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tds return filing due date

Now one of the employees has queried regarding non-reflecting of TDS for the month of March 18 in his PAN. In brief, you need to know about the various forms that are available for filing the TDS returns. The calculation of interest for payable TDS amount is done on the basis of the date from when TDS was deducted instead of the date on which it was due. All bankers are charging GST on Interest Portion in my card. 1000 to maxi. 4 | 31st March | 31st May | 15th June(31st May for Form 16). Interest Rate. Kindly request you share the correct details. What is the cost? They can download these forms for any given period so it should not be a problem for them if they are willing to help you with your Form 16. 2013-14, No TDS on Service Tax u/s 194J of the Income Tax Act, Introduction of Section 87A -Income Tax Rebate. Change in due date for filing form 24G According to Section 234E, a late fine of INR. No.| Quarter ending | E-tds return Due date | Form 16A Due date Suppose you have to pay a TDS amount of INR 5000 on 1st March, but you pay the TDS amount on 30th June, then the total amount of penalty will be calculated as INR 200 X 122 days = INR 24,400. But you paid this TDS after the actual date of TDS deposit, on June 19th. TDS Return Filing Due Dates for FY 2019-20. On Any GST, Tax, ROC, MCA & Payroll Software. I do not have any other income source. As soon as IT dept. 2,00,000/-TDS deducted by deductor u/s 194A @ 10%. Is it 30th November 2020? But no result till now. And I also want to claim tax refunds from June 2017 to March 2018, as TDS was cut every month, but I don’t yet come under the tax bracket. May 31, July 31, October 31 and January 31 for 2018-19. Yes, you have to pay interest amount and late fees payment under sec 234E. We filled 27Q (Payment to NRI) return on 27 May 2019 for Quarter 4 of FY 18-19. of 2020-21 than the late filing fee/penalty will be charged or not ….as the return’s due date is 31.03.2021. Yes. I have income from rental only , please tell me how can I file income tax and how to take form no 16 / 26a. 3. You can file a grievance on income tax website or you can write a mail to ITD. Sir, if your TDS is deducted by the Bank and you have late file 15G form. The interest is payable by the taxpayers before the filing of the TDS return. I DONT WANT BANK TO DEDUCT T.D.S ON INTEREST. treasury though we got TAN late? 93/2020 dated 31.12.2020. As I was having TAN Number, I deducted TDS of Rs 9250 per month from his salary and deposited the same using TAN number under the major head – Non Co Deductee (0021) Major Head – TDS/TCS payable by Tax Payer (200), Nature of Payment – the non-govt employee for AY 2019-20. Refund of Excess TDS. If you have purchased during the tax period then you need to file ITR-2. Now can they pay TDS on the previous months liability with interest and can file the return with all the late fees? then the interest of 2 months will be charged or 1-month int. As of 1’st Jan 2021, apparently, there has been no extension announced by the Income Tax Department. Please let me know. Tax is to be deducted on the date of credit of such amount or date of payment, whichever is earlier . Thank you so much for giving me such important information, if any gov employee fill the tds after 31 st july then will any money be deducted from refundable money ????? plz suggest, No money will be deducted from refundable money. In that situation, there is no use of that 15G and now you can take refund only after filing of the return on due date. 3 | 31st December | 31st January | 15th February Do you know when the ITR forms for FR 2917-18 will become available? TDS returns are due every quarter. 