Can We File TDS Return Before Due Date?

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 if last date of payment of TDS is Sunday?

For eg – TDS deducted on 15th June 2016 is required to paid on or before 30th July 2016. A common question asked is what is the last date of payment when above mentioned due date falls on a Sunday or public holiday….TDS Payment Due Date.MonthDue DateMarch30th April12 more rows

How is TDS penalty calculated?

Due Date of TDS Return :Delay in filing TDS Return (In Days) :Late fee for fiing TDS Return u/s 234E amounting to Rs 200 per day (maximum to TDS amount) :Penalty u/s 271H is applicable which is Rs 10,000 (may be exteded to Rs 1,00,000) :

How do I know my TDS return has been filed?

Step 1: Visit the income tax e-filing portal at the URL Step 2: Log in to the e-filing portal with your log in credentials. Step 3: Select the ‘View Filed TDS’ option under the ‘TDS’ tab.

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

Finance Minister Nirmala Sitharaman expressed during a press briefing, “Income tax deadline for all income-tax returns for FY 2019-20 will be provided with an income tax due date extension from 31stJuly 2020, and 31stOctober 2020, to 30thNovember 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 payment of TDS for the month of March 2020?

The due date for payment of TDS for the month of March-2020 is 30th April, 2020.

What if TDS return is not filed?

As per section 234E, where a person fails to file the TDS/TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS.

How TDS return is filed?

TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number (TAN). Any person making specified payments mentioned under the I-T Act are required to deduct tax at source and needs to deposit within the stipulated time for the following payments : Payment of Salary.

Can TDS return be revised?

Once you have filed your TDS returns with NSDL, you might realise that there is an error in the returns. … Whatever might be the case, the TDS return will have to be revised. To revise your TDS returns, you will need to have the consolidated file and justification report.

Can we file TDS return before end of quarter?

Procedure to Deduct TDS As mentioned above, TDS deducted by the buyer should be deposited by challan for the TDS payment on or before the 7th of next month in which the TDS is deducted. … TDS returns are filed quarterly within 15 days (next month of quarter end).

What is the last date for filing TDS return?

TDS payment due date every quarterMonth of DeductionQuarter endingDue Date for filing of Return from the financial year 2020-21 for All DeductorsDecember31st December31st JanJanuary31st March31st May (31st July for Q4 of FY 2019-20 ending March 2020)FebruaryMarch9 more rows•7 days ago

What is the due date for TDS payment for April 2020?

8,400. In this case the due date to file TDS return for the second quarter of 2019 – 2020(July – September 2019) is October 31, 2019. Since Mr. Verma filed TDS return on April 4, 2020, there was a delay of 156 days….TDS Example (Where Penalty is More than TDS)ParticularsDaysMarch 202031April 20204Total1564 more rows•Apr 14, 2020