TDS/TCS Return E-Filing Due Dates For AY 2021-22 (FY 2020-21)

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TDS/TCS Return E-Filing Due Dates For AY 2021-22 (FY 2020-21)

filings for return of TDS/TCS

Get to know the TDS return due dates and TCS return due dates with last dates for filing for AY 2021-22 (FY 2020-21). E-filings return of TDS/TCS  are filed on a quarterly basis and the quarterly statements are accepted in regard to provisions of the Income Tax Department. The income Tax department of India modified file formats in relation to TDS and TCS statements. Deductors/collectors need to ready e-TDS/TCS statements according to the file formats with the help of NSDL e-Gov and return the prepared one statement through third-party software, and in-house software, for rendering to any TIN-FCs.

SAG Infotech Developed Gen TDS/TCS is one such software which can be used for easy and comprehensive filing of TDS/TCS returns.

TDS/TCS statements are required to be filed on a quarterly basis. Although, according to income tax department, approval of TDS/TCS statements before the FY 2007-08 is not allowed at the TIN. TDS return filing due date must be accompanied with its rate of tax and other statuory complaince by the taxpayers. Users are needed to pass the E-TDS/ TCS return file produced utilizing RPU via the File Validation Utility (FVU) to make sure the format of the file is correct.

Due Dates for E-Filing TDS Returns of FY 2020-21

Quarter Quarter Period Last Date of Filing
1st Quarter1st April to 30th June31st March 2021
2nd Quarter1st July to 30th September31st March 2021
3rd Quarter1st October to 31st December31st Jan 2021
4th Quarter1st January to 31st March 30th June 2021 (Extended)Read more

Note:

  • “The government of India has revised the FY 2021 4th quarter TDS return filing date from 31st May 2021 to 30th June 2021.” Read more
  • The IT department has extended the date to issue form 16 tds certificates for its employees till 30th November concerned for FY 2019 – 20
  • The last date to deposit TDS Deducted under section 194IA for the month of march is on or before 30th April of 2020.
  • TDS/TCS Updates on Covid19 by Finance Ministry

    • “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”
    • “Among other measures, Due date of all income-tax return for FY 2019-20 will be extended from 31st July 2020 & 31st October 2020 to 30th November 2020 and Tax audit from 30th September 2020 to 31st October 2020”
    • “The Period of Vivad se Vishwas Scheme for making payment without an additional amount will be extended to 31st December 2020”
    • Advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT delayed payments done between 20th March 2020 and 30th June 2020, less interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be applicable. No late fee/penalty applicable.
    • The department extended validity of lower or nil TCS, TDS certificate till 30th June 2020 due to coronavirus pandemic.

    Genius Software

    Last Date to Filing TCS Returns for FY 2020-21

    QuarterQuarter Period Last Date of Filing
    1st Quarter1st April to 30th June31st March 2021
    2nd Quarter1st July to 30th September31st March 2021
    3nd Quarter1st October to 31st December15th Jan 2021
    4th Quarter1st January to 31st March15th May 2021

    Note : Generate TDS/TCS certificate within 15 days of uploading your return after you have uploaded the quarterly TDS return

    Due Date for TDS & TCS Payment Deposit for Both Govt & Non-government Firms

    • The due date to submit TCS deposit is 7th of the succeeding month.
    • TDS Deposit Due Date as under:

    For non-government entities- 7trh of the succeeding month (except March where the due date is set to be April 30th)

    For Government Entities

    • If paid via Challan- 7th of next month
    • If paid via book-entry- the same day on which TDS is deducted

    Late Filing Fees :

    As per the Section 234E, the taxpayer must have to pay a late fee of INR 200 per day, until if file the return. You also have to pay this fine every day of delay until the fine amount gets equal to the actual TDS amount required to be paid.

    For instance:

    If the payable TDS amount from your side is INR 5000 on 1st March, but you pay the amount on 30th June, then the total calculation sums up to INR 200 X 122 days = INR 24,400. However, since this amount is higher than the actual TDS amount, i.e., INR 5000, you are only required to pay INR 5000 as the late filing fees. Apart from this, the interest will also be applicable alongside the penalty.

