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July 25, 2020

Income Tax Dep Clarifies TDS Returns Due date for Q1 & Q2 FY 2020-21 is 31 March 2021

Income Tax Clarifies TDS Returns Due date for Q1 & Q2 FY 2020-21 is 31 March 2021

The COVID 19 pandemic has been largely disruptive to the growth of India. With an ever increasing corona virus cases, lockdown was considered as an only solution to flatten the curve. However the measures which were implemented to avoid a human disaster, have in turn led to the birth of several issues such as unemployment, recession, hindrance to economic growth, financial instability and so on.

Ministry of Finance (CBDT) issued Notification 35/2020 on 24.06.2020 extending the time limit for filing ITRs, TDS/TCS returns, making investments etc. for AY 2020-21 & 2019-20

In exercise of the powers conferred by section 3(1) of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 the Central Government specified that, for the purpose of the said sub-section (1):-

  • the 31st day of December, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the specified Act falls for the completion or compliance of such action as specified under the said sub-section; and
  • the 31st day of March, 2021 shall be the end date to which the time limit for completion or compliance of such action shall stand extended

Thus, the due dates of all compliances falling between 20th March, 2020 and 31st December, 2020 shall now be extended to 31st March, 2021.

The Revise TDS due dates as per CPC Income Tax for Q1 and Q2 for FY 2020-21 AY 2021-22 are as per below table

Filing of TDS/TCS Statement

Nature of complianceOriginal Due DateNew due dates notified
on 24 June 2020
Form 24Q, 26Q, 27Q and 27EQ of Q4 of FY 2019-2031 May 202031 July 2020
Form 24Q, 26Q, 27Q and 27EQ of Q1 and Q2 of FY 2020-21As per Rule 31A/31 AA31 March 2021
Form 26QB, 26QC and 26QD of February, 202030 March 202031 July 2020
Form 26QB, 26QC and 26QD of March, 202030 April 202031 July 2020
Form 26QB, 26QC and 26QD of April to November, 202030 days from end of month in which tax is deducted31 March 2021

Issue of TDS/TCS certificate

Nature of complianceOriginal Due DateNew due dates notified
on 24 June 2020
Form 16 for TDS on salary during FY 2019-2015 June 202015 August 2020
Form 16A for TDS on income other than salary for Q4 of FY2019-2015 June 202015 August 2020
TCS certificate for Q4 of FY 2019-2030 May 202015 August 2020

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