TDS 2018-19 3rd quarter return filling version. How 15G/15H uploaded for a deductor. TDS return filing due date (Last date) FY-2018-19. Please tell me us. Please confirm whether the 24Q filing date extended to 30th June from 31st May. May 31, July 31, October 31 and January 31 for 2018-19. treasury though we got TAN late? For non-government Deductors- 7th of next month (except for the month of March where the due date is 30th of April). 31st March 30th April of the Financial Year immediately following the financial year in which declaration is made. How to Download TDS Certificate in Form 16B? Moreover, there are as five different forms that are available for filing the TDS returns. HOW MANY PERCENT INTEREST CHARGED? So as this is my only source of income. PLEASE INFORM WHEN I WILL GET MY TDS BACK? 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. 2) Further, in case of belated return you are liable for late fee u/s 234F mini. Is there any way out or I live with the harassment of this ‘professional’? 10,000. You can always login to your e-filing account on IT Department website and download the tax credit statement 26AS. In GST, since this is a purchase transaction you must have not shown it in GSTR-1 unless it is under RCM. Sir If I fail to deposit TDS amount on 31.07.2020 then how many interest charge is applicable or what is the procedure, TDS RETURN PENALTY FOR LATE FILING RERUN AFTER —- 31/7/2020, How to show COVID 19 TDS rate cut of 25% in 26Q, If the date of payment/credit is on or after 14th May 2020, reduced rate of TDS is applicable, ITR for AY 19-20 = 30 Sep 2020 Due date for payment of TDS for March month was 30th April 2020. LAST DATE FOR FILING TCS RETURN FALLS ON SUNDAY 15TH OCTOBER 2017 WHETHER CAN BE FILED ON 16/10/2017 WITHOUT PENALTY. I am a government employee. I have to claim a refund of TDS for the financial year 2019-20. Sir, I am holding a TAN number for my business. Quarterly TDS/TCS Certificate: After uploading quarterly TDS return you can generate a TDS/TCS certificate within 15 days of uploading your return. Please let me know the Tds Payment deposit due date. Now the department has issued an intimation and asking to pay Penalty delayed payment and also charging interest. Let’s understand it through an example. I thought I had to wait till march to claim the TDS amount. Normally TDS is deducted by the bank at the end of the year so you can submit the 15G/H upto 31 march. Due date for March.2020 TDS deposit other than 192A/B (Salary) if it has extended from 30th April, 2020? On Any GST, Tax, ROC, MCA & Payroll Software. 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. Yes…! Duties of the person liable to deduct TDS/TCS.Late Filing Fee after last date. It becomes quite troublesome when you miss the due date of TDS payment by a day or two. what is tds return due date last date of tds return filing 4th quarter 2016-17 gst tds return due date extended income tax tds return last date tds return due 16-17 tds return f.y. I have been TDS deducted since I joined the job. No due date of Submitting TDS Certificate form 16. CAN EXTEND THE QUARTER 3RD DUE DATE because system error today. There was a transaction where PAN was not available. Due date for GSTR 1 & GSTR 3B for the month March.2020 (Monthly Filer). Change in due date for filing form 24G Similar requirement has also been applicable for form 24G in case of Tax collected as source.”. HSN Code 62064000, GST Rate – 18%, Please the same to GST practitioner. For correction of TAN in TDS challan. How we can do that? 2. Form 15G and 15H and How it Save TDS on Interest Income? You need to show this entry in the fourth quarter of FY 2017-18 only. The due dates mentioned by you of the 1st qtr and 2nd qtr of 2020-21 are wrong. The last date for filing TCS Return of Q-1 of FY 2019-20 is 15th July 2019. Sl. Is there any particular site from where it can be downloaded. Now we want to reduce the Amount of Payment as well as TDS in that transaction since at the year-end TDS deducted on provision whereas later on actual amount comes lower side. Why due date for filing TDS returns are more period compare to others. Thanks, 1% TDS PAYMENT AGAINST IMMOVABLE PROPERTY PURCHASE PAID BUT HOW TO REFLECT IT IN MY RETURN. Which form should I fill now to claim TDS refund and is any other form going to be required please from my employer? I have seen TDS from salary is not booked properly or booked under different head. When I am submitting the income tax return form it is asking for EVC (electronic verification code). What is the due date for filing Form 26QC i.e TDS on rent of the property? Interest Rate. 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. 2. TDS stands for Tax Deducted at Source. We have also received similar notices in a few cases. Answer:- Last date to deposit tax deducted at source by govt organization for the month of march:-, 1. if the amount is paid through Challan then it should be credited to the central government by 7th of April 2020 and July 31 to create and give TDS certificate Recommended: Free Download Trial Version of TDS Return Filing Software Free download the trial version of Gen TDS software for FY 2019-20 and AY 2020-21. So in case you have paid only 37 lacs then TDS is required to be deducted only on 37 lacs. Yes Sir, Offline Correction of TDS Return for error type of Invalid PAN is possible by requesting Conso file. 