Find Quarterly TDS and TCS return due dates with the period and last date for filing for AY 2026-27 (FY 2025-26). TDS stands for tax deduction at source, while TCS stands for tax collected at source.
According to the Income-tax Act, if a person makes a payment to the recipient, TDS is required to be deducted at the prescribed rate and then deposited with the government. For the TCS, the person receiving the payment must collect tax from the person making the payment and deposit it thereafter with the government.
Here, we showcase the current due dates for filing TDS/ TCS returns as per the latest update by the government of India.
TDS/TCS Updates by Finance Ministry
- Circular No. 5 has been issued regarding the interest waiver on delayed TDS/TCS payments due to technical issues. Read Circular
- “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”
SAG Infotech always works to help taxpayers by providing the necessary materials that make return filing easy. We cover the TDS return filing last date and TCS return filing due dates in a proper format (quarterly basis) for AY 2026-27 (FY 2025-26). Also, the taxpayer gets the details of the TDS/TCS payment deposits every month for government and non-government employees.
Recommended: Free Download Trial Version of TDS Return Filing Software
Here we have provided the Last Dates of FY 2025-26 for TDS Return Filing, along with the Last Dates of FY 2025-26 for TCS Return Filing.
TDS Return Due Date Quarterly for FY 2025-26
| Quarter | Period | Last Date of Filing |
|---|---|---|
| 1st Quarter | 1st April to 30th June | 31st July 2025 |
| 2nd Quarter | 1st July to 30th September | 31st October 2025 |
| 3rd Quarter | 1st October to 31st December | 31st Jan 2026 |
| 4th Quarter | 1st January to 31st March | 31st May 2026 |
Due Date of Quarterly TCS Returns for FY 2025–26
| Quarter | Period | Last Date of Filing |
|---|---|---|
| 1st Quarter | 1st April to 30th June | 15th July 2025 |
| 2nd Quarter | 1st July to 30th September | 15th October 2025 |
| 3rd Quarter | 1st October to 31st December | 15th Jan 2026 |
| 4th Quarter | 1st January to 31st March | 15th May 2026 |
Note:
- Quarterly TDS/TCS Certificate: After uploading a quarterly TDS return, you can generate a TDS/TCS certificate within 15 days of uploading your return.
TDS & TCS Payment Deposit Due Dates for Govt & Non-government
- The due date for depositing TCS is the 7th of next month.
- Due dates for depositing TDS are as follows:
- For non-government Deductors- the 7th of next month (except for March, where the due date is the 30th of April)
- For Government Deductors-
i) If paid through a challan, the 7th of the next month
ii) If paid through book entry- Same day, i.e. the day on which TDS was deducted.
Monthly TDS and TCS Payment Due Dates
| Deduction Month | Due Dates for Depositing TDS and TCS |
|---|---|
| November 2025 | 7th December 2025 |
| December 2025 | 7th January 2026 |
| January 2026 | 7th February 2026 |
| February 2026 | 7th March 2026 |
| March 2026 | 7th April (TCS) | 30th April 2026 (TDS) |
Can I File a TDS Return After a Holiday or on Sunday?
Tax-deductible at the source is done at the time of the payment to the receiver, and the tax deducted is directly deposited by the giver to the government. The TDS filing is mandatory for everyone who has been into payment transactions and therefore calls for various compliance by the government.
The upcoming TDS return filing due date given by the government is near. As per the sources, it has been found that the upcoming TDS return due date is falling on a Sunday, which is a public holiday; therefore, one can also pay the TDS on the next working day.
Due Date of 15G/15H Form
The due date for quarterly furnishing of 15G/15H declaration received by the payer from 1/04/2017 onwards and the manner for dealing with 15G/15H received by the payer during the period from 01/10/2015 to 31/03/2016 has been specified in Notification No. 09/2016 dated 9th June 2016 wide F.No.DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539.
| S.No. | Scenarios | Original Due Date |
|---|---|---|
| 1 | For 15G/H Received from 1/04/2025 to 30/06/2025 | 15/07/2025 |
| 2 | For 15G/H Received from 01/07/2025 to 30/09/2025 | 15/10/2025 |
| 3 | For 15G/H Received from 01/10/2025 to 30/12/2025 | 15/01/2026 |
| 4 | For 15G/H Received from 01/01/2026 to 31/03/2026 | 30/04/2026 |
TDS on Purchase of Immovable Property
- 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. For Example, if the property is purchased in the month of June, then TDS can be deposited by 30th July.
