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TDS RETURN Q-1 FY 2020-21 DUE DATE

Hardik Patel (76 Points)

24 July 2020

what is due date for TDS Return of Q-1 FY 2020-21 ?

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

The due date for furnishing the TDS statement for the first quarter of the FY 2020-21 gets extended to March 31, 2021 from the normal due date of July 31, 2020.

Hardik Patel (76 Points)
Replied 24 July 2020

Any notification ?

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No. 35/2020 dated 24.06.2020

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Hardik Patel (76 Points)
Replied 24 July 2020

This modification is read but no means due date of TDS Q-1.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

Section 3(1) of the Ordinance, 2020 is relevant to the time extension and other compliance requirements. It states that where any time limit is-

specified in the specified Act (for eg., Income Tax Act, 1961), or
prescribed in the Rules made thereunder (for eg. Income Tax Rules), or
notified in any Notifications (for eg. the last date to link PAN-Aadhaar is notified by a Notification)

and such time-limit falls in the period between 20-03-2020 and 29-06-2020 (or a new notified date)-

then the followings are provided under section 3 of the Ordinance,2020 and completion or compliance of action must be related to the followings-

completion of any proceeding,
the passing of any order,
issuance of any notice, intimation, notification,
sanction or approval or such other action, by any authority, commission or tribunal,
filing of any appeal,
furnishing of any report, document, return, statement or such other records,
under the provisions of the specified Acts which includes Income Tax Act, 1961 (“Act”), shall be completed by June 30, 2020.

Section 3(1) of the Ordinance of 2020 expressly provides for furnishing of any statement under the Income Tax Act, 1961 and under the Act every deductor is required to furnish a statement of TDS within the due date prescribed in Rule 31A of the Income Tax Rules, 1962.

Section 3(1) of the Ordinance of 2020 empowers the Central Government to extend the end date of June 29, 2020, and the last compliance date of June 30, 2020.

In this context and by exercising the powers under section 3(1) of the Ordinance, 2020, CBDT has issued Notification 35/2020 dated 24.06.2020 and further extended the time limits under the Income-tax Act, 1961 and related Acts which were earlier extended by the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.

The said notification has replaced the date of June 29, 2020, as mentioned in the Ordinance, 2020 by December 31, 2020, and the date of June 30, 2020, by 31st March 2021.