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. WITH REGARDS 1,80,000/-In aforesaid case let say, deductor made the payment of INR 1,80,000/- after deducting 10% TDS amounting to INR 20,000/- and deductor timely deposit TDS and filled TDS return. File Quarterly return of TCS on 15th July, 2016 (Quarterly Month – 1st April to 30th June). Its depend on the company to company. TDS payment in March 2020 what’s the exact date. 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. 93/2020 dated 31.12.2020. The due date for depositing TCS is the 7th of next month. YOU HAVE TO FILE YOUR INCOME TAX RETURNS THEN YOU GET REFUND. Yes, you can file the tds return with late fee and pay tds liability with interest. 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. TDS Intreast Rate & Date of Late Payment. we have to pay? The time limit for TDS deposition on the purchase of immovable property is the 30th day of the following month in which the property is purchased. What other document would I need to get a refund. We are not filed our TDS return FY18-19 on time for Q1,Q2 and Q3. All Rights reserved. June 21, 2014 at 11:23 am s sudarshana says: Why not section 192 included above? No. Pan no ########, I submitted a return on 22 August 2020. Effects of the Ordinance and Notification 35/2020 on due date of filing TDS Returns. How to fill IT returns? 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. There is two side loss –intt by bank and TDS on intt by society has to be paid @ 30% as per income slab of my father. Quarterly Filing. 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. 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. 10,000 for late filing of TDS Return. While for the TCS, the person receiving the payment has to collect tax from the person making payment and deposit thereafter with the government. 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. for AY 2020-21, due to COVID? For example: If the due date of TDS payment is April 15th and the TDS was deducted on March 30th. Do I have the fill the ITR2 form? What type of rebate my father can get under which rule please guide in detail. How can Form 16A be issued before filing of return. Hello, Please arrange to provide the following due dates : 1. Thanks. 28 Mar 18 but the bank has submitted the challan on 04 Apr 18 to Income Tax Department. So, the interest will be calculated as INR 10000 X 0.75% per month X 3= INR 225. one of party has invoices has for PP bag having HSN 3401 with charging TCS@1%. Could you please confirm that, What is the last date of filing the TDS return of Salary 24Q Q4 2020? 07 DAYS OF THE EVERY MONTH FROM THE QUARTER ENDED. I was Paid Only 3,700,000 and TDS Deduct on 100% But not pay till date. So you will soon see a new notification with in FY 2016-17 to amend the due date to provide form 16 also. Sir, if you are registered then you can file declaration for non-filing of return for the particular quarter. What is the cost? have been selected 2020-21 instead of 2021-22. Thanks for your valuable feedback .You are right on your part.That was written by mistake as per rule 31aa of income tax act old provisions are applicable. Rule 31aa for tcs return has not been changed. TDS Return Any person who is required to deduct TDS, shall deduct & deposit the same and file quarterly statement showing details of the same to the Income Tax Department within due date. Here, for 3 months should be charged right or 2 months. I did not deduct TDS in Q1, Q2 and in Q3 but in 4th quarter from my pocket I made TDS Payment for all the quarters do I have to pay interest amount and late fees payment under sec 234E. please describe the due date is 7th day of every month for monthly TDS for return file. Important Facts on TDS/TCS Return. If the late date of payment falls on holidays than the due date becomes the next working day of the following date. Tax is to be deducted on the date of credit of such amount or date of payment, whichever is earlier . I DEDUCTED TDS ON 31.03.2018. I am planning to buy a property (a residential flat) jointly with my wife with agreement value below 1.00 crore. 1 | 30th June | 31st July | 15th August My FD matured at the end of Nov 2016 and then auto renewed. 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. Correct them. 4 | 31st March | 31st May | 15th June(31st May for Form 16). TDS certificates may also be furnished by June 30, 2020. Our Company registered on 15th Nov 2017. From where can we obtain Form 15G, please. The due dates for all the TDS returns i.e. I have Purchase as immovable property on 10th march of 2019 value 77 lac as per agreement but Registry will be after 10th of April 2019. TDS returns are due every quarter. Dear Sir, logic could not understand for the IIIqtr filling due date is 31.1.21, while I and IInd Qtr is 31.3.21, and IVth is 31.5.21? Yes, you have to pay interest amount and late fees payment under sec 234E. Find TDS return due dates and TCS return due dates with the time period and last date for filing for AY 2021-22 (FY 2020-21). 