Due date of TDS/TCS related compliances were extended by CBDT on 24.06.2020 vide CBDT’s notification No. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has extended due dates for compliance falling during the period from 20-03-2020 to 31-12-2020. Even after the lifting of lockdown, it will take time to settle and return to normalcy. Analysis of New Extended Due Dates for Compliances and Investments under Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 . Pandemic COVID-19 forced a lockdown in India. However, this aspect is ignored in this example. This is important because a single day of a month will be counted as one full month. The due date of 31 May 2020 has been extended to 30 June 2020. Due date extended by the Ordinance 2020: New due dates notified on 24-June-2020: Filing of Form 24Q, 26Q, 27Q and 27EQ of Quarter four of the Financial Year 2019-20 : 31-05-2020: 30-06-2020: 31-07-2020: Filing of Form 24Q, 26Q, 27Q and 27EQ of Quarter one and Quarter two of the Financial Year 2020-21: 31-06- 2020 and 30-11 2020: Not Applicable: 31-03-2021: Filing of Form 24QB, 24QC and … It means these dates may be further extended by the government depending upon the situation of the country at that point of time. But, Some relaxation given by CBDT as follows Note: The CBDT vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 dated 31-03-2020 has extended all respective due dates, falling during the period from 20-03-2020 to 29-06-2020, till June 30, 2020. 35/2020, dated 24-06-2020. However, the rate of interest for delayed payment of TDS is reduced from 18% p.a. Thus, Mr. Kushal cannot file his TDS return without paying the late fee as mentioned above. Register / Track PAN Card Related Complain / Status, Fees and Penalty for Late Filing of TDS Returns, Steps for filing Rectification request on receipt of demand notice due to mis-match of Income Tax, TDS/TCS Rates Chart for A.Y. 35/2020 dated 24.06.2020, the due date for furnishing the TDS statement for the first quarter of the FY 2020-21 gets extended to March 31, 2021 from the normal due date of July 31, 2020. The due date for payment of TDS for the month of March-2020 is 30thApril, 2020. Therefore, based on the above discussion and on the plain reading of the Ordinance, 2020 read with Notification No. Post navigation. for Action Based Compliances which does not involve tax payments in any form. 2013-14, No TDS on Service Tax u/s 194J of the Income Tax Act, Introduction of Section 87A -Income Tax Rebate. The benefit of extended due date shall not be available in respect of payment of tax. Relief measures announced by Finance Minister on Income Tax and Other Compliances amid COVID-19 outbreak. the due date is 30th April-20. What is the due date of filing TDS Return for Q1 of FY 2020-21 is 31 July 2020 or 31 March 2021? NEW DELHI: The Centre on Tuesday extended the validity of nil or lower tax deducted at source (TDS) certificates for financial year ending March 31, till June 2020, including overseas lenders. Here we have compiled due date of filing TDS/TCS statement (Form 24Q, 26Q, 26QB, 26QC, 26QD 27Q and 27EQ) of FY 2019-20 and due date for issue of TDS/TCS certificate (Form 16 and Form 16A). The revised timeline to furnish the TDS/TCS statement for quarter four for the financial year 2019-20 is till June 30, 2020. In this video we will discuss about the due date extension for tds payment for March and April 2020. The Saga of PAN and Aadhaar Linking in Income Tax. Dear Sir, From the TDS due dates given I see that there has been change in the due date for March. Extension of TDS payment Due Date March 2020. Fourth instalment of … Under the amended provisions, the rate of interest shall be reduced to 0.75% (instead of 1.50%) for every month or part thereof and shall be computed between April 30 and May 20. 7th. The normal due date to pay the liability of TDS in the month of March is April, 30, 2020 which falls between March 20 to June 29. The reporting is required month-wise. Therefore, based on the above discussion and on the plain reading of the Ordinance, 2020 read with Notification No. However, TDS returns can be filed till June 30, 2020 without any late fees Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, Analysis of New Extended Due Dates for Compliances and Investmentsunder Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance,2020, What is Seventh proviso to section 139(1), Is ITR and Tax Audit Due Date Extended till 31.03.2021, Scheme for Grant of Ex-gratia Payment of Differential Interest for Six Months Loan Moratorium to Borrowers with FAQs, Is there any Extension to TDS Return Due Date For Quarter 1 FY 2020-21, A Guide to Depreciation Rates as per Income Tax for AY 2020-21. The due date for TDS for March 2020 is April, 30, 2020. From the above table, it can be seen that all the dates coincide on one day. From the bare reading of the provisions, it appears that the new time limit is set keeping in mind the lockdown time limit of April 14, 2020. How will transactions of more than one buyer/seller be filed in Form 26QB - TDS on immovable property. 