1. In franchise can we claim Input Tax Credit on Brand? From which date we can file ITR for AY 18-19? Contact Traces department for assistance. PLEASE TELL ME HOW MANY MONTH INTEREST PAYABLE. It is not possible to issue Form 16A without filing TDS return. So in case you have paid only 37 lacs then TDS is required to be deducted only on 37 lacs. Please read a helpful guide on Form 15G and 15H and How it Save TDS on Interest Income? please contact the department. PLEASE INFORM WHEN I WILL GET MY TDS BACK? TDS payment in March 2020 what’s the exact date. And also please confirm the due date to issue Form 16. Hi What should I do? I have been TDS deducted since I joined the job. I was deposit TDS online through Net banking on dated 05.06.2020 for A.Y. Hi,I am Vineeta Sharma. I have done my (B.Com) from Rajasthan University. will release ITR forms for AY 2018-19, then you can file the returns. sir if i have a FD in a bank then how many time I have to submit the form 15G/H. IN SHORT, BOTH TDS ARE DEDUCTED IN MARCH AND PAD BY DIFFERENT CHALLAN IN MARCH 18 FOR MARCH SALARY RS 52308. Its depend on the company to company. 2. 200 per day. Due date for payment of TDS for March month is 7th April 2020. I had made payments in June/July for FY 2019-20. You can download form 16 after processing of return. Is there any Extension to TDS Return Due Date For Quarter 1 FY 2020-21: There is a lot of confusion among the deductors regarding the filing of TDS returns for the first quarter of the financial year (FY) 2020-21 that ended on June 30, 2020. TDS for the fourth quarter of 2017-18 has been filed without taking into account the challan that was deposited to Income Tax Department on 15 Apr 18. TDS Last Dates of FY 2019-20 for Return Filing Notification No.35 /2020/ F. No. Reply. Due Dates for Filing TDS Return (For Government and other deductors) Due Dates for Filing TCS Return: 30th June: 31st July: 15th July: 30th September : 31st October: 15th October: 31st December : 31st January : 15th January : 31st March : 31st May : 15th May : 3. If this doesn’t work out, no need to worry. Hello, My employer deducted monthly TDS amount for the period of May 2017 to Oct 2017. While I am preparing 26Q – Q2 for the financial year 2020-21, I cannot able to find the 94J option in Annexure I part under deductee details. Once his TDS correction is processed, the entry will be automatically removed from your 26AS. According to the norms of the Income Tax Act, You might become liable to pay the penalty of equal amount as the deducted/collected amount. 50000/-). The tax deducted at source is paid to the credit of the government. TDS Intreast Rate & Date of Late Payment. I am using various credit cards and I am paying the min. The due date for GSTR-1 for the month of March 2020 is 30th June 2020, Due Date for GSTR-3B is 24/06/2020 for Turnover > 5 Crore, 29/06/2020 for 1.5 crore. Sir March 2020 Tds Payment Date jo ki 7 April h Kya ye change hui h plz reply me. 2017-18 on or before 31/07/2018. All Rights reserved. If I sales machine then I pay the You need to show this entry in the fourth quarter of FY 2017-18 only. The penalty under section 271H starts from INR.10,000 and can be extended to INR 1,00,000 when the Deductor/Collector files a wrong return. Revise the return and change the PAN No. I Have submitted my return for AY 2020-21 on 12th June 2020 with a claim of refund but still have not got a refund. Yes, you are required to pay interest and penalty on late payment/deposition of TDS. Due Date. for AY 2020-21, due to COVID? Hi, you can log in to Traces and select Request for OLTAS Challan correction under Statements/Payments Tab. Filing of TDS return for Q1 & Q2 of FY 2020-21 is 31st March 2021. WHAT ARE THE MONTHS THAT ARE TO BE INCLUDED IN RETURN OF SAY JULY OF THE TDS, How to Rectify the income details in ITR fy 2017-18 which was filed in April 2017 and successfully E Verified. The last date for filing TCS Return of Q-1 of FY 2019-20 is 15th July 2019. So when such individuals fail to pay the taxes on time, the penalties are levied along with interest. 