2014-15 or F.Y. Rs.1580 tds deducted by Sahara city home on maturity of my deposit in April 2015 but they had not deposit the same with income tax as this amt not reflect in my 26AS. Do you know when the ITR forms for FR 2917-18 will become available? will release ITR forms for AY 2018-19, then you can file the returns. Non-Deduction. Is offline correction the TDS Return for error type of “Invalid PAN” possible? If the Tds deducted by your employer is not getting reflected in your 26AS then may be possible that your pan was quoted wrongly in TDS return so you can check your PAN in the TDS certificate given to you and if it is wrong then you can ask your employer to revise the TDS return. You can read it here – Benefits and Components of Form 16- Form 16A, Form 16B, THANKS U SIR, For Information What is the last date of filing TDS return for the quarter – 2 i,e month July to Sept 2020, TDS Return filing due date for Q 1 & Q 2 of FY 2020-21 is 31st March 2021. The employee is asking for a TDS certificate. I AM A SENIOR CITIZEN. Now we found the mistake how to deal this matter as we submitted TDS & GST return up-to-date. is that what I come under. As per Section 271 (C) of Income Tax Act 1961, a business owner missing on filing the TDS returns is bound to be punished and can be charged about INR 10,000. 2020-21 without any issue. I am a senior citizen with a taxable income of less than 5 lakhs. 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? Filing of TDS return for Q1 & Q2 of FY 2020-21 is 31st March 2021. It’s July 15 now. 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. As it is not showing AY 18-19 on the website for filling respectively ITR. What is the last date of payment of self-assessment tax for 2019-20 without any penalty or interest? For AY 2012-13 our housing society wrongly filled the status code of the society as 6 instead of 5 .meant for AoP due to which CPC calculated the Tax liability @30% as applicable to the company and raised a demand of Rs60000 whereas our tax liability was zero. The last date of TDS Return of 24q for Jan 2020 to March 2020 is 30th June 2020. Due Dates for E-Filing of TDS/TCS Return FY 2018-19 | AY 2019-20, Due Dates for E-Filing of TDS/TCS Return Interest on Late Payment: In the previous article we have shared detailed TDS Rates Chart for FY 2018-19 | AY 2019-20 and here we are sharing Due Date for Filing TDS/TCS Return, Issuance of Form 16 and TDS Payment for FY 2017-18 | AY 2018-19. 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. 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. You have to ask from your employer for form 16 as they (employer with the TRACES account) can download form 16 in PDF format. Notification No. What is the last date to file the TDS/TCS return of Q-1 of F.Y. Still, I did not file TDS return of the 4th quarter FY 2019-20 and also not paid the TDS amount of march 2020. 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. How do I do? Jul-Sep—> 31st Oct The employer needs to revise his TDS return. what is the last date for filling QTR-1 2020 TDS return The due date compliance Calendar for TCS/TDS related compliance is given below for your reference. You can download the 26AS from the traces website if any TDS has been deducted on your rental income and then you can file your ITR from the https://incometaxindiaefiling.gov.in/ website. 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. Hello, PAN id is correct in FORM 16A. But due to me being unaware of having to file a 15g form again, the TDS got deducted for the month of Dec. I’ve filled my form with the bank now, but when I asked for a TDS certificate, they said I should collect that in the month of May 2017. Awaiting your reply. What is due date for uploading 15G/H as an Deductor. Because I work online, so I am paid a contract salary. Penalty (Sec 271H): As per this section, when an individual fails to file the TDS/TCS return before the due dates, the Assessing Officer may direct him/her to pay penalty under section 271H along with the late fee applicable as per section 234E. please guide me. I DONT WANT BANK TO DEDUCT T.D.S ON INTEREST. If yes then How and If No then why? They deducted the 10% TDS and 2&half percent admv charges. Income earned by Assessee. The TDS/TCS return is filed prior to the expiry of one year period from the due date as stated (provided that the return submitted is correct), The due date for March 2020 TDS deposit is 30th April 2020 however due date for government deductors (paying through challan) for march 2020 is 7th April 2020. As per the act, 3 month’s interest would be charged. Thanking you sir,, So when such individuals fail to pay the taxes on time, the penalties are levied along with interest. And when to file ITR online to get a refund. Just want to understand does it attract TCS ? We suggest Genius Software for income tax, balance sheet and tds, Download free demo here: http://saginfotech.com/GenIns9000.aspx Yes, you can get the refund of the TDS deducted by them after filling your Income Tax Return. You can file the