Penalties on TDS/TCS Quarterly Return Filing After Due Date
TDS ensures an on-time tax payment on behalf of the income generator, but not on behalf of the one who deducts the tax. For example, if an employer deducted tax on behalf of an employee, it implies that the employee has paid the tax, but that doesn’t mean the employer has also paid the same. So, here comes the role of penalties and late payment charges.
In our day-to-day life, we come across such terms as late payment fees, fines, etc, on pending bills or outstanding payments. The same is true 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 cannot meet his/her tax duties in a good manner. So when such individuals fail to pay the taxes on time, the penalties are levied along with interest.
In the same way, if a deductor or employer who deducts the TDS (Tax Deducted at Source) from the income of their employees fails to pay TDS to the government or fails to submit relevant tax documents to the IT department on time, they become liable to pay penalties for the late or non-payment of TDS.
Section 234E of the Income Tax Act, which was introduced on 1st July 2012, deals with the late payment fees or penalty applicable for late submission of quarterly TDS/TCS returns by the Deductor to the ITD.
Late Filing Fee If You Miss The Quarterly TDS/TCS Return Due Date
According to Section 234E, a late fine of INR. 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.
Let’s understand it through an example. 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.
Since the calculated value of the penalty is more than the actual amount of TDS, i.e., INR 5000, you will be liable to pay only INR 5000 as the late filing charges.
Interest in Non-Payment of TDS/TCS
In addition to the penalty, interest will also be charged. The interest is payable by the taxpayers before the filing of the TDS return. The details about interest rates are given in Section 201A.
- For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, and CTT made between 20th March 2020 and 30th June 2020, the reduced interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 per cent per month) will be charged for this period. No late fee/penalty shall be charged for delay relating to this period.
However, none or short payments of TDS/TCS made after 30th June will attract the following interest liability:- - 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.
- When a part or whole amount of TDS is not paid, then 1.5% per month interest is subject to the TDS/TCS amount when the Interest period starts from the deduction date and lasts till the actual date of payment.
- Interest at the rate of 1.5% per month ( from the date when it was deducted to the actual date of deposit) has to be paid for the late payment of TDS after deduction.
- Note: The interest is calculated on the basis of a number of months and not on the basis of a number of days, so a part of a month will be taken as a whole month.
For Instance, if you have to pay the TDS amount of INR 3000, which you deducted on January 15th. But you paid this TDS after the actual date of the TDS deposit, on May 29th. So, the interest will be calculated as INR 3000 X 1.5% per month X 5= INR 225.
However, according to many High Court Cases, a month is thirty days. But under the Income Tax Act of 1961, there is no precise definition for a month.
The most noteworthy point:
- The calculation of interest for the payable TDS amount is done based on the date from when the TDS was deducted instead of the date on which it was due.
For example, if the due date of the TDS payment is April 15th, and the TDS was deducted on March 30th. So, here the interest will be calculated for the period starting from March 30th, instead of April 15th, which is the due date.
It becomes quite troublesome when you miss the due date of the TDS payment by a day or two. 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 reason, you missed the due date but paid the TDS on the very next day, meaning on May 11th. In such a case, the interest calculation will begin from April 15th, and unnecessarily you would have to pay interest for two months, i.e., 1.5% per month X 2= 3%.
Therefore, it is very important to pay TDS before the due date of TDS payment to avert such obligations of paying huge interest and penalties.
Penalty
According to the norms of the Income Tax Act, you might become liable to pay the penalty of an equal amount as the deducted/collected amount
Prosecution under Section 276B
Section 276B states that if a person fails to pay to the credit of the Central Government within the specified time, as mentioned above, the TDS by him according to the provisions of Chapter XVII-B, he shall be penalised with a fine along with severe imprisonment for a period between 3 months and 7 years. The punishment will be based on the circumstances or the inspection done by the concerned tax authority or assessment officer.
Penalty Sections for Late Filing of Quarterly TDS/TCS Return
- Penalty (Sec 234E): The TDS deductor will be accountable for paying a penalty of INR 200/- per day to the IT department till the date the complete TDS amount is paid. However, the penalty shall be limited to the actual TDS amount and can not be more than that.
