TDS deduction for 24Q FY 19-20

This discussion clarifies TDS deduction for the financial year 19-20 amidst COVID-19. Despite the pandemic, the financial year has not been extended and still ends on March 31st, 2020. While the TDS return due date is extended to June 30th, 2020, TDS for March must still be deducted and remitted by April 30th, 2020, to avoid interest charges. Late payments will incur reduced interest rates.