\n| 194IA, 194IB<\/td>\n | Property purchase, rent<\/td>\n | Mapped to specific serial numbers under consolidated sections<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Only the referencing format changes \u2014 rates & thresholds remain exactly the same.<\/p>\n <\/span>Tax Deducted at Source or Tax Collected at Source Correction Deadline<\/strong><\/span><\/span><\/h3>\nThe Income Tax portal prominently announces a hard deadline:<\/p>\n \n- The \u201cchange on the portal\u201d is fundamentally a shift in the legal and reporting architecture, not a redesign of the website. Core priority is to File all old Tax Deducted at Source or Tax Collected at Source correction statements before 31.03.2026. From 01.04.2026. All historical years become completely unrectifiable. No correction will be accepted, even for genuine errors.<\/li>\n
- 03.2026 for Tax Deducted at Source or Tax Collected at Source correction statements from FY 2018\u201319 Q4 to FY 2023\u201324 Q3. From 01.04.2026, corrections for these years become time\u2011barred because the 1961 Act is repealed. Under the new Act (Section 397(3)), corrections for future years will be allowed only within two years from the end of the relevant Tax Year. So Employers, businesses, clinics, deductors, and accountants must clean up old discrepancies before the deadline. After April 1, 2026, correction windows close permanently for all historical years. The real risk is not ignorance it is delay.<\/li>\n<\/ul>\n
<\/span>Common Mistakes related to TDS <\/strong><\/span><\/span><\/h3>\nCommon Mistakes to Avoid like Assuming nothing changes except the portal UI, waiting for a visual redesign instead of addressing compliance, ignoring older Tax Deducted at Source or Tax Collected at Source mismatch cleanup and Mixing confirmed rules with proposed changes. The transition is legal + procedural, not just aesthetic.<\/p>\n <\/span>Remaining forms will be rolled out gradually through FY 2026\u201327.<\/strong><\/span><\/span><\/h3>\nIntroduction of New Payment Codes (1001\u20131067) : These will be used for Tax Deducted at Source challans, statements, and reporting. Accounting software and ERP systems will require timely updates. This transition does not alter tax-deducted-at-source obligations, rates, or exemptions. However, deduction, reporting, compliance, and software mapping methods will change significantly under the Income Tax Act, 2025.<\/p>\n <\/span>TDS Payment & Return Due Dates \u2013 FY 2026\u201327<\/strong><\/span><\/span><\/h1>\nStaying compliant with Tax Deducted at Source (TDS) deadlines is essential for businesses, employers, and professionals. Below is a clear and updated summary of TDS payment timelines, quarterly return due dates, and new TDS\/TCS forms applicable from April 1, 2026 under the new Income Tax Act, 2025.<\/p>\n <\/span>TDS Payment Due Dates<\/strong><\/span><\/span><\/h3>\nMonthly Due Dates : TDS deducted in any month must be deposited <\/span>by the 7th of the following month using <\/span>Challan ITNS 281.\u00a0<\/span><\/p>\nSpecial Case \u2013 March 2027 : TDS deducted in <\/span>March 2027 must be deposited <\/span>on or before 30 April 2027.<\/span><\/p>\n<\/span>Quarterly TDS Return Filing Deadlines (FY 2026\u201327)<\/strong><\/span><\/span><\/h3>\n\n \n\n\nQuarter<\/strong><\/th>\nPeriod<\/strong><\/th>\nReturn Due Date<\/strong><\/th>\n<\/tr>\n\nQ1<\/strong><\/th>\n| Apr\u2013Jun 2026<\/td>\n | 31 July 2026<\/strong><\/td>\n<\/tr>\n\nQ2<\/strong><\/th>\n| Jul\u2013Sep 2026<\/td>\n | 31 Oct 2026<\/strong><\/td>\n<\/tr>\n\nQ3<\/strong><\/th>\n| Oct\u2013Dec 2026<\/td>\n | 31 Jan 2027<\/strong><\/td>\n<\/tr>\n\nQ4<\/strong><\/th>\n| Jan\u2013Mar 2027<\/td>\n | 31 May 2027<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Timely filing ensures Correct credit in Form 26AS \/ AIS, Avoidance of late fees (\u20b9200\/day under section 271H) and No penalty risk for prolonged delay<\/p>\n <\/span>New TDS\/TCS Forms Effective from 1 April 2026<\/strong><\/span><\/span><\/h3>\nUnder the Income Tax Act, 2025, TDS\/TCS forms have been renumbered and simplified:<\/p>\n \n \n\n\nPurpose<\/strong><\/th>\nNew Form (From Apr 2026)<\/strong><\/th>\nEarlier Form<\/strong><\/th>\n<\/tr>\n\n| Salary TDS Return<\/td>\n | Form 138<\/td>\n | Form 24Q<\/td>\n<\/tr>\n | \n| Non-Salary TDS Return<\/td>\n | Form 140<\/td>\n | Form 26Q<\/td>\n<\/tr>\n | \n| Non-Resident TDS Return<\/td>\n | Form 144<\/td>\n | Form 27Q<\/td>\n<\/tr>\n | \n| TCS Return<\/td>\n | Form 143<\/td>\n | Form 27EQ<\/td>\n<\/tr>\n | \n| Salary Certificate<\/td>\n | Form 130<\/td>\n | Form 16<\/td>\n<\/tr>\n | \n| Non-Salary TDS Certificate<\/td>\n | Form 131<\/td>\n | Form 16A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n These new form numbers will apply in Quarterly TDS\/TCS filings, Certificates issued to employees & vendors and ERP & accounting system updates<\/p>\n","protected":false},"excerpt":{"rendered":" Tax Deducted at Source Framework Changing from 01.04.2026 Under the Income Tax Act, 2025, the government is implementing a complete reorganisation of the Tax Deducted at Source framework effective 01 April 2026. The Income Tax Act, 1961 stands repealed w.e.f. 01.04.2026, and the Income Tax portal has already begun displaying transition-related updates. This shift is …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1285],"tags":[1296],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/10243"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=10243"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/10243\/revisions"}],"predecessor-version":[{"id":10247,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/10243\/revisions\/10247"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=10243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=10243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=10243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | | | | | |
![\"TDS](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2026\/03\/TDS-Final.jpeg\")
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