- 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 a penalty under section 271H along with the late fee applicable as per section 234E.
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.
Conditions when no penalty is levied for delayed filing or payment of TDS/TCS return as per section 271H.
- The tax deducted at source is paid to the credit of the government.
- The interest, along with late filing fees, is paid to the credit of the government.
- The TDS/TCS return is filed before the expiry of one year from the due date, as stated (provided that the return submitted is correct)
See Also: Income Tax Important Dates for Current Financial Year
Most Important FAQs Regarding TDS and TCS Return Filing Due Dates
Q.1 – What is the penalty fee to file a Quarterly TDS and TCS return after the due date?
Rs 200 per day is the late filing fee for the Quarterly TDS and TCS returns after the due date till the default continues. The late fee could be at most the amount of TDS deducted.
Q.2 – Who is obligated for the TDS deduction?
The deductor must deduct TDS before depositing the payment with the government. TDS is deducted whatever the mode of payment cash, cheque, or credit, and is linked with the PAN of the deductor and deducted.
Q.3 – What is the method to compute TDS on salary?
As per the income tax slab the TDS on salary is computed applicable to the employee after adjusting all the qualified deductions and exemptions. The salary is among the income where the employer (deductor) deducts full tax obligation as TDS.
Q.4 – What are Form 24Q, 26Q, 27Q, 27EQ?
Such Forms are the respective formats specified by the IT department for TDS/TCS returns. Form 24Q is specified for the return of TDS details on salary payments, Form 26Q for the Return of TDS details on other than salary payments (Domestic), Form 27Q is for the Return of TDS details on other than salary payments (NRI/Foreign) and Form 27EQ is for TCS returns.
Q.5 – Who is not obligated to file TDS?
An individual ought not to pay TDS if he/she is making a payment to a person or HUF whose books are not audited. If the payment is made to RBI, the government, or a mutual fund then the TDS does not need to be deducted. If the payment is incurred before a transporter who has 10 or fewer goods carriers and is engaged in the business that needs leasing, hiring, or plying goods carriage.
These individuals would be mandated to fill Form 26Q with the information of the non-deduction of tax including the PAN of the payee. If the payment has been made before the non-resident person for doing any work then the TDS does not get applied.
Q.6 – Who can have a TDS refund?
TDS returns having a valid Tax Collection and Deduction Number (TAN) are furnished via the employers or organizations. An individual is needed to deduct tax at the source and it is needed to be deposited in the said time who is filing the payments that are cited under the Income Tax Act.
Pls send due dates of various returns……
ITR for AY 19-20 = 30 Sep 2020
ITR for AY 20-21 = 30 Nov 2020
WHAT IS THE DUE DATE OF TDS FOR 194IB (26QC) FOR 31.03.2020. (RENT PAYABLE TO OTHER PERSON FOR MORE THAN RS. 50000/-). DUE DATE AS PER GOVERNMENT 31.07.2020. BUT WHEN TAX PAID LATE FEE PENALTY MASSAGE SHOWN.
The due date for 194IB for 31.03.2020 is 31st July 2020, So no late fees and penalty will be charged by the department.
WHAT IS THE DUE DATE FOR TDS RETURN FILING FOR Q1 OF F.Y.2020-2021
TELL ME SIR
Filing of TDS return for Q1 & Q2 of FY 2020-21 is 31st March 2021
can you share any notification link for same ??
Notification No.35 /2020/ F. No. 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
Due date of TDS/TCS Return of AY 2021-22 is 31st March 2021.
What is the last date of filing TDS return for the quarter – 2 i,e month July to Sept 2020
31/03/2021
31st July 2020
TDS Return filing due date for Q 1 & Q 2 of FY 2020-21 is 31st March 2021
What is the last date to file the TDS/TCS return of Q-1 of F.Y. 2019-20?
The last date for filing TDS Return of Q-1 of FY 2019-20 is 31st July 2019
The last date for filing TCS Return of Q-1 of FY 2019-20 is 15th July 2019
Dear Sir,
I was deposit TDS online through Net banking on dated 05.06.2020 for A.Y. 2021-22 but wrongly by mistake A.Y. have been selected 2020-21 instead of 2021-22. How I rectify the same challan mistake.
With regards,
Please contact to TRACES
Hi, you can log in to Traces and select Request for OLTAS Challan correction under Statements/Payments Tab. You can change: Financial Year / Major Head / Minor Head / Section Code.
