlier due date for filing was July 1, 2023 to July 31, 2023).

New changes have been notified by ITD in Form 26Q, 27Q & 27EQ for which development is underway are applicable for statements pertaining to Financial Year 2023-24 & Quarter 1 for which updated Return Preparation Utility (RPU) and File Validation Utilities (FVUs) are going to be released on August 31, 2023.

Statements accepted at TRACES end from July 1, 2023 to July 3, 2023 for the aforementioned Forms are going to be rejected at ITDs end. 

Deductor/Collectors may be advised to file statements again from September 1, 2023.