Labour Welfare Fund for 2019 (Jan’19 to Dec’2019)*

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TDS & TCS Rate Chart applicable from 14th May 2020

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In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021:-

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TDS Rate Chart applicable from 14th May 2020

S. No	Section of the Income-tax Act	Nature of Payment	Existing Rate of TDS	Reduced rate from 14/05/2020 to 31/03/2021
1	193	Interest on Securities	10%	7.50%
2	194	Dividend	10%	7.50%
3	194A	Interest other than interest on securities	10%	7.50%
4	194C	Payment of Contractors and sub-contractors	1% (individual/HUF)	0.75% (individual/HUF)
			ITR & Tax Audit Due date for FY 2019-20 extended May 13, 2020 skgupta ITR & Tax Audit Due date for FY 2019-20 extended The due date of Income tax return (ITR) for FY 2019-20 has be extended from 31st July, 2020 and 31st October, 2020 to 30th November, 2020. ? Similarly Tax audit due dates have been extended from 30th September, 2020 to 31st October, 2020. This was announced by the FM today.     CA Faridabad, CA Firm, BPO, Accounting Outsourcing, Taxation, GST Returns A company set up with global perspective in mind. Started by entrepreneurs with a vision to excel beyond horizons of the virtual information technology world, MLG is a young and ambitious team. READ MORE Quicks Links Home About Us Careers at MLG News Contact Us SiteMap OUR SERVICES Audit and Assurance Book Keeping Business Advisory & Internal Audit Company Secretarial Services India Specific Services GET IN TOUCH TB-11, Crown Plaza Mall, Sector 15A Mathura Road, Faridabad, Haryana 121007 Ph: +91-9312608426 OR 9311278884 +91-9312608426 OR 9311278884 info@mlgassociates.org © MLG Associates . All Rights Reserved. WordPress Image Lightbox