Also, even if the wrong year is selected you can still utilize the same for A.Y. 2020-21 without any issue.
I have to claim a refund of TDS for the financial year 2019-20. When is the last date in such a case for filing IT returns and claim the refund? Is it 30th November 2020?
The last date of filing IT return for AY 20-21 is 30th November 2020.
The last date to file Income tax Return for the F.Y. 2019-20 is 30th November 2020 and for the Tax Audit Report of F.Y 2019-20 is 31st October 2020
SIR TDS 1 Q F.Y 2020-21 KA DEU DATE KAB TAK HAI SIR PLAZE
31st March 2021
Sir,
I want to know the last date for filing e-tds return for the quarter ended 30th June 2020 (F.Y.2020-21)
31st July 2020
The last date for filing e-tds return for the quarter ended 30th June 2020 is 31st July 2020.
Filing of TDS return for Q1 & Q2 of FY 2020-21 is 31st March 2021. I confused with these two posts sir previously posted like as fy 2020-2021 TDS Q1 return due date is 31 st July 2020. please clarify these two posts
As Per Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated 24th June 2020 issued by Govt of India
TDS DEDUCTED WAS 31-03-2020 AND PAID THE CHALLAN IN 09-07-2020. HOW MANY PERCENT INTEREST CHARGED?
1.5% PM
Sir, in the same case that is if i paid tds for the month of march in the month of june dated 30.06.2020 than for how many months interest i have to pay??? please clarify sir..
ICICI bank has still not created TDS certificate for Q4 ( Jan 1 – March 31, 2020) for TDS deducted on Savings accounts and
Fixed Deposits.
It’s July 15 now. Is the deadline July 15 or
July 31 to create and give TDS certificate
for AY 2020-21, due to COVID?
Thanks
TDS return filling due date FY-2019-20, 4th Quarter
Read the post carefully
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.
Yes, you have to pay interest amount and late fees payment under sec 234E.
I HAVE WITHDRAWN MY PF IN MAY 2019 BUT MY TDS WAS DEDUCTED. I HAVE FILED MY NIL I.T RETURN IN JUNE 2019.
PLEASE INFORM WHEN I WILL GET MY TDS BACK?
OR I HAVE TO AGAIN FILE NIL INCOME TAX TO CLAIM REFUND OF THAT TDS AMOUNT
While Return Filing, What had you selected the TDS refund option on TDS tab
In franchise can we claim Input Tax Credit on Brand? If yes then How and If No then why?
HSN Code 62064000, GST Rate – 18%, Please the same to GST practitioner
What is the HSN code and GST rate for Frankie? in case of franchise ?
Dear sir, i paid tds with wrong tan no. by online payment through sbi.nsdl advice to contact to ito[tds] for correction and i request ito[tds] for correction and same accepted by ito.please advice me how to check that my request has been processed as detail in challan of tds payment can not be changed as per nsdl.please advice me as tds return filing date is coming near
Is offline correction the TDS Return for error type of “Invalid PAN” possible? kindly suggest the way to rectify the error “invalid PAN”.
Yes Sir, Offline Correction of TDS Return for error type of Invalid PAN is possible by requesting Conso file
WHAT WILL BE THE LATE PAYMENT INTEREST RATE ON TDS FOR MONTH MARCH 2020 DUE TO COVID -19 PANDEMIC. IF MARCH TDS IS PAID ON JUNE 2020.
REGARDS
0.75% Per Month or part of the month
If you have to pay the TDS amount of INR 10000 which you had deducted on March 15th. But you paid this TDS after the actual date of TDS deposit, on June 19th. So, the interest will be calculated as INR 10000 X 0.75% per month X 3= INR 225.
Hello,
one of party has invoices has for PP bag having HSN 3401 with charging TCS@1%.
I personally dont think there is applicability of TDS on such transaction.
Just want to understand does it attract TCS ?
Dear Sir,
I am planning to buy a property (a residential flat) jointly with my wife with agreement value below 1.00 crore. Now I want to know whether I will be liable to deduct TDS on agreement value
Yes, you are liable to deduct TDS on agreement value.
Actually, I did not pay TDS of Quarter 4 FY 19-20 in April so I need pay in May 2020 so what interest amount will be charged
Interest will be charged at the rate of .75% per month.
