TDS/TCS deposit timelines prescribe monthly, March-specific, quarterly and challan-cum-statement remittance mechanisms with Government reporting and electronic payment requirements. Rule 218 prescribes TDS/TCS remittance timelines for Government offices and other deductors or collectors. Government offices deposit tax on the same day ... Summary
TDS/TCS deposit timelines prescribe monthly, March-specific, quarterly and challan-cum-statement remittance mechanisms with Government reporting and electronic payment requirements.
Rule 218 prescribes TDS/TCS remittance timelines for Government offices and other deductors or collectors. Government offices deposit tax on the same day without a challan or within seven days after the relevant month with a challan; non-Government persons remit March tax by 30 April and other tax within seven days after month-end. Specified TDS payments use a 30-day challan-cum-statement mechanism with Form No. 141. The rule also provides for quarterly payment permission, Government challan-less reporting, BIN and AIN compliance, authorised banking channels, and mandatory electronic remittance in specified cases.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.