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Important Due Dates For Taxation

Important due dates – Tds return, Tcs, Vat / Cst, Professional Tax, Service tax, various returns, PF, ESIC..


ITR Form Name
ITR Form Description
ITR 1 For Individuals having Income from Salary & Interest.
ITR 2 For Individuals & HUFs not having Income from Business or Profession
ITR 3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4 For Individuals & HUFs having income from a proprietory business or profession
ITR 4S (SUGAM) For Individuals/HUF having income from presumptive business
ITR 5 For firms, AOPs, BOIs and LLP
ITR 6 For Companies other than companies claiming exemption under section
Applicable Challan NATURE OF TAX PAYMENT
CHALLAN NO./ITNS 281 (Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporates)
CHALLAN NO./ITNS 280 ADVANCE TAX, SELF ASSESSMENT TAX, TAX ON DISTRIBUTED PROFITS, TAX ON REGULAR ASSESSMENT, SURTAX, TAX ON DISTRIBUTED INCOME
CHALLAN NO./ITNS 282
(payment of Security Transaction Tax, Hotel Receipts Tax, Estate Duty, Interest Tax, Wealth Tax, Expenditure Tax /Other direct taxes & Gift tax)
CHALLAN NO./ITNS 283 (payment of Banking Cash Transaction Tax and Fringe Benefits Tax)
DUE DATES INCOME TAX RETURN & Audit

ASSESSE DUE DATE
Audited 30th Sept
Non Audited 31th July
Revised Within 1 year from the end A.Y. or Completion of Assessment which ever is earlier (if return is filed on or before due date
INTEREST PENALTY U/S 234A,B,C
SECTIONS Applicable Period Rate
201(1A) Failure to deduct TDS From Date of payment to date of deduct 1% pm
201(1A) Failure to deposit tax in time Date of deduction to Date of deposit 1.5% pm
234A For Late Filling of IT return From due date to furnish IT return 1%pm. & part thereof on Net tax liability
234B Non/Less payment of Advance tax From 1st April of AY to Date of payment 1%pm. & part thereof on Net tax liability
234C Deferment of Advance tax From due date to due date of next installment (in last inst. Up to end of P.Y.)
1%pm. On installment payable
Installment Due dates of Advance tax
For Non Corporate For Corporate
DUE DATE SLAB DUE DATE SLAB
15th June 15%
15th Sept. 30% 15th Sept. 45%
15th Dec. 60% 15th Dec. 75%
15th March 100% 15th March 100%
LIMIT FOR SECTION 44AB TAX AUDIT
S.No. Financial year Limit(Business)in lakhas Professional (in lakhas)
1 2009-10 40 10
2 2010-11, 2011-12 60 15
3 2012-13 100 25
TDS PAYMENT DUE DATE
GOVT. Within 7 days from the end of month
NON GOVT. Within 7 days from the end of month
In case of March month upto 30th April
TDS RETURN DUE DATES
Salary payment With in 15 days from the end of quarter
Payment to Residence(Other than salary) Within 15 days from the end of each quarter
15th may in case of last quarter
Penalty for delay furnish TDS Return
Section 234E
from 1st July 2012 Fees of Rs. 200 per day will be levied on the Deductor(not supposed to exceed the TDS deductibles)
1. Failure to submit e-TDS Statement on time
2. If you delay or forget to file your e-TDS Statement
Section 271H Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees
1. If Deductor exceeds one year time limit to File TDS Statement.
2. If Deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

FORM FOR TDS/TCS RETURN FILING

FORM
FOR WHICH ISSUED
Form 24Q Quarterly statement of deduction of tax in respect of Salary
Form 26Q Quarterly statement of deduction of tax in respect of payments other than Salary
Form 27Q Quarterly statement of deduction of tax in respect of payments other than Salary made to non-residents
Form 27EQ Quarterly statement of Tax Collection at Source (TCS)
Form 27A Form for furnishing information with the statement of deduction / collection of tax at source filed on computer media for a given period
Form 27C Issued as per Rule 37C, this form is the declaration to be made by a buyer for obtaining goods without collection of tax