Dear Sir,
Please let me know the Tds Payment deposit due date. Mar-2019 Payment deposit -date,
TDS Payment deposit due date for March Month is 30th April
If we deduct the march -20 TDS and deposit the same in May-2020. then the interest of 2 months will be charged or 1-month int. we have to pay?
please guide with below example/ march-2020 TDS payable Rs.100. TDS payment made on 10th may. How much int. will charge?
Interest for 2 months will be charged at the rate of 0.75%
But the department already started issuing notices for short payment of interest. For March month liability I paid interest for 2 months @ .75% *2m , but I received a notice to pay at 3% (i.e 1.5% *2m).
Yes, the interest rate of .75% per month will be charged for late payment of TDS for march month.
Yes. We have also received similar notices in a few cases. Right now mailed to TDSCPC with our working & reference to reduced rate announcement.
Here, for 3 months should be charged right or 2 months. I think March, April and May, 3 months to be charged right?
Please tell me the TDS payment due date for the month of March-2020. If we paid late what is charges of interest.
Last date for TDS payment for the month of march is 30th April 2020 for no govt deductors and for govt deductors due date is 7th April 2020 with challan and same day in case of payment through book entry.
Hi Sir,
Could you please confirm that, What is the last date of filing the TDS return of Salary 24Q Q4 2020?
The last date of TDS Return of 24q for Jan 2020 to March 2020 is 30th June 2020
Please confirm whether the 24Q filing date extended to 30th June from 31st May. And also please confirm the due date to issue Form 16.
Yes, the last date to file form 24Q is extended to 30th June 2020 and the due date to issue form 16 is also 30th June 2020
filing ITR1 DUE DATE
Sir, whether the digital signature is required for TDS return filling in form 27Q and for TDS certificate 16A purpose please guide me
Digital Signature is required for TDS return filing 27Q
It is required for form 27Q filing.
Sir, what is the last date of tds return filling of form 27Q for quater 4
“The last date of TDS Return of 24q for Jan 2020 to March 2020 is 30th June 2020”
It is required for form 27Q filing. Thanks
Sir, How can we generate Form-16 on the same day of return filing i.e. 30/06/2020.
You can download form 16 after processing of return.
Hello, Please arrange to provide the following due dates :
1. Due date for March.2020 TDS deposit other than 192A/B (Salary) if it has extended from 30th April, 2020?
2. Due date for GSTR 1 & GSTR 3B for the month March.2020 (Monthly Filer).
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
What is the due date for filing Form 26QC i.e TDS on rent of the property? Is there is any extension in due date for March 2020, due to COVID-19? And if return filled after 30th April 2020, then what is the rate of interest charged, and the amount of late fees.
There is still no clarification from the department regarding the extension of the due date of Form 26QC. However, if the interest is charged it will 0.75% per month and for more clarification. please contact the department.
TDS payment in March 2020 what’s the exact date. Can we not get the extended date reason for covid19
Due date for payment of TDS for March month is 7th April 2020. There is no extension of due date of payment for TDS.
Due date for payment of TDS for March month was 30th April 2020.
Yes, the last date for TDS payment for the March was 30th April 2020 for non-govt deductor.
What is the last date of payment of self-assessment tax for 2019-20 without any penalty or interest?
There is no exact date for the payment of Self Assessment Tax. If you are filing your return of income before the due date and depositing the self-assessment tax before the due date of filing of return then there will be no Penalty charged, however, for interest advance tax must be deposited on time (if you are liable for advance tax)
We filled 27Q (Payment to NRI) return on 27 May 2019 for Quarter 4 of FY 18-19. There was a transaction where PAN was not available. 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. As of now also, we don’t have PAN of that party. How we can do that?
Sir, In this case, you can change only 3 things i.e. PAN Number, Payment amount and payment credit date. There is no option to change the TDS amount.
Sir March 2020 Tds Payment Date jo ki 7 April h Kya ye change hui h plz reply me
Sir, can we correct the TAN on TDS challan which is wrongly entered, if yes plz tell me the procedure of the correction.
For correction of TAN in TDS challan. please contact to bank
What is the last date to deposit the tax by a govt organization deducted from the salary of March 2020?
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
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
Sir, I am holding a TAN number for my business. I am into the dealership of construction equipment. If I sales machine then I pay the
TCS and file the return, But if I didn’t sale machine for a couple of months then do I need to file TCS return.
