Now Reading: Income Tax Department sets TDS compliance deadlines for Q2
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Income Tax Department sets TDS compliance deadlines for Q2
The Story in Brief
The Income Tax Department has reminded taxpayers that deducting TDS is only the first step, timely deposit and return filing are equally important. The due date for filing TDS returns for the second quarter of FY2026-27 is 31 October 2026.
The deadline for issuing TDS certificates in Form 131 is 15 November 2026. Taxpayers are advised to meet these deadlines to avoid interest, late filing fees and other penalties.
The advisory was issued via social media and the department's website on 24 October 2026.
Indian Opinion Analysis
The reminder targets employers, businesses and other deductors who must file quarterly TDS returns by the end of this month. Failure to meet the 31 October deadline for Q2 returns and the 15 November deadline for Form 131 certificates triggers automatic interest and penalties. The department has not announced any extension, so non-compliant taxpayers face additional costs. The next compliance milestone is the Q2 return due date itself, which is the concrete step deductors must watch.
Source: studycafe.in
This brief was synthesised by AI from the source linked above. Methodology and corrections.
