Question: What Is The Due Date For TDS Payment For April 2020?

What if due date of advance tax is Sunday?

If on the due dates is Sunday or any holiday then the assesee can deposit the advance tax on next working day.

It will treated as advance tax and no penal interest will be charged.

The penal interest at the end of the financial year will be calculated by the delay from the due date of particular installment..

Can TDS be paid on Sunday?

10 September 2010 CBDT has clarified in its Circular No 676 of January 14, 1994, that if the last date for payment is a holiday, Section 10 of the General Clauses Act, 1897 will be applicable and, accordingly, the assessee can make the payment on the next immediately following working day and, in such cases, the …

Can we claim TDS refund after due date?

If you want to claim your income tax return after the due date of 31st July of every year, you can do so by filing for a belated return. A belated return can be filed either before the completion of the assessment year or by the end of the relevant assessment year, whichever is earlier.

Is there any chance to extend ITR filing date?

Simultaneously, the ‘specified date’ for filing tax audit reports be extended from 31.12. 2020 to 28.02. 2021 as well for AY 2020-21. & Tax audit Income tax return filing date be extended to 31.3.

How can I pay TDS late?

Use Challan ITNS 281 to pay the above with your relevant Banker or use any other Challan, which has adequate balance available. Download the Conso File from Traces portal. In case of payment towards late filing fee, please Tag the challan towards the payment, in the “Fee” column” using RPU Ver.

What happens if TDS is deducted but not deposited?

1. What will happen when the deductor fails to deposit the TDS with the IT department? When your employer has not paid the TDS to the income tax department, the TDS would not be available against your PAN in your Form 26AS. You cannot take a tax credit of the TDS while filing your income tax return.

What are the income tax slabs for AY 2020 21?

Income tax slab rate applicable for New Tax regime – FY 2020-21.Income Tax SlabNew Regime Income Tax Slab Rates for FY 2020-21 (Applicable for All Individuals & HUF)Rs. 5.00 lakhs- Rs 7.5 Lakhs10%Rs 7.5 lakhs – Rs 10.00 Lakhs15%Rs 10.00 lakhs – Rs. 12.50 Lakhs20%Rs. 12.5 lakhs- Rs. 15.00 Lakhs25%4 more rows•Dec 30, 2020

Is TDS payment date extended?

The date for filing TDS return for February and March have been extended to July 31, 2020. … The March 31 ordinance has enabled provision empowering the central government to further extend due dates to beyond June 30, 2020. The due date for filing ITR for FY2019-20 has already been extended till November 30, 2020.

What is the due date for TDS payment?

Due date for payment of TDS. Generally, the due date for TDS payment is always the 7th day of the next month, with a few exceptions. For example, if an organization wants to pay TDS for the month of July, then the due date for the same will be the 7th of August.

What is the due date for tax filing FY 2019/20 AY 2020 21?

As announced by the government in a press conference, the due date for all income-tax return (ITR) for FY 2019-20 has been extended from July 31, 2020, and October 31, 2020, to November 30, 2020, and tax audit from September 30, 2020 to October 31 2020.

What is the due date of TDS payment for March 2020?

The due date for payment of TDS for the month of March-2020 is 30th April, 2020. There is no change in the due date of payment of TDS for the month of March, 2020.

What if TDS due date falls on Sunday?

A common question asked is what is the last date of payment when above mentioned due date falls on a Sunday or public holiday. In this case, the next working day can be considered as the last day of payment of Tax Deducted at Source.

What is the rebate for AY 2020 21?

From the AY 2020-21 rebate u/s 87A (only for Individual) is available only if the Net Total Income < Rs. 5,00,000/-. The quantum of maximum rebate will be Rs. 12500/-....Income tax slabs.Taxable incomeTax RateRs. 2,50,000 to Rs. 5,00,0005%Rs. 5,00,000 to Rs. 10,00,00020%Above Rs. 10,00,00030%1 more row•Aug 10, 2020