Income tax compliance calendar

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

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.