kinshuk ganguly (Asst.Manager (Accounts)) 30 March 2020
Is there any notification regarding Finalize total TDS deduction on salary for FY 19 -20 under COVID 19 cercumstances. If the Financial Year extended for TDS deduction under 92 B for FY 19-20. Please let us know in this critical situation.
Bhargav (cpt) 31 March 2020
FM has released a press notification stating that no extension of FY has been declared. and
The due date for tds return has extended upto 30th june but we have to deduct applicable tds, and has to remit before april 30
Any default in this matter will leads to interest, and those. interest rates are reduced now
Spurto Consultancy Services (Consultant) 31 March 2020
There will be no financial year extension. The FY 2019-20 will end on 31.03.2020.
TDS deducted for the month of March 2020 can be paid without any interest by 30.04.2020. However late payment of TDS can be made with lower rate of interest on late payment @ 9% upto 30.06.2020.