    The interest rate details are given in the next section.

    Interest:

    Section Nature of Default Interest Subject to
    TDS/TCS amount
    Interest period
    201 A Non-deduction of tax at source (whole or part) 1%
    per
    month
    Starts from the date on which the tax was deductible to the actual date of deduction
    After deduction of tax, non-payment/late payment of tax (whole or part) 1.5 per month Starts from the deduction date to the actual date of payment

    Note: The interest should be paid by the taxpayers before filing of TDS return.

    For late payment of TDS after deduction under Section 201(1A), you have to pay interest at the rate of 1.5% per month starting from the date when it was deducted to the actual date of deposit. One must also note that the interest is calculated on a monthly basis rather than the number of days. Part of a month will also be considered as a whole month.

    For example

    Imagining that your payable TDS amount is INR 3000 and it has been deducted on January 15th. Now, you have missed the actual date of TDS deposit and paid this amount late on May 29th. So, the interest that you now have to pay sums up to INR 3000 X 1.5% per month X 5= INR 225.

    “Month” is a vague term and has not been properly defined under the Income Tax Act, 1961. However, in many High Court Cases, the court has ordered that it should be considered as a period of thirty days, unlike the English calendar month.

    The important thing to note here is that

    The interest calculation for payable TDS amount starts from the date when TDS was deducted rather than the date on which it was due.

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    For instance

    Suppose, the due date of TDS submission or payment is set to be April 15th for the TDS deducted on March 30th. So, in such a scenario, the interest rate calculation will start from March 30th, instead of April 15th for late payment of TDS.

    You might also consider a scenario, where you miss the due date of TDS payment by just one day. Suppose, the due date of TDS payment is May 10th for a TDS deducted on April 15th. Now imagine, you somehow miss this date and made the TDS payment on the very next day, i.e., May 11th. Even in such a scenario, the interest calculation will start from April 15th, and you would be required to pay interest for two months, i.e., 1.5% per month X 2= 3%.

    Therefore, you must never miss the last date of TDS payment to avoid heavy interest and penalty.

    Penalty

    You might have to pay the penalty equal to the deducted/collected amount as per the rules of the Income Tax Act.

    Prosecution (Sec 276B)

    As per the prosecution (Sec 276B), if any person fails to pay the credit to the Central Government, then the TDS deducted by him as per the provisions of Chapter XVII-B, he/she will be entitled to receive rigorous punishment of minimum three months, which can be extended up to seven years. The punishment depends upon the circumstances or the investigation made by the designated tax authority/assessment officer.

    Penalty For Late Filing of TDS Return

    LATE FILING FEES TDS/TCS

    Penalty (Sec 234E)

    The TDS deductee will be entitled to pay a penalty of INR 200/- per day till the day the full TDS amount is being paid. However, the penalty shall not exceed the actual TDS amount.

    Penalty (Sec 271H)

    As per this rule, the Assessing officer may direct a person who has failed to file the TDS payment on time with a minimum of INR 10,000, which can be even be extended to INR 1,00,000.

    If the following Conditions are met, then no penalty will be levied (under section 271H) against late payment of TDS/TCS returns:

    • The tax deducted at source is required to be furnished to the credit of the government.
    • No penalty will be levied if the interest and late filing fees are paid to the credit of the government.
    • Before expiring of the one-year period, the TDS/TCS return has been filed from the due date.

    Due Date of 15G/15H Form

    15G/15H is a quarterly declaration form which is to be filed according to the due dates mentioned below. The due date for filing of 15G/15H declaration received by a taxpayer 1/04/2019 to 30/06/2019 as well as those received after that has been specified in the notification released by the government. The same has been updated here.

    S.No.ScenariosOriginal Due Date
    1.For 15G/H Received from 1/04/2019 to 30/06/201915th July 2020
    2.For 15G/H Received from 01/07/2019 to 30/09/201915th Oct. 2020
    3.For 15G/H Received from 01/10/2019 to 15th Jan. 202115/01/2020
    4.For 15G/H Received from 01/01/2020 to 31/03/202030th April 2021

    TDS on Purchase of Immovable Property

    For the purchase of immovable property on which TDS is applicable, the return along with payment of TDS must be made on the before the 30th of the next month. For instance, TDS for a property which was purchased in May must be deposited by 30th of June.

