Is there any relaxation for TDS remittance and filing TDS return for the 4th quarter FY 2019-20.
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Quick Summary
This discussion covers potential relaxations for TDS remittance and return filing for the 4th quarter of FY 2019-20. While the filing deadlines remain unchanged, a reduced interest rate of 9% p.a. applies to delayed payments of various tax levies, including TDS, made between 20th March 2020 and 30th June 2020. Further details can be found via the provided link.
Interest at a reduced rate of 9% p.a. shall be charged instead of 12% or 18% p.a. towards the delayed payment/deposit of the following income tax levies, made between 20th March 2020 and 30th June 2020. Note that there is no extension in the deadlines.