CBDT Extends Due Date for 194M TDS payment and Furnishing of Form 26QD/ 16D for Sept./ Oct. 2019

CBDT Extends Due Date for 194M TDS payment and Furnishing of Form 26QD/ 16D for Sept./ Oct. 2019

CBDT extends due date for TDS payment u/s 194M and furnishing Form 26QD from 31 Oct./ 30 Nov. 2019 (for Sept./ Oct. 2019) to 31 Dec. 2019, i.e. interest on delayed TDS payment is waived due to delayed deployment of relevant utility. Further, due date of furnishing TDS certificate (Form 16D) also extended upto 15 Jan. 2020.

CBDT Circular 31/2019 Income Tax dt. 19 Dec. 2019

Considering the fact that the utility for payment of tax deducted at source under section 194M of the Income-tax Act, 196I(the Act) was deployed on 17.12.2019, the Central Board of Direct Taxes, in exercise of the powers conferred under 119 of the Act, hereby extends the due date for payment of tax deducted at source under section 194M during the month of September, 2019 and October, 2019 and the due date for furnishing the challan-cum-statement in Form 26QD for the same, from 31.10.2019 and 30.11.2019 respectively to 31.12.2019. Consequently, the due date of furnishing of the certificate of deduction of tax in Form 16D has also been extended for the tax deducted during the month of September, 2019 and October, 2019 to 15.01.2020.

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