Income Tax Quarterly Returns now to be filed early by 15 days

Income Tax department has issued Notification No.57/2011 dated 24.10.2011 and notified rules called Income Tax (Eighth Amendment) Rules, 2011. 

This notification comes into effect from 1.11.2011.

Under this notification the due date for filing of Quarterly Statements for tax deduction has been advanced by 15 days.

In short.

For Quarter ending 30th June - Quarterly Statement should be filed on or before 15th July of the same financial year

For Quarter ending 30th Sept - Quarterly Statement should be filed on or before 15th October of the same financial year

For Quarter ending 31st Dec  - Quarterly Statement should be filed on or before 15th January of the same financial year

For Quarter ending 31st Mar  - Quarterly Statement should be filed on or before 15th May of the next financial year

Please take note of these changes and file Quarterly Statements accordingly.