Sir, if you are registered then you can file declaration for non-filing of return for the particular quarter.
Sir, we want to deduct monthly tax on rent, so we have to file monthly return for TDS also. please describe the due date is 7th day of every month for monthly TDS for return file.
Tds on Rent deducted on a monthly basis can be deposited to the government by 7th of the following month.
TDS returns are due every quarter. The due dates for all the TDS returns i.e. Form 24Q, Form 26Q, Form 27Q and Form 27EQ are the same and as follows: Due dates for filing TDS returns:
QUARTER PERIOD —–LAST DATE OF FILING
1st Quarter – 1st April to 30th June – 31st July 2019
2nd Quarter – 1st July to 30th September – 31st October 2019
3rd Quarter – 1st October to 31st December – 31st January 2020
4th Quarter – 1st January to 31st March – 31st May 2020
We deducted TDS on salary 6 months before we get a TAN number. How could we deposit the TDS and return file for those months
You cannot deduct TDS without holding a valid TAN.
But as per IT Act, Company has to create TDS liability, now for suppose after becoming applicable company took about 2 months to get the TAN number within which due date for filing TDS return also expired…
Now can they pay TDS on the previous months liability with interest and can file the return with all the late fees?
Yes, you can file the tds return with late fee and pay tds liability with interest.
I am a tax deductor. I have received Form 15G from some deductees for the period 01.01.2019 to 31.03.2019 but I have not filed Form 15G with Income Tax Department. As the last date for the same was 30.04.2019, what can be done now?
Contact Traces department for assistance.
Dear Sir,
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. 40 lac sanction by bank so I was paid 37 lac -77,000( TDS 1% of 77 Lac) in this month. So please suggest me Income Tax Guideline Because.
1. I was Paid Only 3,700,000 and TDS Deduct on 100% But not pay till date.
2. Which Date Select on TDS Payment on Portal Agreement Date or Registry Date.
3. TDS Intreast Rate & Date of Late Payment
Kindly Suggest me
1. Tax is to be deducted on the date of credit of such amount or date of payment, whichever is earlier . So in case you have paid only 37 lacs then TDS is required to be deducted only on 37 lacs. Balance TDS will be deducted at the time of making payment of the remaining amount.
2. Agreement date is required to be mentioned in Form 26QB,
3. TDS is required to be deducted @1% and has to be deposited within 30 days from the completion of the month in which TDS was deducted.
Dear
I want to learn TDS And TCS but how to gain my knowledge. please guide me.
We were depositing TDS in the name of Vodafone services Limited From Jan’18 as we were using the services but after merger of Vodafone & Idea they changed their Name to Vodafone Idea cellular Limited from Aug’18 onward. Accordingly, they have changed their GST no and PAN no in Bill but bank acct was the same. 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. Now we found the mistake how to deal this matter as we submitted TDS & GST return up-to-date
You have to file the correction statement of TDS by modifying the pan of deductee. In GST, since this is a purchase transaction you must have not shown it in GSTR-1 unless it is under RCM.
For TDS You can revise the Return any time. Revise the return and change the PAN No.
We are not filed our TDS return FY18-19 on time for Q1,Q2 and Q3. What we can do now?
AS PER TDS RULE YOU HAVE TO SUBMIT AS SOON AS POSSIBLE WITH PENALTIES AND INTEREST.
THANKS
GAUTAM
I am the sole proprietor of a consultancy firm without any employee with an annual turnover of around 10 lakhs or so. I am paying GST regularly. Just to boost up the work, I employed one sr executive for 3 months, May, June, July 2018. 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. As I was not aware of the quarterly 24q return, I missed the same. The employee is asking for a TDS certificate. Please guide.
You first need to file form 24Q for the concerned quarter with a late fee and then you can request for Form 16.
TDS 2018-19 3rd quarter return filling version. Please tell me us.
fvu 6.0 (AY 19-20, 3rd qtr)
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.?
Sir, I am taxpayer and tax deducted in my Government office, last financial year I had paid 500/- tax, it is first time to pay and deduct tax, in this year I should pay Quarterly or Annually sir.
TDS is deducted on a monthly basis and self-assessment tax can be paid at any time before the end of financial year.
Dear
I want to learn TDS And TCS but how to gain my knowledge plz guide me
Go to youtube and watch several videos are there to learn anything.