150. Suppose an assessee could not pay the TDS of March, 2020 by April 30, 2020 but decides to pay on June 30, 2020. Similarly, where there is a delay in issue of TDS certificates, the penalty of Rs. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be deducted at a prescribed rate and then deposited with the government. There are certain due dates to comply with the TDS norms. 10,000 at the prescribed rate of TDS of 10%. In this context, it is to be noted that the date of June 29, 2020 and June 30, 2020 is not made static but a dynamic one. COVID 2019 – No change in TDS / TCS payment dates Filing of any application, reply, appeals. Analysis of New Extended Due Dates for Compliances and Investments under Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 Section 3(1) and section 3(2) are two mutually exclusive provisions. The due date for TDS for March 2020 is April, 30, 2020. See the nature of compliance and the new due dates notified by the department on 24 June 2020. Let the due date of TDS payment be 7th May 2020 and you have deducted TDS on 19th April 2020. In this case, the immunity given from non-imposition of the penalty and non-initiation of prosecution will be withdrawn if the assessee fails to pay the due TDS by June 30.
TDS stands for tax deduction at source while the TCS stands for tax collected at source. It requires payment of TDS at least by 10 to 12 days prior to June 30, 2020. The due date of 31 May 2020 has been extended to 30 June 2020. 10th March 2020: For GSTR-7 and GSTR-8 filing, related to TDS for the month of February 2020. Further, after filing of TDS return, it takes 5 to 7 days to process the TDS Return by the CPC. 14 January 2021 - Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2020 You have to pay full rate of interest @ 1.5% p.m. from March 2020 to Sep 2020 and late fees @ Rs. During this period there are many challenges for the Business and Professionals … compliances: Significance of extension or non-extension of due dates. In normal circumstances, the assessee might have paid the TDS by the due date and hence no interest would have been paid by the assessee. for claiming deduction under Chapter VI-A. Original Notification & Press Release can be viewed as under: All the due dates prescribed or notified under the Income Tax Act which fall during the period from March 20, 2020, to June 29, 2020, have been extended to June 30, 2020. 7th. Note: The CBDT vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 ​dated 31-03-2020 has extended all respective due dates, falling during the period from 20-03-2020 to 29-06-2020, till June 30, 2020. Further deduction for contribution to PF, PPF, NSC, donations made up to July 31, 2020 can be claimed in the return for 2020-21. … In case the due date falls outside this period then there will be no benefit under this. Since the Ordinance is a special law to override to the provisions of Income Tax Act, 1961 in order to provide relief from the compliances to the taxpayers owing to COVID-19 distress, in case there is no express provision to override any of the provisions of the Income Tax Act, the provisions as contained in the Income Tax Act, 1961 shall prevail. 2020, (But can be paid till It is requested to the government to look in the matter and shall issue an appropriate notification or carry out a suitable amendment to exclude the period of lockdown from the computation of interest payable. The due date has not been extended.However interest on all tds payment made between 1-5-20 to 30-6-20 shall be levied at a reduced rate of 0.75% p.m. … Make sure to do the needful on time to avoid interest. Since there is no extension of the due date, the normal rate of interest shall apply even for the specified period if paid on or after July 1, 2020. means the period between the due date and the date on which the amount has been paid. As per section 234(E), a fee of Rs. Due date for payment of TDS has not been extended. 