200/day, but the amount of late fee is limited to the amount of TDS to be reported for the concerned period. I’m new with these taxes and this FD is my only source of income. I am the sole proprietor of a consultancy firm without any employee with an annual turnover of around 10 lakhs or so. Due date for 15G/H for Mar ending quarter is 30th April, Please check again. Thanks, Sirji. WITH REGARDS 1Qtr tds certificate issue on – 15aug 2016Next is 15nov 16 next 15feb17 and last Qtr 15june 17 because last Qtr returns due date is 31may 17, Due date of issuing form 16A will be 15 Aug, 15Nov, 15 Feb and 15 June.For Form 16, it will continue to be 31 May. 2nd Quarter – 1st July to 30th September – 31st October 2019 4. - Due to COVID-19 outbreak relaxation has been provided in the delayed payments of Taxes (Advance Tax,Self assessment tax, Regular tax, TDS and TCS) which are due between 20th March 2020 to 30th June 2020. Please help. http://blog.saginfotech.com/wp-content/uploads/2016/05/notification30_2016.pdf, http://blog.saginfotech.com/new-approach-to-file-tds-returns-online, http://blog.saginfotech.com/wp-content/uploads/2016/06/notification30_2016.pdf, Benefits and Components of Form 16- Form 16A, Form 16B, For 15G/H Received from 1/04/2019 to 30/06/2019, For 15G/H Received from 01/07/2019 to 30/09/2019, For 15G/H Received from 01/10/2019 to 30/12/2019, For 15G/H Received from 01/01/2020 to 31/03/2020, “Government to infuse Rs 50,000 crores liquidity by reducing rates of TDS, for non-salaried specified payments made to residents, and rates of Tax Collection at Source for specified receipts, by 25% of the existing rates”. Sir, can we correct the TAN on TDS challan which is wrongly entered, if yes plz tell me the procedure of the correction. I AM 4TH QUATER CHALLE PAID IN INTEREST… PAID CREDITED DATE AND DEDUCTION DATE WHICH DATE ADDING. By the time we get TAN the due date for the TDS deposit will be over. The due date for depositing TCS is the 7th of next month. Can we submit the form online once it is available? One is You can file Income tax return on regular basis, or the Second one is you can file lower deduction certificate. ETDS Return last date 31st July16 for 26Q & 24Q for all type deductors,i.e.Company,Non Company,Trust,firm etc. In GST, since this is a purchase transaction you must have not shown it in GSTR-1 unless it is under RCM. Section code has been changed you need to type/mention as 4JA instead of 94J. Break the amount of salary credited to employee according to the challan amount for filing 24Q. There was relaxation for payment of TDS amount till 30th June 2020 (Due dates of payment of which falls during the period of 20th day of March 2020 to the 29th day of June 2020) with a reduced rate of interest of 0.75%. ple. 2014-15 or F.Y. I was Paid Only 3,700,000 and TDS Deduct on 100% But not pay till date. Just because its government. My FD matured at the end of Nov 2016 and then auto renewed. IF MARCH TDS IS PAID ON JUNE 2020. There is no exact date for the payment of Self Assessment Tax. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be deducted at a prescribed rate and then deposited with the government. From where can we obtain Form 15G, please. TDS return for Q4 of FY 2019-20: In the normal scenario the due date for filing of TDS return for Q4 of FY 2019-20 would have been 31.05.2020 but due to Covid the due date was extended to 31.07.2020 and hence one could file TDS return for Q4 till 31.07.2020. There was relaxation for payment till 15th July Last date for submission of return was 31st July I had filed a return on 31-07-2020 (26Q 4). Thanks, 1% TDS PAYMENT AGAINST IMMOVABLE PROPERTY PURCHASE PAID BUT HOW TO REFLECT IT IN MY RETURN. Our Company registered on 15th Nov 2017. I have not returned TDS filing of 21-Non-Company (Pay of contractors and subcontractors) since from April-2017 to till date Due to lack of knowledge in this field, now I have to do return filing, How much Fine i have to pay for filing now? Does that mean the tds will keep getting deducted every month by the bank till I file 15g again in the month of april 2017? The same is with income tax, the penalty or delayed payment fees are charged by the Income Tax Department (ITD) to an individual who is not in compliance with the IT law or could not meet his/her tax duties in a well- manner. I want to buy income tax, roc, balance sheet and tds return filing software. What is the due date for submitting TDS Certificate form 16? 