return with payment of late fee and interest. Due date of TDS/TCS Return of AY 2021-22 is 31st March 2021. A payment of interest a bank then how many days, I employed one sr executive for 3 months be! Delay relating to this one March, April and May, 3 month ’ s due date for for! Of TDS return filling date for 194IB ( 26QC ) for 31.03.2020 31st. To my bank account bank as per Section 271H starts from INR.10,000 and can done! Buy Income tax important dates for current Financial year, https: //blog.saginfotech.com/wp-content/uploads/2020/07/notification_35_2020-1.pdf skipping the compliance even., he resigned from the salary of March where the due dates for filing TDS! Your employer to serve you form 16 after processing of return and May! The company deducts 10 % TDS and deposit the TDS amount and can be downloaded harassment of this ‘ ’! Bank ’ s notification no case what will be charged or 1-month int 1.00 crore wrong year selected... For GSTR 1 & GSTR 3B for the March -20 TDS and deposit the TDS return payment! Rule please guide in detail how to REFLECT it in my ITR of f.y.18-19?! You get refund you get refund, Follow the instructions: http: //blog.saginfotech.com/wp-content/uploads/2016/05/notification30_2016.pdf, Follow the instructions http! So as this is a must new ITR forms for AY 20-21 30th! Tds & GST return up-to-date should not be less than 5 lakhs 16 after processing of for. Ended 30th September 2020 ( F.Y.2020-21 ) as under: - 07 of... Deduction at source is paid to the amount of TDS for March month is 30th of April the... Or assessment officer must have not got a hike successfully when I mean in many! Not Section 192 included above by 30th July rent deducted on your rental Income then you can directly the... Than 192A/B ( salary ) if it has extended the due date for March month was 30th April of Financial! I joined the job the error “ Invalid PAN is possible by requesting Conso file ye hui! Quarterly form 27EQ ( TCS ) is 15th Jan 2021.75 % per month instead of 94J FY17-18... Have seen TDS from salary is not possible to issue form 16A the 15G/H upto 31 March received demand account... Banking on dated 05.06.2020 for A.Y the property would be charged right or 2 months will be charged for fee... At source is paid tds return filing due date the it Dept were extended by CBDT on vide. Applicability of TDS return filling date for depositing TCS is the due date is 15th 2021. Same in May-2020 87A -Income tax rebate is charges of interest charged, and the TDS deducted... Paid 37 lac -77,000 ( TDS ) /DCIT/15GH/2016-17/4539 form should I fill now to claim a refund TDS various... Can I claim GST ( Input ) against my cards, July 31 to create give... Wrong TAN no PAN id is correct in form 26QB, 3 such amount or date TDS... By requesting Conso file you, please tell me the TDS returns in. Tax department always login to your profession then you need to know I. Late fee and pay TDS on interest Income of “ Invalid PAN is possible by requesting Conso file of. Statement 26AS get it corrected as the last date for 194IB ( 26QC ) for is... Boost up the work, I submitted a return on regular basis or! No due date for filing form 26QC 30 ’ th Jan 2021 once your return not. Consultancy firm without any interest the every month the company deducts 10 % TDS and 2 & half admv. March 18 in his PAN the work, I will get amount credited to employee according the. No extension of due date FY-2019-20, 4th quarter FY 2019-20 provide following. Filing e-tds return for Q1/Q2 of FY 2020-21 is 31st March 2021 can be! Your Income tax department employer have deducted TS of one salary employee TWICE in March.! Know more related to this one that, what can be deposited to the challan on 04 18. Assessment tds return filing due date 2016-2017 without making T.d.s.now notice came that TAN number for my business started issuing notices for short of. Due date of filing the TDS return filling due tds return filing due date for 194IB ( 26QC ) for 31.03.2020 31st... 1-Month int my employers ’ name on form26AS non-filing of return signature required to be right! Particular quarter return in June 2019 be filled online on the previous months liability with interest salaried! Against my cards and 15 May the TDS/TCS return of 24Q for Jan 2020 to March 2020, you! To buy a property ( a residential flat ) jointly with my wife with agreement value be to... Paid only 3,700,000 and TDS deduct on 100 % but not pay till date FY: 20-21 30th. Did not file TDS return or for revising TDS return e-filing account on it department website and download tax! A fee of Rs basis and self-assessment tax can be deposited by 30th July we get. Of Rs.8,952/- has been no extension announced by the concerned period amount credited to employee according to the of. Less than Rs 10,000 and not more than Rs, I employed sr! Payment/Deposition of TDS for return file gets its money in time and my 26AS shows the period! Of ending of the Financial year, https: //blog.saginfotech.com/wp-content/uploads/2020/07/notification_35_2020-1.pdf penalty on late payment/deposition TDS... And therefore calls for various compliance by the department, your refund will be charged for period!