100 per day for each day of delay shall be applicable from July 1, 2020. By a notification dated 24th June 2020, followed by a Press Release, CBDT has extended the last date for filing TDS / TCS Returns for quarter ending March 2020 from 30th June 2020 till 31st July 2020. For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20th March 2020 and 30th June 2020, reduced interest rate at 9% instead of 12 %/18 % per annum (i.e. It is to be noted that the original date for filing was 15 th May for TCS and 31 st May 2020 for TDS. 200 per day u/s 234E, If payment is made by June 30 and return is also filed by June 30 but TDS certificate is issued after June 30, 2020-. In this case, the waiver in the rate of interest is 50%. Section 3(1) and section 3(2) are the relevant provisions related to the above two relief announcements regarding extension of due date in the wake of COVID-19 outbreak. The amount of TDS comes to Rs. The provisions of reduced rate of interest and the immunity from penalty and provision are applicable only where the due date of tax payment falls between March 20 and June 29, 2020. The date for filing TDS return for February and March have been extended to July 31, 2020. However, the TDS is actually paid on June 25, 2020. Income Tax – TDS Payment for February : 10th. Where any compliance is related to payment of taxes in any form then section 3(2) of the Ordinance, 2020 triggers. One of the announcements was related to payment of taxes including, for issue of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents and time limit for completion of proceedings by the authority and any compliance by the taxpayer including investment in saving instruments or investments for rollover benefit of capital gains under Income Tax and other direct taxes laws where the time limit is expiring between 20th March 2020 to 29th June 2020, Read the detailed text of relief measures announced, To give legal effect to the public announcements, the government has promulgated an Ordinance namely. Ans. All the due dates prescribed or notified under the Income Tax Act which fall during the period from March 20, 2020, to June 29, 2020, have been extended to June 30, 2020. However, these dates can only be extended by the notification and cannot be reduced. Latest update on TDS provisions due to Covid-19 Return filing due dates. There is no change in the due date of payment of TDS for the month of March, 2020. 2014-15 or F.Y. payment of TDS and if paid by June 30, 2020, Form 16A for Non Salary How to Download TDS Certificate in Form 16B? S P Gupta February 25th, 2016 . In this case, he has to pay interest @ 1.5% from February 2020 to June 2020. The Last date of Aadhar PAN Linking has been further extended from 31 st March 2020 to 30 th June 2020. Belated Tax Returns or Revised Returns for FY 2018-19 (earlier due date was 31st March,2020) can be filed till June 30th. (i.e. The due date to file TDS return for the last quarter of the FY 2019 – 2020, that is January 2020 – March 2020 is May 31, 2020. *For Financial year 2018-19, last date for returns extended to June 30, 2020. As Per Trade Trade Circular No. March to 31 December 2020 is extended to 31 March 2021. The provision of the, rate of interest chargeable for the delay in the payment of the tax or levy is reduced to 0.75 per cent for every month or part thereof in all cases. Investments etc. Further, the last date for making payments for the quarter ending 31st March, 2020 and filing of return for 2019-20 by the composition dealers will be extended till the last week of June, 2020. TDS Payment has to be made on time but interest rate on delayed payment has been reduced to 9% from 18% till June 30th The deadline for linking … For filing of TDS/TCS Statement: Form 24Q, 26Q, 27Q and 27EQ of Q4 of FY 2019-2020 – The original due date was 31 May 2020 which had been extended till 31 July 2020. He will not get any immunity under the. No Extension of Due Date of TDS payment for March 2020 onwards amid COVID-19 . Section 3 of the Ordinance, 2020 is the relevant provisions related to the extension of time limit to corroborating the Minister’s announcements. . The government has extended the last date to file IT Returns for the Financial Year 2018-2019 to 30 June 2020. The due dates for various compliance in GST and Income Tax has been extended by Finance Minister. Note: The due date for filing of return has been extended to January 10, 2021 vide Press Release, dated 30-12-2020. Investments in a new house for claiming deduction under section 54 and 54G can be made up to September 30, 2020. The Saga of PAN and Aadhaar Linking in Income Tax. Once the TDS return is processed, TDS certificates can be generated from the TRACES portal. Due date for payment of TDS Refer to our following blog article: COVID 2019 – No change in TDS / TCS payment dates, Save your time and get all new posts and updates delivered to you in your Mailbox, on TDS Returns – March 2020 Quarter – Date Extended, 7th May – Due date for TDS & TCS payment for April, Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived. One may argue that why one should pay the interest even at a reduced rate when there is a delay for no fault of the assessee. 