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Cos asked to file e-TDS before March-end

Our Bureau

Chennai , Feb. 25

COMPANIES have to file their Tax Deduction at Source for 2002-03 electronically (e-TDS) by the end of March this year, said Mr P.K. Sridharan, Chief Commissioner of Income Tax in Chennai.

The Income Tax department has appointed Integrated Enterprises, Karvy Consultants and Shell Transource to receive e-TDS returns in Chennai. National Securities Depository Ltd has been appointed as the intermediary to deal with the basic processing of e-TDS.

Generally, companies are required to file the TDS by the end of May following a financial year. Recently, rules were changed to make e-TDS compulsory for companies, and the deadline to file the same was postponed to help the Income-Tax department deal with teething trouble.

Mr Sridharan said a decision to go back to the May deadline for the current financial year had not yet been taken. He added about 150 companies in Chennai had filed their TDS electronically.

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