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Due date for filing tds return for Q1 FY 2020-2021

Janvi (Student) (34 Points)

30 July 2020

Due date for filing tds return for Q1 FY 2020-2021 is 31st July 2020 or 31st March 2021.

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 30 July 2020

Yes, Due date for filing tds return for Q1 and Q2 of FY 2020-2021 Extended to 31st March 2021 as per Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No. 35/2020 dated 24.06.2020

HAROON MAFAT (48 Points)
Replied 31 July 2020

Tody release ITR 3 form 2020-21

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 31 July 2020

Yes, ITR Utility to File Form ITR 3 for A.Y 2020-21 is now available at income tax website. ( release today )

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HAROON MAFAT (48 Points)
Replied 31 July 2020

Sagar sir,
Thank you very much...

CA Payal Gupta (Chartered Accountant) (154 Points)
Replied 31 July 2020

@ Sagar

I think the due date is 31st July 2020. Kindly see below an excerpt of Notification:

Quarterly statement of TDS/TCS deposited for the quarter ending March 31, 2020

The due dates for filing of a statement of TCS/TDS for the quarter ending March 31, 2020 have been extended to July 31, 2020 vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No.35 /2020, dated 24-06-2020.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 31 July 2020

@ CA Payal Gupta ji

The due dates for filing of a statement of TCS/TDS for the quarter ending March 31, 2020 (i.e Q4 of F.Y 2019-20) have been extended to July 31, 2020

But, Due date for filing tds return for Q1 and Q2 of FY 2020-2021 Extended to 31st March 2021

both vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No.35 /2020, dated 24-06-2020.

So, for Q4 F.Y 2019-20, it's 31st July, 2020 (i.e today itself)
for Q1 and Q2 F.Y 2020-21 it's 31st March, 2021.

CA Payal Gupta (Chartered Accountant) (154 Points)
Replied 31 July 2020

@ Sagar,

Will you please share screenshot of such relaxation?

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 31 July 2020

@ CA Payal Gupta Ji

The due date of Form 24Q, 26Q, 27Q and 27EQ of Q1 & Q2 of FY 2020-21 has been extended till 31^st March 2021.

You can see the attached pdf file of “Extension of due date for TDS/TCS related compliance” which I have downloaded from Traces site.

Attached File : 1464176 20200731175245 936601 20200726103954 extension of due date.pdf downloaded: 69 times

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CA Payal Gupta (Chartered Accountant) (154 Points)
Replied 31 July 2020

This is the Notification I found but there is no relaxation is given.

Attached File : 3148904 20200731184932 notification 35 2020.pdf downloaded: 41 times

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 31 July 2020

@ CA Payal ji

Aslo refer Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.
along with Notification No.35 /2020, dated 24-06-2020.

Let me explain,
Section 3(1) of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 is relevant to the time extension and other compliance requirements. It states that where any time limit is-

specified in the specified Act (for eg., Income Tax Act, 1961), or
prescribed in the Rules made thereunder (for eg. Income Tax Rules), or
notified in any Notifications (for eg. the last date to link PAN-Aadhaar is notified by a Notification)

and such time-limit falls in the period between 20-03-2020 and 29-06-2020 (or a new notified date)-

then the followings are provided under section 3 of the Ordinance,2020 and completion or compliance of action must be related to the followings-

completion of any proceeding, the passing of any order, issuance of any notice, intimation, notification, sanction or approval or such other action, by any authority, commission or tribunal, filing of any appeal,
furnishing of any report, document, return, statement or such other records, under the provisions of the specified Acts which includes Income Tax Act, 1961 (“Act”), shall be completed by June 30, 2020.

Section 3(1) of the Ordinance of 2020 expressly provides for furnishing of any statement under the Income Tax Act, 1961 and under the Act every deductor is required to furnish a statement of TDS within the due date prescribed in Rule 31A of the Income Tax Rules, 1962.

Section 3(1) of the Ordinance of 2020 empowers the Central Government to extend the end date of June 29, 2020, and the last compliance date of June 30, 2020.

In this context and by exercising the powers under section 3(1) of the Ordinance, 2020, CBDT has issued Notification 35/2020 dated 24.06.2020 and further extended the time limits under the Income-tax Act, 1961 and related Acts which were earlier extended by the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.

The said notification has replaced the date of June 29, 2020, as mentioned in the Ordinance, 2020 by December 31, 2020, and the date of June 30, 2020, by 31st March 2021.

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