    26 Replies to “TDS/TCS Return E-Filing Due Dates For AY 2021-22 (FY 2020-21)”

    1. YELLA REDDY
      February 2, 2021

      What is the time limit for filing TDS/TCS return for the Quarter 3 A.Y. 2021-22?

      • CA Portal
        February 3, 2021

        The last date to file Return of TCS for quarter 3 for AY 2021-22 is 15th January 2021.
        The last date to file Return of TDS for quarter 3 for AY 2021-22 is 31st January 2021.

    2. AMIT SHARMA
      October 16, 2020

      Respected Sir,
      Please let me know the TDS Return filing last date of F.Y. 2019-20 Q4

      • CA Portal
        October 19, 2020

        Due Dates for 4th Quarter E-Filing TDS Returns of Fy 2019-20 the last date is 31st May 2021.

    3. sir due to TAN inactive state prolem i filed tds returns of fy 2019-2020 and ay of 2020-21 of 4th quarter(tds 10000 deducted in jan 2020 salarybill) at2020sep 5. now what will be the penalty

      • CA Portal
        October 9, 2020

        Penalty will be Rs 200 per day from 1st july 2020 onwards upto maximum Rs 10,000

    4. VIJAY DWIVEDI
      August 22, 2020

      Sir, I am a self employed. All TDS amounts of fy 19-20 are reflecting in my 26 AS except one TDS payment. Tax was deducted in the month of March 2020. How much time will it take to reflect in my 26AS.

    5. rahul kumar
      August 20, 2020

      sir i work from september 2019 to continue. but company pay only september to november 2019 TDS . sir what is the last date to pay tds by company.Then after i wand return file to get tds amount return. pls reply.

    6. ABHIJEET KASHYAP
      July 29, 2020

      What is the time limit for filing TDS/TCS return for the Quarter 1 A.Y. 2021-22?

    7. Nitika G Chauhan
      July 14, 2020

      What is the time limit for filing TDS/TCS return for the Quarter 1 A.Y. 2021-22?

      • CA Portal
        July 16, 2020

        31st July 2020 is last date for 1st Quarter TDS/TCS Return for AY 2021-22

    8. NARENDRAN
      July 14, 2020

      SIR 2020-2021 Q1 FILLING LAST DATE?

    9. RANJAN DEY
      July 11, 2020

      Dear Sir,
      TDS return Q1 F. Y 2020-21 has been latest date is 31st july 2020. ?

      Regards,
      Ranjan Dey

      • CA Portal
        July 16, 2020

        Yes, 31st July 2020 is last date for 1st quarter of FY 2020-21

    10. Sir
      TDS Return Of F Y -19-20 Extendeed 31.july20 Is it also last date for 15G/15H ?

    11. sandeep kumar
      June 26, 2020

      Dear Sir,
      TDS return 4Q F. Y 2019-20 has been changed now latest date is 31st july 2020. is it true ?

      Regards,
      Sandeep Kumar

    12. PANKAJ KUMAR
      April 20, 2019

      Sir
      I have filed e-filing of 15G/H statements for Q4-FY- 2018-19 on incometaxindiaefiling.com.
      transaction number has been generated.
      DO I NEED TO SEND THE STATEMENTS OF 15G/H TO NSDL OR ANYONE IN HARDCOPY OR SOFT COPY?

      • CA Portal
        April 22, 2019

        As you have filed a statement on income tax website online then you not need to send any acknowledgment to NSDL.

    13. ANUP JOSHI
      March 3, 2018

      IF GOVERNMENT DEPT IS PAID DEC 2017 SALARY IN 29TH JANUARY 2018 AND THE SAME DATE TDS IS DEPOSITED WHAT IS THE DATE FOR FILLING TDS RETURN.

      • CA Portal
        March 5, 2018

        As amount has been paid in the month of January and also the TDS has been deducted at the time of payment so TDS return for the qtr. ending on 31/03/2018 to be filed on or before 15/05/2018.

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