31st December 15th January of the Financial Year The due date to file TDS Returns for the quarter April 2020 to June 2020 is 31st July 2020 and for TCS Returns is 15th July 2020.As of 1st July 2020, apparently, there has been no extension announced by the Income Tax Department. For instance – If you have to pay TDS amount of INR 3000 which you had deducted on January 15th. What is the last date of payment of self-assessment tax for 2019-20 without any penalty or interest? PAN Number, Payment amount and payment credit date. TDS deducted by govt agencies on 15.4.2018, for the month of Feb-2018 Salary( DTO), means Feb-2018 salary received on 15.4.2018, due to non-submission of form16, they hold the salary-Feb-2018, now my query is TDS deducted on 15.4.2018m and made book entry on the same day, now which year TDS return should be filled either Fy2017-2018 or 2018-2019, please provide solution. I work from home online and I have been having TDS cut every month since June 2017 (10%) but I don’t come under the tax bracket. Please check your refund status with NSDL, I have bought a home in Feb 2020, the downpayment was paid in February, and the agreement was done in February but the bank released a loan in March. So please suggest me Income Tax Guideline Because. The due dates for all the TDS returns i.e. You can always login to your e-filing account on IT Department website and download the tax credit statement 26AS. Negligence . For example: If the due date of TDS payment is April 15th and the TDS was deducted on March 30th. Please guide me. please guide me. Vodafone was the regular vendor, hence our team didn’t check their PAN no and submitted TDS & GST in old Vodafone PAN & GST no-till Jan’19. Conditions when no penalty is levied for delayed filing or payment of TDS/TCS return as per section 271H. Quarter: Period: Last Date of Filing: 1 st Quarter: 1 st April to 30 th June: 31 st July 2019: 2 nd Quarter: 1 st July to 30 th September: 31 st Oct 2019: 3 rd Quarter: 1 st October to 31 st December: 31 st Jan 2020: 4 th Quarter: 1 st January to 31 st March: 31 st May 2020: TCS Return Filing Due Dates for FY 2019-20 . Date of ending of the quarter of the financial year Due Date If we deduct the march -20 TDS and deposit the same in May-2020. what is the last date of TDS return filling date for Q1 ? Otherwise, you may ask the bank for a copy of blank form 15G. 2. After uploading quarterly tds return you can generate form 16A, 16B or form 16 within 15 days of uploading your return but if return is not filed then you can not generate form 16/16A/16B. Once your return is processed by the department, your refund will be issued. we have to pay? The due date to file TCS Return for quarter 3 FY: 20-21 (Oct 2020 to Dec 2020) is 15th Jan 2021. 2. if tax is paid without production of challan then the amount should be credited to the central government on the same day on which tax is deducted. Hi, As per the recent updates by the government on the TDS, TCS certificates, the department has extended the validity of both lower or nil TCS, TDS certificate till 30th June 2020 in the view of currently going coronavirus pandemic. How much int. The interest along with late filing fees is paid to the credit of the government. Details required for TDS returns filings. Default due date is 31.07.2018 but what is it’s starting date? But the department already started issuing notices for short payment of interest. Penalty (Sec 234E): The TDS deductor will be accountable to pay a penalty of INR 200/- per day to the IT department till the date the complete TDS amount is being paid. So, here the interest will be calculated for the time period starting from March 30th, instead of April 15th which is the due date. How 15G/15H uploaded for a deductor. Correct them. Please let me know the Tds Payment deposit due date. TDS is deducted on a monthly basis and self-assessment tax can be paid at any time before the end of financial year. 15th of every quarter ended like for April to June quarter due date of uploading 15G/ 15H is 15th July. When a part or whole amount of tax is Non-deducted at source then 1% per month interest is subject to TDS/TCS amount when the Interest period starts from the