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TDS remittance for 4th quarter.

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K.T.Antony

Chartered Accountant

56 Points Posted on 30 April 2020

Is there any relaxation for TDS remittance and filing TDS return for the 4th quarter FY 2019-20.

Replies (2)

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.

Pawan Vemula

196 Points Posted on 30 April 2020

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.

Advance Tax

Tax Deduction at Source (TDS)

Tax Collection at Source (TCS)

Self-assessment tax

Equalisation levy

Security Transaction Tax (STT

Commodity Transaction Tax (CTT)