<h1>Deadline for TDS/TCS Statements Extended to Feb 29, 2008, Due to PAN Data Challenges for September 2007 Quarter.</h1> The Central Board of Direct Taxes has extended the deadline for filing quarterly Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) statements for the quarter ending September 30, 2007, to February 29, 2008. This extension addresses challenges faced by tax deductors and collectors in providing accurate PAN data, which is required for at least 90% of salaried deductees and 70% of other deductees. Non-compliance with PAN data requirements will result in rejected returns and penalties. Electronic filing of TDS/TCS returns is now mandatory for certain entities, including those audited under section 44AB of the Income Tax Act.