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Due date if TDS

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meenu dhamija

7 Points Posted on 07 April 2020

what is due date of deposit of TDS for the month of march 2020

Replies (3)

Quick Summary

The due date for depositing TDS for March 2020 remained April 30, 2020, with no extension granted. However, a reduced penal interest rate of 0.75% per month (9% per annum) applies if TDS is paid after the original due date. Importantly, TDS returns could be filed until June 30, 2020, without incurring late fees.

Mandakulathur Ananthanarayanan

186 Points Posted on 07 April 2020

There is no extension for payment of March month TDS. Due date still remains at April 30, 2020. However, where TDS is paid after the due date, instead of existing penal interest rate of 1% p.m (12% p.a), a lower rate of 0.75%(9% p.a) will have to be paid.

However, TDS returns can be filed till June 30, 2020 without any late fees