Important Dates to Remember for Filling Income Tax in India

Due dates to remember as per Income Tax Act of India

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Category :Taxes

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-

ADVANCE TAX
Q1 - 01 April 2018 to 30 June 2018	15 June 2018
Q2 - 01 July 2018 to 30 September 2018	15 September 2018
Q3 - 01 October 2018 to 31 December 2018	15 December 2018
Q4 - 01 January 2019 to 31 March 2019	15 March 2019

e-TDS RETURNS
Q1 - 01 April 2018 to 30 June 2018	31 July 2018
Q2 - 01 July 2018 to 30 September 2018	31 October 2018
Q3 - 01 October 2018 to 31 December 2018	31 January 2019
Q4 - 01 January 2019 to 31 March 2019	31 May 2019

DUE DATE FOR DEPOSITING TDS
Non -government deductors	7th of the next month in which TDS is deducted, except March for which due date is April 30, 2019.
Government deductors	If paid through challan - 7th of next month
Government deductors	If paid through book entry - same day on which TDS is deducted
On Purchase of Immovable Property	30th day of the following month in which property is purchased.

INCOME TAX RETURNS
All persons except-	31 July 2018
companies
Persons whose books are required to be audited
working partner of a partnership firm liable for audit

All Companies	30 September 2018
Persons other than companies whose books are required to be audited	30 September 2018

Persons who are required to submit a report for international or specified domestic transactions	30 November 2018

TAX AUDIT REPORT
All Companies except who are required to furnish report for international or specified domestic transactions	30 September 2018
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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A CA by profession.. B.Com, CA, CS, DISA by education and a writer by hobby. An enthusiast, loves traveling and enjoys music and dance. About my articles, being a CA they might include taxation aspects. I am also very inclined towards skin and hair care and would love to share some tips on the same. As i am fond of traveling, would also share certain experiences thereon. Happy reading!!

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