CBDT has extended the due date to file TDS/TCS statement for Government deductor for the Financial year 2012-13(except first quarter) and Financial Year 2013-14 (first three quarters) to 31.03.2014.This has been done due to late filing of TDS returns by Govt departments due to non allottment of AIN number.
CBDT in this circular clarifies that to file return by Government deductor, AIN (Accounts Officers Identification Numbers) is required without which return can not be filed and allotment of AIN was completed in Financial Year 2012-13. Due to this reason many Govt DDO was not able to file return in Time.
Further Due to late filing of such returns, TIN-CPC has raised late penalty filing fees notices u/s 234E of the income tax while processing such returns. So to exempt govt deductors from late fees u/s 234E of income tax act, CBDT has extended the due date to file the TDS/TCS returns by Govt Deductors. The circular also clarifies that ,if a Govt deductors has already deposited the late fees u/s 234E than it can not be refunded.
One more point we want to mention here that 15 more days additional time has been allowed to Govt deductors to file the tds /tcs return. However it has been noticed in the case of many Govt deductors reported to us that even they file return within the due date allowed to Govt deductors ,Notice of late filing fees has been issued to them.
tax 'N' accounts people
Tarun Kumar Gupta
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