As per the press note issued by Department of Revenue, Ministry of Finance on 31/03/2020, the following has been mentioned related to TDS & TCS:
“It has provided that reduced rate of interest of 9% shall be charged for non-payment of Income-tax (e.g. advance tax, TDS, TCS) Equalization Levy, Securities Transaction Tax (STT), Commodities Transaction Tax (CTT) which are due for payment from 20.03.2020 to 29.06.2020 if they are paid by 30.06.2020. Further, no penalty/ prosecution shall be initiated for these non-payments.”
Based on the above, there is no change in the due dates of TDS & TCS payments. However, for non-payment, lower interest rate (@9% p.a. instead of @18%) will apply and further, no penalty / prosecution shall be initiated for these non-payments. This relaxation will apply only if all amounts falling due from 20.03.2020 to 29.06.2020 is paid by 30.06.2020.
The summary of the above relaxation as applicable for the months of Feb’20 to June’20 is as under:
| Month | Payment Due Date | Relaxation | |
| TDS | February 2020 | 07.03.2020 | Not Applicable |
| March 2020 | 30.04.2020 | Applicable | |
| April 2020 | 07.05.2020 | Applicable | |
| May 2020 | 07.06.2020 | Applicable | |
| June 2020 | 07.07.2020 | Not Applicable |
| Month | Payment Due Date | Relaxation | |
| TCS | February 2020 | 07.03.2020 | Not Applicable |
| March 2020 | 07.04.2020 | Applicable | |
| April 2020 | 07.05.2020 | Applicable | |
| May 2020 | 07.06.2020 | Applicable | |
| June 2020 | 07.07.2020 | Not Applicable |
Click Here for the original Press Note dated 31/03/2020
A BUILDING ADHIGRAHAN BY SHRI VISHWANATH MANDIR TRUST AND THESE PROPERTY REGISTERED BY U.P.GOVERNMENT IN FAVOUR U.P. GOVERNOR ON Rs. 100/- STAMP PAPER. SO, I ASKED THAT TAXABLE AMOUNT I.T. U/S 54E WILL BE TAXED OR EXEMPT FROM TAX WHICH PAID BY U.P.GOVT. TO THE ASSESSE.
April-2020 TDS any relexation if we depost tax after 7 of May-20
TCS March month due date is 30.04 or 07.04?.
TCS DEDUCTED FOR MONTH OF MARCH 20 BUT NOT DEPOSITED ON OR BEFORE APRIL 7 TH. CAN WE DEPOSIT TCS ALONG WITH TDS COLLECTED ON APRIL 30.4.20
What is the due date of payment of TDS on immovable property u/s 194IA for TDS deducted on payment made by purchaser of property to seller of property in the the month of March 2020.
30.4.20
Thanks a lot for clarity in details..Thanks !