Waiver of Interest for TDS deducted under section 194M


Quick Summary
The Central Board of Direct Taxes (CBDT) has extended the due dates for TDS payments under Section 194M. This applies to tax deducted in September and October 2019. The deadline for paying this TDS and furnishing Form 26QD is now 31st December 2019. Additionally, the due date for providing the TDS certificate in Form 16D has been extended to 15th January 2020.

F. No. 370142/18/2019-TPL

Government of India

Ministry of Finance

Department of Revenue

Tax Policy Division

Central Board of Direct Taxes

147B-II, North Block, New Delhi

Dated 19'h December, 2019

Subject: Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of pavment of tax deducted at source under 194M of the Act -reg.

Considering the fact that the utility for payment of tax deducted at source under section 194M of the Income-tax Act, 196I(the Act) was deployed on 17.12.2019, the Central Board of Direct Taxes, in exercise of the powers conferred under 119 of the Act, hereby extends the due date for payment of tax deducted at source under section 194M during the month of September, 2019 and October, 2019 and the due date for furnishing the challan-cum-statement in Form 26QD for the same, from 31.10.2019 and 30.11.2019 respectively to 31.12.2019. Consequently, the due date of furnishing of the certificate of deduction of tax in Form 16D has also been extended for the tax deducted during the month of September, 2019 and October, 2019 to 15.01.2020. 

(Ankit Jain)

Dy. Commissioner of Income Tax (OSD)

TPL Division

Copy to:

I. PS to FM/OSD to FM/PS to MoS(F)/OSD to MoS(F)

2. PS to Secretary (Revenue)

3. Chairman, CBDT & All Members, Central Board of Direct Taxes

4. All Pr. DOslTl Pr. CCslTI DOsITI CCslT

5. All Joint Secretariesl CslTlDirectors/Deputy Secretariesl Under Secretaries of CBDT

6. The C&AO of India (30 copies)

7. The JS and Legal Adviser, Ministry of Law and Justice, New Delhi

8. CIT (M&TP), Official Spokesperson ofCBDT

9. 0 /0 Pr. DOlT (Systems) for uploading on official website

10. JCIT (Database Cell) for uploading on www.irsofficersonline.gov.in 

(Ankit Jain)

Dy. Commissioner of Income Tax (OSD)

TPL Division

FAQ :

The due date for paying TDS under Section 194M for tax deducted in September and October 2019 has been extended to 31st December 2019.

The due date for furnishing Form 26QD for TDS deducted under Section 194M in September and October 2019 is now 31st December 2019.

The due date for furnishing the certificate of deduction of tax in Form 16D for tax deducted in September and October 2019 has been extended to 15th January 2020.

The due dates were extended because the utility for payment of TDS under Section 194M was deployed on 17th December 2019, which was after the original due dates.

No, this extension specifically applies to TDS deducted under Section 194M during the months of September 2019 and October 2019.

 

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