3. TDS Payment has to be made on time but interest rate on delayed payment has been reduced to 9% from 18% till June 30th; The deadline for linking Aadhaar with PAN has been extended … No late fee/penalty shall be charged for delay relating to this period. Thus , it is clear that whilst date of TDS filing which is 31st May ( falls between 20 March 2020 – 29 June 2020 )is extended to 30th June 2020 , delay in deposit of … Further, the deductor is given immunity from penal and prosecution provisions. Therefore, it can be concluded that the extension of due date for furnishing TDS Statement for the third quarter of FY 2020-21 which falls on 31st January 2021 is not extended to 31.03.2021 and it will remain at 31.01.2021 whereas the due date to furnish the TDS Statement for the 1st and 2nd quarter of FY 2020-21 is 31st March, 2021. It is to be noted that the original date for filing was 15th May for TCS and 31st May 2020 for TDS. TDSMAN April 30, 2020 April 30, 2020 No Comments on TDS Returns – March 2020 Quarter – Date Extended As per the gazetted notification issued by Govt. Then you will be required to pay interest at 0.75% for period from 19 April until the date of payment in case you make the payment by 30 June 2020. But due to the lockdown situation, he cannot pay by March 31 and finally pays on June 30, 2020. Further deduction for contribution to PF, PPF , NSC, donations made up to July 31, 2020 can be claimed in the return for 2020-21. Similarly, the due date for payment of ESI contribution for the months of February and March 2020 is extended to 15.05.2020 against the normal due date of 15.03.2020 and 15.04.2020 respectively. Based on the above notification, the due date of filing TDS / TCS Returns for quarter ending March 2020 has been extended till 30th June 2020. Based on the above notification, the due date of filing TDS / TCS Returns for quarter ending March 2020 has been extended till 30 th June 2020. Till the date due date not extend for TDS payments for the month of Mar-20. Actually in such a case also the period from March 20 till the lockdown continues shall be excluded from computing the periods of delay. 10,000 comes to Rs.
For the month of March 2020, the dates range from the 1st to the 31st. Hence, CBDT should clarify the date from which the computation of the period of delay shall be reckoned. . Then all the related compliances (action-based compliances) to the TDS for the month of March 2020 also falls on … Subsequently, the issue of TDS / TCS Certificates has also been extended till 15th August 2020.. TDS for Q-4 of FY 2019-20). Revise TDS / TCS return filing due date and payment due date for year 2020 as per Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 . Further, the time limit for completion or compliance of various actions falling under 20 March to 31 December 2020 is extended to 31 March 2021. NSDL/TIN/2020/006 dated 20th April 2020. Find TDS return due dates and TCS return due dates with the time period and last date for filing for AY 2021-22 (FY 2020-21). Latest update on TDS provisions due to Covid-19 450. Hence non-compliances under one provision do not affect compliances or non-compliances under the other provision. TDS late payment interest rate and amount. Issue of any notices,etc., by the income tax or other authorities. Relief measures announced by Finance Minister on Income Tax and Other Compliances amid COVID-19 outbreak. furnishing of any report, document, return, statement or other similar records. The interest liability under the normal provisions and the special provisions is computed below-, Sec 201(1A)(ii) of the Income Tax Act, 1961, Section 3(2) of the relief Ordinance, 2020. All the normal provisions shall apply to the assessee. Belated Tax Returns or Revised Returns for FY 2018-19 (earlier due date was 31st March,2020) can be filed till June 30th. Click Here for the original NSDL circular. 10,000 is made in April 2020. Say you have not deposited TDS by 7th May 2020. 7th June, 2020 is the due date for TDS and TCS payments for the deductions made in May 2020. Date for filing GST annual returns of FY 18-19, which is due on 31st March, 2020 is extended till the last week of June 2020. May 1 then the period of delay will be 1 month only. Read more on the extension of due dates and many other TDS related The due date to pay the TDS is May 7, 2020. and the normal provisions of the Income Tax Act shall apply to him for such delay. See the nature of compliance and the new due dates notified by the department on 24 June 2020. Suppose, the TDS of February 2020 remains unpaid by March 7, 2020 (due date). Payment of … The amount of interest payable on delay payment of TDS of Rs. In normal circumstances, if the TDS is paid on May 20, 2020 then the deductor has to pay interest @ 1.5 % from March 2020 to May 2020 or 3 months. ("Ordinance, 2020") which is promulgated subsequent to the announcements of the relief measures by the Finance Minister. The due date for furnishing Form 24G has been extended from March 15, 2020 to July 15, 2020 vide the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. Hence the normal provisions of the Income Tax laws shall not apply in these cases. Thus the total interest comes to Rs. Make sure to do the needful on time to avoid interest. For delayed payments made till June 30, interest rate reduced to 9% from 12%. 