ITDeductions



For more information, You may kindly visit us,
M/s Anbalagan & Muthukumarasamy,
Chartered Accountants,
49/41C, I Floor, I Main Road,
Ramalinga Nagar,
Woraiyur,
Tiruchirapalli 620003.
Phone: +914312775335
Mobile: +919600923301
Email: ca@auditorsindia.com
Alt Email: taxaudit@gmail.com




Direct Taxes Due Dates 2008


Topic Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Payment of Advance Tax (IT & FBT) by non-corporates - - 15 - - - - - 15 - - 15
Payment of Advance Tax (IT & FBT) by corprates - - 15 - - 15 - - 15 - - 15
Filing retuturs by Companies & and Directors. - - - - - - - - 30 - - -
Filing retuturs by Other business entities, other than companies, if their accounts are auditable & their working partners. - - - - - - - - 30 - - -
Filing retuturs by Other business entities, other than companies, if their accounts are not auditable - - - - - - 31 - - - - -
Payment of service tax by individuals and firms. 5 - 31 - - - 5 - - 5 - -
Payment of monthly service tax (For others) 5 5 5 and 31 - 5 5 5 5 5 5 5 5
Payment of central excise duty by assessees availing SSI exemption 15 15 15 and 31 1 15 15 15 15 15 15 15 15
Payment of central excise duty (Other than SSI units) 5 5 5 and 31 - 5 5 5 5 5 5 5 5
Payment of TDS and TCS collected 7 7 7 7 7 and 31 7 7 7 7 7 7 7
Payment of monthly dues of Provident Fund 15 15 15 15 15 15 15 15 15 15 15 15


Quarterly Filing Jan - Mar Apr - Jun Jul - Sep Oct - Dec
Statement of TDS from payments to NR/RNOR 14-Jan-08 14-Jun-08 14-Jul-08 14-Oct-08
Statement of TDS from Salaries 15-Jan-08 15-Jun-08 15-Jul-08 15-Oct-08
Statement of TDS from other payments 15-Jan-08 15-Jun-08 15-Jul-08 15-Oct-08
Statement of TCS 15-Jan-08 30-Apr-08 15-Jul-08 15-Oct-08
Quarterly Return of payment without TDS by Banking Co. 31-Jan-08 30-Jun-08 31-Jul-08 31-Oct-08

NOTES :

  1. Generally Form No. 27Q is required to be submitted quarterly within 14 days from end of quarter. In case where payees account is credited as on the year end, Form 27Q is to be filed before 14th June.

  2. A resident individual having gross salary income of not exceeding Rs. 1,50,000/- and not having business income, capital gain or Agricultural income and any other income on which TDS has been deducted by any person other than his employer, will have an option to file his return of income in Form No. 16AA.

  3. Recipient of Form Nos. 15G, 15H and 15-I must file a copy with C.I.T. by the 7th day of the month following the month in which it is received.

  4. 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 to the Payee's A/c on 31st March, then TDS must be deposited by 31st May.

  5. Dividend tax u/s. 115-O must be paid within a period of 14 days from the date of declaration, distribution or payment of dividend, whichever is earlier.

  6. 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.

  7. 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 floppy drive by filling Form 27A/27B along with the certificate by the corporate assessees regarding clean and virus free data. For assessees other than corporate assessees it is optional to file it on computer media.

  8. The Returns of wealth is required to be filed by the companies, Individuals and H.U.Fs only.

  9. 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 u/ss. 234B and 234C is not chargeable. (Circular No. 676 dt. 14-1-1994).

  10. Interest payable for failure to deduct/collect or pay the tax, shall be paid before submission of quarterly return.