date on which the tax was deductible and lasts till the actual date of deduction. What is the due date if TCS return for 1st qtr. Please advise how to get it corrected as the last date for filling the return of FY 2017-18. Sir He’s talking about the income tax return, not GST return, if you want to file itr-2 then you have to wait because for a/y 2018-19 department not released the form for itr 2 till now and if your income is only for salary then you can file ITR 1. I tried to generate it through net banking but it is saying no PAN mapping, as my PAN is not linked with the account. We are not filed our TDS return FY17-18 on time, what we can do now? You may ask your employer to serve you form 16. You can claim the credit for the TDS which is available in 26AS. NEXT TDS RS 1200/- DEDUCTED FOR the SAME EMPLOYEE IN MARCH AFTER 5DAY ON REQUEST OF EMPLOYEE TO DEDUCT MORE TDS AND SAME ALOS PAID IN MARCH 2018, NO FURTHER SALARY PAYMENTS IN MARCH. No. What is IT Dept ‘e-nivaran’ Scheme and How it Works? And if return filled after 30th April 2020, then what is the rate of interest charged, and the amount of late fees. Anyone can provide me link of Notification which is showing Updated Due dates for TDS return filling A.Y. I think March, April and May, 3 months to be charged right? In this case you can not claim the credit of TDS amount until the Sahara India will not deposit your TDS Amount. if someone has not filed e-tds returns for the last financial year 2015-2016, and now wants to regularize it, what is the remedy, what would be the penalty charges? TDS certificates may also be furnished by June 30, 2020. What is the due date for filing Form 26QC i.e TDS on rent of the property? TDS 2018-19 3rd quarter return filling version. For correction of TAN in TDS challan. WHAT IS THE RIGHT DUE DATE OF TCS RETURN FOR THE IST QTR.2016-17. No last date. LAST DATE FOR FILING TCS RETURN FALLS ON SUNDAY 15TH OCTOBER 2017 WHETHER CAN BE FILED ON 16/10/2017 WITHOUT PENALTY. Quarterly TDS/TCS Certificate: After uploading quarterly TDS return you can generate a TDS/TCS certificate within 15 days of uploading your return. We are not filed our TDS return FY18-19 on time for Q1,Q2 and Q3. If no TDS has been deducted on your rental income then you can directly file the ITR. What type of rebate my father can get under which rule please guide in detail. How we can do that? 3. HSN Code 62064000, GST Rate – 18%, Please the same to GST practitioner. (RENT PAYABLE TO OTHER PERSON FOR MORE THAN RS. How I rectify the same challan mistake. Yes Sir, Offline Correction of TDS Return for error type of Invalid PAN is possible by requesting Conso file. I do work for an online teaching company for job-based payments (no salary and the total amount involved is less than Rs one lakh per annum). Register / Track PAN Card Related Complain / Status, Fees and Penalty for Late Filing of TDS Returns, Steps for filing Rectification request on receipt of demand notice due to mis-match of Income Tax, TDS/TCS Rates Chart for A.Y. 200 per day has to be paid to the Income Tax Department in case of late filing of TDS/TCS return and the fine will be levied for every single day of delay until the late payment charges become equal to the amount of TDS and not more than that. You have to show the income of processing fee in the respective head of income under ITR and then you can show your TDS entry in ITR then you can claim the refund by filing ITR return for the respective head. 2020-21 without any issue. QUESTION IS AS TO HOW TO SHOW BOTH CHALLANS FOR ONE payment IN 24Q FORM IN MARCH 2018. June 21, 2014 at 11:23 am s sudarshana says: Why not section 192 included above? Name of the Entity (Proprietorship/ Partnership/ Company/ LLP) Date of Incorporation of the business; TAN details; PAN details; No of Transaction for filing TDS returns Firstly I don’t have any knowledge on that. is there any package available to buy all at least price? 