Direct Taxes

Important Due Dates under Direct Taxes

Sr. No.	Nature	Details		May	June	July	Sept.	Oct.	Nov.	Dec.	Jan.	Mar.
A	TDS STATEMENTS	FORM NO.
1.	Salaries	Quarterly	24Q
2.	Other than salaries	Quarterly	26Q
3.	Payments other than salary to Non- Residents/NORs [also see Note (1) below]	Quarterly	27Q
	Quarter ending (For 1, 2 & 3)
	June					31
	September							31
	December										31
	March			31
B	RETURN FOR NON-DEDUCTION OF TAX	FORM NO.
	Interest other than interest on Securities not exceeding ₹ 10,000/- by every branch of a banking company without deducting tax	26QAA Quarterly			30	31		31			31
C	RETURNS OF TAX COLLECTION AT SOURCE (See Note 6)	FORM NO.
	Quarterly returns	27EQ		15		15		15			15
D	RETURNS OF INCOME	FORM NO.
		ROI (Refer Note 9)
1	i) Companies other than those claiming exemption under Section 11 or required to file a report in Section 92E	6						31
	ii) Company required to furnish report under Section 92E	6							30
2	Non-corporate assesses
	a) Having Business Income
	i) Required to get their accounts audited under Income Tax law or any other law	4 or 5						31
	ii) Partner of a firm whose accounts are required to be audited under the Act or any other law	3						31
	iii) Any other assesses	3, 4 or 5 – Sugam				31
	b) Having no Business Income	1 Sahaj or 2				31
	c) Charitable Trusts or societies or companies under Section 25 if the Companies Act, 2003 claiming exemption under Section 11	7					30
E	ADVANCE TAX PAYMENTS FOR INCOME TAX	AGGREGATE TAX PAYABLE UP TO DUE DATE
		All assessees
	1. First Instalment	15%			15
	2. Second Instalment	45%					15
	3. Third Instalment	75%								15
	4. Final Instalment	100%										15
F	ANNUAL INFORMATION RETURN (AIR) — 31ST AUGUST			31

NOTES :

For date of filing TDS statement, refer TDS chart.
Recipient of Form Nos. 15G & 15H must file a copy with C.I.T. by the 7th day of the month following the month in which it is received.
TDS must be deposited in bank by the 7th day of the month following the month in which tax was deducted. If the amount is credited/paid to the Payee’s A/c for the month of March, then TDS must be deposited by 30 April. (For section 80-IA 7th day from the end of the month)
TDS is required to be deducted either at the time of making payment or credit whichever is earlier except for salaries where TDS is deducted on payment basis. For rates and compliance. Refer TDS Chart.
The aforesaid TDS Returns and the Returns for tax collected at source have to be filed on the computer media; i.e., prescribed CD-ROM, DAT cartridge or USB drive by filing Forms 27A/Form 27B along with the certificate by the assessees regarding clean and virus free data.
If on the due date of installment payable the bank is closed due to holiday, payment can be made on next working day. Under such circumstances, interest under Sections 234B and 234C is not chargeable. (Circular No. 676 dated 14 Jan 1994).
Interest payable for failure to deduct/collect or pay the tax, shall be paid before submission of quarterly return.
For Returns of Income please see Rule 12.
Even though the due date for filing return of income for assessees required to get their books of account audited under section 44AB is extended to 31st October, the due date for filing the tax audit report remains 30th September. The due date for filing the return of income is changed with the intention of facilitating pre filling of the relevant data from the tax audit report into the ITR form.