Revise TDS / TCS return filing due date and payment due date for year 2020 as per Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
The due dates for various compliance in GST and Income Tax has been extended by Finance Minister. Pandemic COVID-19 forced a lockdown in India. During this period there are many challenges for the Business and Professionals including various compliances under the tax laws.
There are various relief provided in respect of filing of TDS/TCS statement and issue of certificate in the “The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020” for the quarter ended 31.03.2020
The colander year 2020 has started with many challenges with following are the revised due dates for various TDS related filing of returns and Tax payments
| TDS Returns Due Dates | Existing date | Extended date |
| Furnishing of TDS Statement for the fourth quarter of the Financial Year 2019-20 i.e From Jan to March 2020 | 31 May 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QB Online form for furnishing TDS on property for month February, 2020 | 30 March 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QC Online form for furnishing TDS on Rent on Property for month February, 2020 | 30 March 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QD Online form for furnishing TDS on Payments to Resident Contractors and Professionals for month February, 2020 | 30 March 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QB Online form for furnishing TDS on property for month March, 2020 | 30 April 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QC Online form for furnishing TDS on Rent on Property for month March, 2020 | 30 April 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QD Online form for furnishing TDS on Payments to Resident Contractors and Professionals for month March, 2020 | 30 April 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QB Online form for furnishing TDS on property for month March, 2020 | 30 May 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QC Online form for furnishing TDS on Rent on Property for month March, 2020 | 30 May 2020 | 30 June 2020 |
| Furnishing of TDS Statement in form 26QD Online form for furnishing TDS on Payments to Resident Contractors and Professionals for month March, 2020 | 30 May 2020 | 30 June 2020 |
Issue of TDS certificate for the 4th quarter and for the Financial Year 2019-20 (Section 203 read with Rule 31)
| Name of Form | Purpose | Existing Date | Revise Date |
| Form 16 | In respect of tax deducted from the salary during the Financial Year 2019-20 | 15 June 2020 | 30 June 2020 |
| Form 16A | In respect of tax deducted from payments other than salary for the quarter ending March 31, 2020 | 15 June 2020 | 30 June 2020 |
| Form 16B /16C/ 16D | In respect of tax deducted under section 194-IA/194- IB/194 during the month of March, 2020 | 15 June 2020 | 30 June 2020 |
| Form 16B /16C /16D: | In respect of tax deducted under section 194-IA/194- IB/194M during the month of April, 2020 | 15 June 2020 | 30 June 2020 |
Though the date for filing TDS return has been extended till 30 June, but Form 17/16A needs to be issued till 30 June itself, so the TDS return should be filed atleast 15 days before 30 June to avoid any penal provision
Furnishing of TCS statements for the 4th quarter of FY 202019-20 (Section 206C read with Rule 31AA)
| From TCS | Existing Date | Revise Date |
| Furnishing of TCS Statement for fourth quarter of the Financial Year 2019-20 | 15 May 2020 | 30 June 2020 |
Issue of TCS certificate for the 4th quarter (section 206C read with rule 37D)
| From TCS | Existing Date | Revise Date |
| Issue of TCS certificate for the fourth quarter of the Financial Year 2019-20 | 30 May 2020 | 30 June2020 |
Changes in Rate of Interest for delay in deposit the TDS/ TCS in time as per The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
The Taxation and Other Laws (Relaxation Of Certain Provisions) Ordinance, 2020” provides that where the due dates for deposit of TDS/TCS as per the existing law falls between 20.03.2020 to 29.06.2020 and same TDS/TCS is deposited before 30th June 2020 or before any other date that may be notified by the Central Government, then, that assessee will not be held as ‘assessee-in-default’ in depositing of TDS/TCS in Central Government account. However, Assessee is still required to pay interest as per section 201(1A) of the Act but that rate of interest will be at concessional rate of interest i.e. 9% instead of 18% as applicable. Further, no penalty and no prosecution shall be initiated or imposed on the assessee for delay in deposit of TDS/ TCS.
Due dates for TDS quarterly Returns for FY 2020-21
| Quarter | Period | Due Date |
| Q1 | 1 April 2020 – 30 June 2020 | 31st July 2020 |
| Q2 | 1 July 2020 – 30 September 2020 | 31st October 2020 |
| Q3 | 1 October 2020 – 31 December 2020 | 31st January 2020 |
| Q4 | 1 January 2020 – 31 March 2021 | 31st May 2021 |
Due dates for TDS payment for FY 2020-21
| Month | Due date for Government deductors | Due date for other deductors (Company, Individual, HUF etc) |
| April | 7th May 2020 | 7th May 2020 |
| May | 7th June 2020 | 7th June 2020 |
| June | 7th July 2020 | 7th July 2020 |
| July | 7th August 2020 | 7th August 2020 |
| August | 7th September 2020 | 7th September 2020 |
| September | 7th October 2020 | 7th October 2020 |
| October | 7th November 2020 | 7th November 2020 |
| November | 7th December 2020 | 7th December 2020 |
| December | 7th January 2021 | 7th January 2021 |
| January | 7th February 2021 | 7th February 2021 |
| February | 7th March 2021 | 7th March 2021 |
| March | 7th April 2021 | 30th April 2021 |
Interest on late payment and Late deduction of TDS
As per section 201(1A) Interest at the rate of 1% per month or part of the month on amount of TDS from the date of tax was deductible till the date of tax actually deducted shall be charged for late deduction.
Also, for late payment Interest at the rate of 1.5 % per month or part of the month on amount of TDS from the date of tax was deducted till the date such tax is paid shall be charged.
Interest on late payment of TDS: Changes made as per Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 dated 24th March 2020:
For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20th March 2020 and 30th June 2020, reduced interest rate at 9% instead of 12 %/18 % per annum (i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged for this period. No late fee/penalty shall be charged for delay relating to this period.
Due dates for TCS quarterly Returns for FY 2020-21
| Quarter | Period | Due Date |
| Q1 | 1 April 2020 – 30 June 2020 | 15th July 2020 |
| Q2 | 1 July 2020 – 30 September 2020 | 15th October 2020 |
| Q3 | 1 October 2020 – 31 December 2020 | 15th January 2020 |
| Q4 | 1 January 2020 – 31 March 2021 | 15th May 2021 |
Due dates for TCS payment FIR FY 2020-21
The due date payment for both government and non-government collectors is as under:
| Month | Due date |
| April | 7th May 2020 |
| May | 7th June 2020 |
| June | 7th July 2020 |
| July | 7th August 2020 |
| August | 7th September 2020 |
| September | 7th October 2020 |
| October | 7th November 2020 |
| November | 7th December 2020 |
| December | 7th January 2021 |
| January | 7th February 2021 |
| February | 7th March 2021 |
| March | 7th April 2021 |
Interest on late payment of TCS or failure to collect TCS:
In case the collector responsible for collecting tax at source does not collect it or after collecting fails to pay it to the Government, he shall be liable to pay simple interest at the rate of 1% per month or part thereof on the amount of such tax from the date on which such tax was collectible to the date on which the tax was actually paid and such interest shall be paid before furnishing the quarterly statement for each quarter.
