Due dates for TDS/TCS (Q1_FY 2023-24) return filing extended

Vide the notification, CBDT has extended the time limits for submission of TDS and TCS return for the 1st Quarter of FY 2023-24. Generally, the due date for filing of TDS Returns (Form 24Q, 26Q, 27Q) and TCS return (Form 27EQ) is 31/07/2023 and 15/07/2023 respectively for the 1st Quarter. However, vide the notification, time limit for filing of the above returns has been extended to 30th September 2023. Government breather on new TCS regime, to come into effect October 1 Let us make an attempt to understand the changes in TCS Regime & allied amendments. For this, lets divide our discussion into three parts: New TCS Rates E gazette notification on 16th May Conclusion Understanding the new TCS Rates: It all started with the Union Budget 2023. An increase…
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