Income tax compliance calendar

Income Tax Compliance Calendar
Share This Post

Income tax compliance calendar

There are various compliances that need to be taken care of by corporate as well as non-corporate assessees. Any divergence from the compliances under Income Tax Act or Goods & Service Tax Act may attract penal provisions. The Government has extended the various due dates for Assessment Year 2021-22 under the Income Tax Act vide a circular no. 1 dated 11th January 2022. Earlier the due dates were extended by issuing a circular no. 9 dated 20th May 2021 and circular no. 17 dated 9th September 2021

Income-tax compliance calendar

Particulars

Original Due Date Extended Due Date
Cir 9 dtd 20.02.21 Cir 17 dtd 09.09.21

Cir 01 dtd 11.01.22

ITR for assesses not requiring audit u/s 44AB for FY 2020-21

31.07.2021 30.09.2021 31.12.2021  

NA

Tax Audit Reports for FY 2020-21 [3CA, 3CB, 3CD] 30.09.2021 31.10.2021 15.01.2022

15.02.2022

Transfer Pricing Reports u/s 92E [3CE]

31.10.2021 30.11.2021 31.01.2022 15.02.2022

ITRs for Tax Audit Assessees including partners of Firm whose Firms were subject to tax audit.

31.10.2021 30.11.2021 15.02.2022 15.03.2022

ITRs for Transfer Pricing Assessees

30.11.2021 31.12.2021 28.02.2022

15.03.2022

Belated Return for AY 2021-22

31.12.2021 31.01.2022 31.03.2022 31.03.2022
Revised Return for AY 2021-22 31.12.2021 31.01.2022 31.03.2022

31.03.2022

Note: All the above due date extensions relate to procedural compliances, there is no extension in the date of payment of taxes by the taxpayers.
Note: Interest u/s 234A shall be applicable if the tax payable exceeds Rs 1 lakh.

Payment of TDS on the sale of the property should be done within 30 days from the end of the month in which deduction is made.


What are the due dates for  Trust registration/ Trust Re-Registration  u/s 12A, 80G, 35, Sovereign Wealth Fund, Pension Fund, Form 15G/15H, and others

CBDT has issued a circular 16 on 29th August 2021 to extend due dates of certain Forms under the Income Tax Act due to the unavailability of functionality for the same on the newly launched Income Tax Portal. The forms are related to Re-registration/ Registration of Trust u/s 12A, 80G, 35, Sovereign Wealth Fund, Pension Fund, Form 15G/15H, and others.

Form Name

Form Description Original Due Date Latest Extended Due Date
Form 10A Application for registration or intimation or approval u/s 10(23C), 12A, 35, 80G 31st Aug’21

31st Mar’22

Form 10AB

Application for registration or intimation or approval u/s 10(23C), 12A, 80G 28th Feb’22 31st Mar’22
Form 1 Equalization Levy Statement for FY 2020-21 31st Aug’21

31st Dec’21

Form 15CC

Quarterly Statement to be furnished by Authorized Dealer for remittance made for Qtr 30th June 2021 31st Aug’21 30th Nov’21
Quarterly Statement to be furnished by Authorized Dealer for remittance made for Qtr 30th September 2021 15th Oct’21

31st Dec’21

 

Form 15G/ 15H

Declaration by the individual requesting bank to not deduct TDS for Quarter ending on 30th June 2021 31st Aug’21 30th Nov’21
Declaration by the individual requesting bank to not deduct TDS for Quarter ending on 30th September 2021 15th Oct’21

31st Dec’21

Form II SWF

Intimation by Sovereign Wealth Fund for Investment made by it in India for Quarter 30th June 2021 30th Sep’21 30th Nov’21
Intimation by Sovereign Wealth Fund 31st Oct’21

31st Dec’21


Share This Post
About CA Mehul Gupta 31 Articles
Chartered Accountant in practice, Certified GST Practitioner & Commerce Graduate. He is mainly engaged in the practice of Direct taxes, GST, International taxation, & assurance services. A visiting faculty in the Faridabad Branch of ICAI.

Be the first to comment

Leave a Reply

Your email address will not be published.