TDS ON SALARY
This query is : Resolved
27 March 2020
The final payment of TDS on salary used to deduct from the March salary of employees and used to pay in April every year. Due to the current situation of lock down, is this also extended to June 30th? Or, the tax should be deducted from March salary itself and deposit in April 2020?
Please reply.
Please reply.
27 March 2020
Not extended to 30th June as of now.
28 March 2020
TDS deposit date have not been extended to 30.06.2020. TDS can be deposited with lower rate of interest @9% instead of applicable interest rates upto 30.06.2020.
29 March 2020
The date of payment is not extended. But interest on delayed remittance up to 30-06-2020 is reduced to 9 % per annum.
Inference :- clause 5 under the head 'Income tax' in the press release of the FM.
Inference :- clause 5 under the head 'Income tax' in the press release of the FM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Reporting in TDS return
- Loss of interest in PF transfer from EPFO to Trust
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