FORM FOR TDS CERTIFICATE

SECTION
FORM FOR WHICH ISSUED
203 Form-16 Certificate for tax deducted at source from income chargeable under the head “Salaries”.
203 Form-16A Certificate for tax deducted at source in respect of income other than Salary.
VAT/CST RETURNS & VAT AUDIT
Particulars Time For file
Quarterly & Monthly Return 21th of the next month
Six Monthly Return 30th of the next month
Revised Return Within 8 month of the following financial year
Vat Audit Report U/s 61 30th November
Revised Return after Vat Audit u/s 61 Within 30 days
concession of additional 10 days are given for uploading e-return.However, this concession is available subject to the payment of the tax as per return is made on or before prescribed due date
Interest u/s 30(2) 1.25%pm form the due date of payment to date of payment (calculation day wise)
PROFESSIONAL TAX PAYMENT & RETURNS DUE DATE

Tax Liability Periodicity Months of salary to be covered Due Date
<50 data-blogger-escaped-in=”” data-blogger-escaped-p.y.=”” data-blogger-escaped-td=””> Annual March of the P.Y. and April to February of the current year 31st March
≥ 50,000/- in P.Y. Monthly Salary of previous month End of the month for which return is filed
In case of first year of registration Monthly Salary of previous month End of the month for which return is filed
NOTE: PT return required in case of PTRC registration
Profession Tax Penalties – Delays in obtaining Enrollment , a penalty of Rs. 2/per day and for Registration, a penalty of Rs. 5/- per day.
– Providing false information regarding enrollment – Penalty of 3 times of tax amount.
– Non-payment or late payment of profession tax – Penalty is equal to 10% of the amount of tax to be imposed.
– Late filing of Returns – Penalty of Rs. 300 per return.
Payment due date Up to 30th june with in financial year
SERVICE TAX PAYMENT DUE DATE
Particulars Frequency Due Date
Paid physically Online
Individual/Partnership & Proprietary firm Quarterly 5th of the following quarter 6th of the following quarter
Others Monthly 5th of the following Month 6th of the following quarter
However, in case of end quarter/March, the payment should be made by 31st March
Interest on late payment of ST is 18%pa from the due date to date of payment. benefit of 3% is provided where turnover of any Assessee is upto Rs.60 Lakhs, i.e. 15% pa
SERVICE TAX RETURN DUE DATE
For the Half Year To be Filed by
1st April to 30th September 25th October
1st October to March 25th April
Due Date for Return filing for Input Service Distributor (ISD)
1st April to 30th September 30th October
1st October to March 30th April
Penalty for delay file ST return: Upto 15 days from Due Date – 500
Upto 30 days from Due Date – 1000
After 30 days (1000+100 per day) – Maximum penalty Rs. 20000/-
We can revise ST return with in 90 days from date of filling the return

FORMS UNDER SERVICE TAX
FORM LIABILITY TIME PERIOD WHEN & BY WHOM
ST-1 Service tax Registration Within 30 days from the date of
starting of business or reaching Rs.9 Lacs taxable T/O or commandments of new levy
At the time of starting business
ST-2 ST Registration certificate With in 7 days from the date of application To be given by Service tax dept.
ST-3 ST Return With in 25 days after complete half year Half yearly
ST-4 Appeal to commissioner of central Excise (Appleals) With in 3 from the date of receipt order Assessee
ST-5 Appleals to CESTAT With in 3 from the date of receipt order Assessee
ST-6 Cross Objections With in 45days from the date of order Assessee/Department
ST-7 Appleals to CESTAT With in 3 fro the date of receipt order Board
GAR-7 CHALLAN Payment service Tax With in 5/6 days from the end of month & quarter Assessee
Payment Due Date for PT, ESIC, PFProfessional Tax 15 of succeeding month + 5 days grace ESIC 16 of succeeding month + 5 days grace Provident Fund 15 of succeeding month + 5 days grace Service tax payable on the basis of Point of taxationRule Of Point of taxation: Which ever is earlier i) Date of invoice if invoice issue within 14 days from the completion of service OR Otherwise Date of completion of service ii) Date of payment receipt Point of Taxation Rules, shall not apply to

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Industrial Accounting & Taxation Training 

AIAT Institute 
15, Bhande Plot, Umred Road, Nagpur
Call- 9373104022      www.aiatindia.com



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