Due dates to remember as per Income Tax Act of India
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There are a lot of compliances to be made as per the Indian Income Tax laws. Missing out on any of these can attract interest, fine, late fee and penalty. In this article, some important due dates for such compliance are mentioned for us to remember.
Indian Income Tax laws requires a person to follow certain deadlines for various tax compliances like paying advance tax, filing e-TDS returns, income tax returns, etc. All these need to be done within a specified time prescribed in the Income Tax Act and Rules, failing which one is liable to pay fine, late fee, interest, penalty etc.
Below is a list of some of the important compliances that a person should remember to avoid the adverse consequences of interest and penalty-
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ADVANCE TAX |
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Q1 - 01 April 2018 to 30 June 2018 |
15 June 2018 |
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Q2 - 01 July 2018 to 30 September 2018 |
15 September 2018 |
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Q3 - 01 October 2018 to 31 December 2018 |
15 December 2018 |
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Q4 - 01 January 2019 to 31 March 2019 |
15 March 2019 |
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e-TDS RETURNS |
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Q1 - 01 April 2018 to 30 June 2018 |
31 July 2018 |
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Q2 - 01 July 2018 to 30 September 2018 |
31 October 2018 |
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Q3 - 01 October 2018 to 31 December 2018 |
31 January 2019 |
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Q4 - 01 January 2019 to 31 March 2019 |
31 May 2019 |
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DUE DATE FOR DEPOSITING TDS |
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Non -government deductors |
7th of the next month in which TDS is deducted, except March for which due date is April 30, 2019. |
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Government deductors |
If paid through challan - 7th of next month |
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If paid through book entry - same day on which TDS is deducted |
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On Purchase of Immovable Property |
30th day of the following month in which property is purchased. |
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INCOME TAX RETURNS |
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All persons except- |
31 July 2018 |
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All Companies |
30 September 2018 |
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Persons other than companies whose books are required to be audited |
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Persons who are required to submit a report for international or specified domestic transactions |
30 November 2018 |
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TAX AUDIT REPORT |
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All Companies except who are required to furnish report for international or specified domestic transactions |
30 September 2018 |
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Persons who are required to submit a report for international transactions or specified domestic transactions |
30 November 2018 |
|
International Transactions or Specified Domestic Transactions Report |
30 November 2018 |
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