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        <h1>Deadline Extended for TDS/TCS Filing for Q2 2007-08 to 29th Feb 2008; No Penalties for Late Submission.</h1> The Central Board of Direct Taxes has extended the deadline for filing quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the second quarter ending 30th September 2007 of the financial year 2007-08. The new deadline is set for 29th February 2008. Additionally, there will be no penalties imposed for delays in filing these returns within the extended timeframe. This order is issued under the authority granted by section 119(2)(a) of the Income-Tax Act, 1961.

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