IT dept cautions TDS deductors against quarterly filing default The Income Tax department on Friday cautioned tax deducted at source (TDS) deductors to adhere to the stipulated deadline of 31 May for filing their statements failing which they would invite a penalty of Rs200 for each day of default. The Central Board of Direct Taxes (CBDT), that frames policy for the department, issued an advertisement in leading national dailies in this context. It said: Attention tax deductors. The last date to file tax deducted at source (TDS) statement for the January-March quarter is 31 May. “For delay in filing TDS statement, you pay a fine of Rs200 for each day of default,” the advertisement cautioned. It added that the deductors who have deducted the tax and have not deposited the same by the due date must do so “immediately” and that all deductors must register themselves at the official website of the I-T department meant for this job—https://www.tdscpc.gov.in.The I-T department ad als