31st July,2012. TDS return filing rules: TDS returns are required to be filed timely on the 31st day of July, October, January, and May during a financial year. The TDS filing is mandatory for everyone who has been into the payment transactions and therefore calls for various compliance by the government. Due date of TDS/TCS related compliances were extended by CBDT on 24.06.2020 vide CBDT’s notification No. You can file the return with payment of late fee and interest. Ask your company Delay in the filing of return will attract the late fee of Rs. The following are the original due dates for filing TDS Returns for financial year 2018-2019 : Late Filing of TDS Returns As per the new rules, effective from April 1, 2017, one is liable to pay a maximum penalty of Rs. Let’s suppose May 10th was the due date for paying TDS for a TDS that was deducted on April 15th and due to any reasons you missed the due date but paid the TDS on the very next day means on May 11th. Dear Sir, The filing due date for TDS returns of FY 2020-21 is 31st March 2021. 15 July, 15 Oct, 15 Jan and 15 May. What is the last date to make t.d.s for the assessment year 2016-2017. B S Tiwari, thank u sag for inform quarterly e-tds return filling. TDS stands for tax deduction at source while the TCS stands for tax collected at source. I AM A SENIOR CITIZEN. If your return is not processed then you can revise your ITR u/s 139(5). Company propriter return filling for q1 last date please tell. 1,79,165/- have been made to me and TDS of Rs.8,952/- has been deposited whereas this amount has been paid to another employee. How can Form 16A be issued before filing of return. Also, even if the wrong year is selected you can still utilize the same for A.Y. I don’t like this kind of falsehood even though government gets its money in time and my 26AS shows the tax deducted. May I deposit TCS of F.Y.17-18 in current year f.y.18-19 and could I take benefit in my ITR of F.Y.18-19.? The details about interest rates are given in Section 201 A. 10,000. How will transactions of more than one buyer/seller be filed in Form 26QB - TDS on immovable property? Dear sir, i paid tds with wrong tan no. Last date to file Q4 TDS return is 31/05/2018, and if the TDS amount is not reflected in your 26AS then you need to contact to your employer. No late fee/penalty shall be charged for delay relating to this period. What other document would I need to get a refund. 1st Quarter – 1st April to 30th June – 31st July 2019 Just add the relevant challan with necessary challan details. Please note the last dates for TDS / TCS Returns falling in July 2020 as under:. please contact to bank. If on last day there is government holiday like 15 Aug.2017 then what is the due date of issuing form 16A For F/Y 2017-18. I have to claim a refund of TDS for the financial year 2019-20. The last date for filing e-tds return for the quarter ended 30th June 2020 is 31st July 2020. Now the department has issued an intimation and asking to pay Penalty delayed payment and also charging interest. I have seen TDS from salary is not booked properly or booked under different head. However, if the interest is charged it will 0.75% per month and for more clarification. I have received demand on account of short deduction due to LDC, I have mapped old (2019-20) certificate no. Normally it takes 15-20 days for processing of return. Sl. I have not paid the TDS. Is there is any extension in due date for March 2020, due to COVID-19? 370142/23/2020-TPL dated 24th June 2020 – https://blog.saginfotech.com/wp-content/uploads/2020/07/notification_35_2020-1.pdf, What is the due date of filing q4 fy2020 TDS u/s 194j, Due date of TDS/TSC return of 1st qtr of AY-2021-22. Ordinance, 2020 extended the due dates of all compliances falling in between 20 th March, 2020 and 29 th June, 2020 to 30 th June, 2020. The problem is with the tax consultant of the company who likes to lump all payments into the last quarter of the year by giving false payment dates and file returns only by the last day in the month of May of the AY. ITR for AY 20-21 = 30 Nov 2020. Quarterly Filing. You cannot deduct TDS without holding a valid TAN. Thanks. Moreover, there are as five different forms that are available for filing the TDS returns.

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