Due Date for Filing TDS Returns F.Y. 2020-21
TDS Return Filing
Under Income Tax Act, certain taxpayers are required to deduct TDS and file TDS returns on quarterly basis. In General, Companies, Partnership Firms, LLP and those taxpayers whose accounts are audited are necessarily required to comply with TDS provisions. TDS return should provide details such as TAN (Tax Deduction and Collection Account Number), transaction amount, name & address of deductee, amount of TDS deducted, rate of TDS, nature of payment etc. If TDS returns are not filed timely, the defaulting taxpayer is subjected to heavy late fees for delay period. So, it is important for every taxapayer to keep note of due dates in mind to avoid late fees.
In view of Covid-19 pandemic, the Government of India has made certain relaxations in the due dates of filing TDS returns. In this article, we will discuss the due dates of filing TDS returns for the F.Y. 2020-21 keeping in view relaxations made by the Government.
TDS Return filing due date
For the Financial Year 2020-21, the due dates for filing TDS Returns are as below:
| Quarter | Quarter Ending on | Due Date of Filing TDS Return |
| April- June | 30th June, 2020 | 31st March, 2021 |
| July- Sep. | 30th September, 2020 | 31st March, 2021 |
| Oct- Dec. | 31st December, 2020 | 31st January, 2021 |
| Jan- Mar. | 31st March, 2021 | 31st May, 2021 |
TCS Return filing due date
For the Financial Year 2020-21, the due dates for filing TCS Returns are as below:
| Quarter | Quarter Ending on | Due Date of Filing TDS Return |
| April- June | 30th June, 2020 | 31st March, 2021 |
| July- Sep. | 30th September, 2020 | 31st March, 2021 |
| Oct- Dec. | 31st December, 2020 | 15th January, 2021 |
| Jan- Mar. | 31st March, 2021 | 15th May, 2021 |
In case of delays beyond the above due dates, the assessee may be subjected to late fees as below:-
TDS Late Filing Fees
Failure to file TDS return within the due dates as prescribed above shall lead to a late filing fees of Rs. 200 per day. The fees will be charged for each day of delay beyond the due date till the default continues. But, maximum amount of late fees shall be restricted to the amount of TDS in the TDS Return.
For Example:-
In case TDS payable in the TDS Return of 3rd Quarter (Oct- Dec. 2020) is Rs. 5,000 and the TDS Return is filed on 29th January, 2021. In this case, total days of delay is 14 days so late fees payable is Rs. 2800 (200 x 14 days).
Suppose TDS Return is filed on 20th February, 2021. In this case, the total delay period is 36 days. Late Fees in this case shall be 36x200 = Rs. 7200 but restricted to amount of TDS Rs. 5000 as maximum late fees cannot be more than the TDS amount.