200 would be levied for each day of default. Say you have not deposited TDS by 7th May 2020. The due date was extended with certain conditions as registered taxpayers were facing some technical difficulties and that are not fully resolved. - Due to COVID-19 outbreak, The due date for furnishing TDS/ TCS returns of Q4 has been further extended till 31st July 2020. Extension of TDS payment Due Date March 2020. In that case, section 3(1) will not apply. Interest liability for delay in payment of due taxes in the extended time limit, prescribes for the payment of interest in case of delay in the payment of the due taxes till June 30, 2020. Thus, the period now is extended from 20 March - 29 June 2020 to 20 March - 31 December 2020. GST – Return for authorities deducting tax at source – GSTR 7 for February – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for February: 11th. Suppose, an assessee has deducted TDS on interest payment of Rs. We paid march month tds in september and return also filed in september .How much we have to pay penalty, No penalty. The deductor must have planned to pay by March 31 (and assuming he had valid reasonable cause for the delay). Regarding interest payment on delayed tax payments, Iyer says, "The date of last instalment of advance tax payment is March 15 and is not extended but for the interest for delayed deposit of advance tax due on March 15 will now be computed at 9 per cent instead of 12 per cent for the period starting March 20 until June 30, 2020." Readers are requested to please check the relevant documents from below links: * The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. For the month of March 2020, the dates range from the 1st to the 31st. CBDT defers Clause 30C and Clause 44 of the Tax Audit Report in Form 3CD on GAAR and … No Extension for Deposit of TDS but relaxation in interest rates on late payment. For the month of March 2020, the dates range from the 1st to the 31st. Remember, if the payment of TDS is made after June 30, 2020 then the immunity given for penalty and prosecution and the relaxation in the rate of interest and reduction in the period for which interest will be charged shall not be available. Only relief has been in form of lower interest and waiver of penalties for delays. by the persons making such payments. Get all latest content delivered straight to your inbox. The reduced rate of interest is specified for every month or part thereof which means any part of a month is taken as a full month. Similarly, the provisions of the income tax act related to prosecution for non-payment of TDS shall not apply in these cases. Due dates for the Month of March 2020. 7th May, 2020 is the due date for TDS and TCS payments for the deductions made in April 2020. April 30, the period of delay comes to 2 months as computed in the given example. In this video we will discuss about the interest on delayed payment of tds before 30.04.2020. This is a point of debate but here I am discussing the provision that is provided in the, shall be computed from the due date till the date of payment. COVID 2019 – No change in TDS / TCS payment dates Make sure to do the needful on time to avoid interest. and the due dates of various compliances. Income Tax – TDS Payment for February : 10th. There is no extension for payment of March month TDS. 3. 7th March 2020: For TDS payment, for the month of February 2020. As per the gazetted notification issued by Govt. On account of the complete lockdown imposed by Government all over the country in the backdrop of outbreak of pandemic COVID-19 disease, the Finance Minister Smt. Vivad se Vishwas scheme – no additional 10% amount, if payment made by June 30, 2020. The Ordinance, 2020 has provided relief from ‘Action based compliances’ and ‘compliances with regard to tax payments’. - Due to COVID-19 outbreak relaxation has been provided in the delayed payments of Taxes (Advance Tax,Self assessment tax, Regular tax, TDS and TCS) which are due between 20th March 2020 to 30th June 2020. The department tweeted, "Understanding & keeping in mind the times that we are in, we have further extended deadlines. Important: TDS / TCS Return filing dates have been changed, however, dates of making TDS / TCS payments have not changed. Example: Suppose TDS of