| Quarter Quarter Period Due Date | 1st Quarter April – June 31 March 2021 | 2nd Quarter July – September 31 March 2021 | 3rd Quarter October – December 31 January 2021 | 4th Quarter January – March 31 May 2021 |
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What is the due date for payment of TDS for April 2021?
| Quarter Quarter Period Due Date | 1st Quarter April – June 31 March 2021 | 2nd Quarter July – September 31 March 2021 | 3rd Quarter October – December 31 January 2021 | 4th Quarter January – March 31 May 2021 |
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Is TDS payment date extended?
(i) The due date to file TDS return for Q4 of the FY 2020-21 is extended from 30th June 21 to 15th July 21 . (ii) The due date to furnish the TDS Certificate to employees in Form No. 16 is extended from 15th July 21 to 31st July 21.
What is the TDS payment due date?
Due date for payment of TDS.
Generally, the due date for TDS payment is always the 7th day of the next month , with a few exceptions. For example, if an organization wants to pay TDS for the month of July, then the TDS payment due date for the same will be the 7th of August.
Is TDS payment date extended for June 2021?
(x) The time limit for furnishing of TDS/TCS statements and issuance of TDS/TCS certificates in relation to FY 2019-20 was extended to 31st July, 2020 and 15th August, 2020 respectively. ... 2021 and the last date of filing application has been extended to 31st August 2021 .
How can I pay TDS late?
Use Challan ITNS 281 to pay the above with your relevant Banker or use any other Challan, which has adequate balance available. Download the Conso File from Traces portal. In case of payment towards late filing fee, please Tag the challan towards the payment, in the “Fee” column” using RPU Ver.
What is the penalty for TDS late payment?
As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS/TCS.
Is TDS due date for March 2021 extended?
| January 10 Due date of filing ITR for FY 2019-20 for taxpayers whose accounts are not be audited | May 31 Quarterly filing of TDS return for TDS deposits made for quarter ending March 31, 2021 (The government has extended the deadline to June 30, 2021 .) |
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Can TDS return be revised after due date?
Revised TDS return can be filed only if the original TDS return is accepted by the TIN central system . Revised TDS return has to be prepared by using the most recent consolidated TDS statement. This can be downloaded from the TRACES website.
What is the due date for issuing Form 16a?
“As per the Income Tax Act, employers should issue Form-16 to the employee before 15th June every year after the end of the Financial Year.
Can TDS be paid on Sunday?
As we know, TDS is required to be paid by 7th of next month except for the month of March where the due date is April 30. ... Hence, accordingly, if the bank is closed (due to Sunday or holiday or strike) on the due date of payment, the same can be paid on the next working day.
What is last date to pay income tax?
July 31 : This is the last date to file income tax return for those taxpayers whose accounts are not required to be audited, usually salaried taxpayers, senior citizens etc. for FY 2020-21. The government has extended the date of filing ITR for FY 2020-21 to september 30, 2021 from the normal deadline of July 31.
What is the due date for tax audit ay 2020-21?
In a major relief to thousands of taxpayers, the Central Board of Direct Taxes (CBDT) on Thursday has extended the income tax return (ITR) filing deadline for the financial year 2020-21 to December 31, 2021 from September 30.
What happens if TDS is deducted but not deposited?
Penalty for companies for not depositing or not deducting TDS on time. The employer can make the interest payment on such late payment of TDS before filing TDS returns or demand raised by TRACES . Also, the interest paid delay while depositing TDS is not allowed as an expense under the income tax provisions.
What is the last date of income tax return 2020-21?
The Central Board of Direct Taxation (CBDT) on Thursday extended the Income-Tax Return (ITR) filing deadline FY 2020-21 for individuals till 31 December 2021 , mostly for the difficulties faced by taxpayers in the wake of Covid-19 pandemic.
How can I pay TDS interest?
Select the payment type. In case of a normal payment, click on the (200) TDS/TCS Payable by Taxpayer, or if it is a payment against the request raised by the income tax department (e.g., Payment of interest or late fees as per the section 234E), then you must click on the (400) TDS/TCS Regular Assessment (Raised by ...
