Skip to main content

Due date for payment of TDS u/s 194M extended

Download our app and stay updated on latest news from GST/Income Tax and Financial Areas. Download
Subject: Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of payment of tax deducted at source under 194M of the Act -reg.
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.

Click here to download/view the original notification on Income Tax India website.

Comments

Popular posts from this blog

A quick study of GST E-Invoicing system

What is E-Invoicing?         Electronic Invoicing or E-Invoicing in short can be referred to as a system of electronic authentication of B2B(Business to Business) invoices by GSTN for further use on common GST portal.    Under the said system every invoice will be issued an identification number by IRP (Invoice Registration Portal) which will be managed by GSTN.    All invoice related information will be transferred from this portal to both GST portal and e-way bill portal in real-time thus eliminating the need of manual data entry as well as generation of part A of the e-way bills , as information will be directly passed by the IRP to GST portal. What are the benefits of E-invoicing system?    It will help in reducing the mismatch errors in data reconciliation thus saving a lot of time. E-invoicing will allow interoperability as invoices generated through one software can now be read through other software as wel...

Quick Reference flow chart for Sec 194Q of TDS effective from July 1st , 2021

Finance Minister Sitharaman launches 'eBkray' auction platform for assets attached by banks

Join our telegram group. Join Download our app and stay updated on latest news from GST/Income Tax and Financial Areas.   Download Finance Minister Nirmala Sitharaman today launched eBkray( https://ibapi.in/ ) , an e-auction platform to enable online auction of attached assets by banks. The platform provides navigational links to all PSB e-auction sites, property search feature and presents single-window access to information on all properties that are available for e-auction, comparison of similar properties, and also contains videos and photographs of uploaded properties. Screen shot of the website Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under the policy of the Department of Financial Services (DFS), Ministry of Finance, to provide details of mortgaged properties to be auctioned online by banks, starting with PSBs. Sitharaman, while launching the platform, said, "There ...