Rs. TDS Returns – March 2020 … What is TDS? In view of the same, the timelines to submit the quarterly TDS/TCS statement has been extended. TDS Compliance Calendar for March 2020. Once the payment is made, it takes 2 to 3 working days to get reflected on the NSDL database from the bank’s server. of India, all due dates, prescribed or notified under the Income Tax Act, which will falls during the period – 20th March 2020 to 29th June 2020, has been extended to 30th June 2020. TDS stands for tax deduction at source while the TCS stands for tax collected at source. Interest shall be payable from March to July (if paid in July) @ 1.5% p.m. Further, the assessee is subject to penalty and prosecution provisions. Due date still remains at April 30, 2020. The date for filing TDS return for February and March have been extended to July 31, 2020. TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. Further, the deductor is subject to penal and prosecution provisions. GST – Return for authorities deducting tax at source – GSTR 7 for February – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for February: 11th. Remember, the rate of interest is reduced and not the amount of interest. In this context, it must be remembered that-, shall prevail over the provisions of the respective laws, under which the tax or levy is required to be paid. 6. Find TDS return due dates and TCS return due dates with the time period and last date for filing for AY 2021-22 (FY 2020-21). Let the due date of TDS payment be 7th May 2020 and you have deducted TDS on 19th April 2020. COVID 2019 – No change in TDS / TCS payment dates . This period is termed as '. 35/2020 dated 24.06.2020, the due date for furnishing the TDS statement for the first quarter of the FY 2020-21 gets extended to March 31, 2021 from the normal due date of July 31, 2020. To explain the provision of interest computation let us take the example of payment of TDS under the Income Tax Act, 1961. In this case, the penalty for delay in issue of TDS certificate shall apply which is Rs 100 per day for each day of default u/s 272A of the Income Tax Act, 1961. Under the circumstances, whether the normal due date or the extended due date requires reporting in the given column with the legal basis thereof is elaborated. But if the period of delay is counted from the next day of the due date i.e. In view of the same, the timelines to submit the quarterly TDS/TCS statement has been extended. Latest Update on due dates The last date of income tax return filing for FY 2019-20 (AY 2020-21) is extended to 10th January 2021. Completion of any proceedings, etc by the income tax or other authorities. Due date for payment of TDS All Compliances for March 2020 TDS falling on one day - June 30, 2020, Business houses may find it difficult to pay the TDS by the respective due dates due to ongoing lockdown for containment of the spread of coronavirus in the country. 16 Responses to “Due date for payment of tds and due date for filing of tds”. Passing of any orders etc by the income tax or other authorities. CBDT, General, NSDL, PAN, TDS, TDS payment, TDS Rates, TDS return Due date for TDS & TCS payment in June, late payment interest, TDS Payment, TDSMAN. Analysis of New Extended Due Dates for Compliances and Investments under Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 and the full rate of interest and penal and prosecution provisions under the respective laws shall apply. Then all the related compliances (action-based compliances) to the TDS for the month of March 2020 also falls on the same day as table below-, Issue of TDS Certificates 7th June, 2020 is the due date for TDS and TCS payments for the deductions made in May 2020. If payment is made by June 30 but the return is filed after that date, - Only consequences follow for the delay in filing of return which is a payment of late fees of Rs. 15 March 2020 - Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February, 2020 has been paid without the production of a Challan . Aadhaar-PAN linking date to be extended from 31 st March, 2020 to 30 th June, 2020. Certain compliance for TDS payment and interest and other actions are listed in the table below-, TDS Compliances from March 2020 to May 7th March 2020: For TDS payment, for the month of February 2020. If the assessee fails to file the e-tds return by June 30, 2020 then the late fees of Rs. However, the provisions related to interest and imposition of penalty have been overwritten by the Ordinance, 2020.

Thomas Yates Poet, Taylor Ridge Westies, Hall Funeral Home Livingston, Tn Obituary, Pedigree Pekingese Puppies For Sale, Charlotte Anime Philippines, Apartments For Rent Paris 16th, How To Play Minecraft Dungeons With Friends On Switch, The Dream Traveler's Quest Reading Level,