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Extendion of Due date for TDS Payments in light of Covid-19

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Satish Kumar

Partner

35 Points Posted on 20 April 2020

Dear sir, on 24th March, the GOI has issued a clarification for extension of certain due dates , but there was no extension for TDS payments since the 1st lock down was only till April 14th, now as the lockdown was extended till may 3rd, now what is the Due date for TDS Payments?

Regards,

Replies (2)

Quick Summary

This discussion clarifies the due dates for TDS payments amidst the Covid-19 lockdowns. While initial clarifications didn't extend TDS payment deadlines, a later ordinance extended most due dates to 30th June 2020. However, this extension does not apply to the actual payment of tax. Any TDS payments made between 20th March and 30th June 2020 will attract a reduced interest rate of 0.75% per month.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 21 April 2020

The Due date is 30th April-20...

No more extension for due date up to till date...

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.

The benefit of extended due date shall not be available in respect of payment of tax. However, any delay in payment of tax which is due for payment from 20-03-2020 to 29-06-2020 shall attract interest at the lower rate of 0.75% for every month or part thereof if same is paid after the due date but on or before 30-06-2020.

https://www.incometaxindia.gov.in/pages/deadline.aspx