Due Dates
As of now due dates are very important in legal term, due
dates are the dates on which some payment/receivable falls due and in taxation
world these are very important because if we missed we can need to pay interest
and in some cases and some time penalty as well.
Income Tax Due Dates
Filing of Returns
1. Income Tax
Date Description
July 31, 2013 Filing of Income-tax
Return by all assessee’s
other
than who are required to get accounts audited.
September 30, 2013 Filing of Income-tax Return by the assesses
who
are required to get the accounts audited other than
companies
who are required to furnish transfer pricing
audit
report.
November
30, 2013 Filing of Income-tax
Return by the Companies
who
are required to furnish transfer pricing audit report u/s.
92E.
March 31, 2014 Last opportunity
for Filing of belated return for the
PY
2012-13 otherwise it would become time barred.
2. TDS/TCS
Date Description
July 15, 2013 TDS/TCS Return for
the quarter 1.4.2013 to 30.6.2013
Oct. 15, 2013 TDS/TCS Return for
the quarter 1.7.2013 to 30.9.2013
Jan. 15, 2014 TDS/TCS Return for the quarter 1.10.2013 to 31.12.2013
May 15, 2014 TDS/TCS Return for the quarter ended on 31.03.2011.
May 31, 2014 Submission of return of tax
deducted at source in respect
of contribution paid by the trustees of
superannuation fund
for
the Financial year 2013-14
Return of TDS/TCS by Banking Company
Date Description
July 31, 2013 Return of non deduction of tax at source from
interest on time
deposit between 1-4-2013 and 30.6.2013 in Form No. 26QAA
by a banking company
October 31, 2013 Return of non deduction of tax at
source from interest on time
deposit between 1-7-2013 and
30-9-2013 in Form No. 26QAA
by a banking company
January 31, 2014 Return of non deduction of tax at
source from interest on time
deposit between 1.10.2013 and
31.12.2013 in Form No. 26QAA
by a banking company
June 30, 2014 Return of non
deduction of tax at source by a banking company
from interest on time deposit between 1-1-2014 and 31-3-2014
in Form No. 26QAA
Advance Tax
Date Description
June 15, 2013 First installments of Advance Tax in respect of
companies
(up
to 15%) for PY 2013-14
September 15, 2013
Second installments of Advance Tax in respect of
Companies
(up to 45%) for PY 2013-14
First
installments of Advance Tax in respect of assessee's
other than
companies (up to 30%) for PY 2013-14
December 15, 2013
Third installments of Advance Tax in
respect of companies
(up to 75%) for PY 2013-14
Second installment of Advance Tax in
respect of
assessee other than
companies (up to 60%) for PY 2013-14
March 15, 2014
Final installments of Advance Tax in respect of all
assessees
for balance payment for PY 2013-14
March 31, 2014 Last date for payment of balance advance tax so as
to
avoid interest
u/s 234B, if the total payment is less than
90%
paid up to 15th March, in case of all assessees
TDS/TCS
7th of following month will be due date for
the payment of TDS/TCS of the preceding month but there are an exception for
the month of March, In month of March TDS/TCS should be paid on 31st
March of that year. Hence for the P.Y.2013-14 TDS/TCS for the month of March
will be deposited on 31st March 2014 being the last day of financial
year.
Issuance of TDS/TCS Certificate
Date Description
July 30, 2013
Issue of TDS / TCS Certificates in respect
of Tax
deducted at Source (other than salary) or tax
collected
between 1-4-2013 and 30-6-2013.
October 30, 2013 Issue of TDS /TCS Certificates in respect of
Tax
deducted at Source (other than salary) or tax collected
between 01-06-2013 and 30-9-2013.
January 30, 2014 Issue of TDS / TCS
Certificates in respect of Tax
deducted at Source (other than salary) or tax collected
between 01-10-2013 and 1-12-2013.
May 30, 2014 Issue of TDS / TCS
Certificates in respect of Tax Deducted
at Source (other than salary) or tax collected between 1-1-2014
and 31-03-2014
May 31, 2014 Issue of certificate in respect of TDS on
salary during FY
2013-14 in Form 16
Service Tax/ Excise Due Dates
Date Description
5th of Next month Payment
of Service Tax other than by way of E-payment of
preceding month
6th of Next Month E-payment of Excise/Service Tax of preceding
month
10th of Next Month Filing
of Excise return of preceding month
25th October /25th April Half
yearly return of Service Tax
15th July/October/January/April Quarterly Returns of Excise
In the month of March provisional payments of taxes are made
on 31st march.
Custom Due Dates
There are no dates are fixed to pay the customs duty instead
of that they fixed the time line in no of days from the happening of event. But
in case of Import of goods customs
duty to be paid within 5 days from the date of Bill of Entry.
PF/ESI Due Dates
Date Description
15th of next month
Deposit of EPF contribution & collections for the previous
month
21th of next month
Deposit of ESI contribution & collections for the previous
month
25th of month Filing of EPF return for
the previous month
Vat/ Sales Tax Due Dates
Vat/Sales tax due dates are varying state to state, as in
some states VAT Payments & returns
filing begins on 15th of the succeeding month ended on 20th/21st
of that month.
Like in Maharashtra Vat Due date for payment of taxes and return filing
are 21st of succeeding month.
Where as in Karnataka VAT Due date for tax payment and
return filing are split-ted in two dates for 15th and 20th of succeeding
month dependence on the type of VAT payment
So every state has its own defined parameters for payment
and filing of return of VAT.
Disclamer: The
due dates provided above is updated on the basis of financial year 2012-13 and
if any changes found due to any circular or guidelines or due to notification
will need to consider before paying taxes or filing returns.
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