CBDT finally extended due date all over India to 31.10.2015

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

PRESS RELEASENew Delhi, 1st October, 2015

Subject: Extension of date for filing of Income tax returns and tax audit reports to 31st October 2015 – regarding

The issue of extension of last date for e-filing returns of income and audit reports u/s 44AB due by 30th September, 2015 has been the subject matter of litigation in various High Courts across the country. While some High Courts have ruled in favour of the extension of due date, some others have ruled otherwise. In order to avoid discrimination between taxpayers residing in different jurisdictions and to be fair to all, and also in view of paucity of time to approach the Hon’ble Supreme Court by way of Special Leave Petition, the Government has decided that across the country, all the returns of income and audit reports u/s 44AB which were due for e-filing by 30thSeptember, 2015, may now be filed by 31st October, 2015.

Necessary order u/s 119 of the Income-tax Act, 1961 has been issued by CBDT in this regard.

(Shefali Shah)
Pr. Commissioner of Income Tax (OSD)
Official Spokesperson, CBDT

e-Form 16 facility available to dealers having turnover more that 50 Cr

e-Form 16 facility is already available to dealers above 100 Cr which was further extended to dealers having turnover above 50 Cr vide notification no 3109 dt 16/09/2015 (click for notification).

The manual forms 16 will not be available to the dealers having annual turnover above 50 Cr. from the midnight of 30th September, 2015, only e-forms will be used instead of manual forms.

CBDT notifies New ITR-3, ITR-4, ITR-5 ITR-6 & ITR -7 for A.Y. 2015-16

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
NEW DELHI

NOTIFICATION

New Delhi, the 29th day of July, 2015

 

S.O. 2070 (E).– In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Tenth Amendment) Rules, 2015.

    (2) They shall be deemed to have come into force with effect from the 1st day of April, 2015.

2. In the Income-tax rules, 1962, in Appendix-II, for FORM ITR-3, FORM ITR-4, FORM ITR-5, FORM ITR-6 and FORM ITR-7, the following FORMS shall respectively be substituted, namely:-

[NOTIFICATION NO. 61/2015/ F.No.142/1/2015-TPL]

(Gaurav Kanaujia)
Director to the Government of India

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended vide notification number S.O.1683 (E), dated 24.06.2015.

_______________________________________________

To Download the Excel Utility follow the below link:

https://incometaxindiaefiling.gov.in/

Free issue of samples is not liable for VAT

Commercial Taxes Officer vs M/s Indian Shaving Products Ltd.

(Rajasthan High Court at Jaipur)

SB Sales Tax Revision Petition no.718/1999

Date of Judgment -10/4/2015

The fundamental principle of sales tax is that there should be sale of goods involving buyer and seller, there should be transfer of property in goods from the seller to the buyer and flow of consideration from the buyer to the seller.

In case of samples issued by the assessee as a part of promotion program, first of all there is no buyer and seller, there is no transfer of property in goods and there is no consideration.

When none of the conditions are fulfilled, there is no sale as per Sales Tax/VAT Acts.

Even though Trade/Industry/Department is aware of the above statutory position, still demands are raised on free samples issued and the disputes are reaching to the level of High Court, clogging the precious time of the courts.

In a recent judgement, High Court of Rajasthan has held that free issue of samples is not liable for VAT. Observation of the High Court is as follows :-

Free samples is in accordance with trade practice and is one of the major factor where manufacture/producer can put its product in the market. Marketing through free samples is commonly accepted trade practice which one is required to resort in the competitive business environment. The revenue gains substantially when the samples are accepted over the years by the consumers who later on purchases the commodity. It is also noticed that the free samples in the instant case is negligible to the total turnover. The free samples provided to the dealer who in turn provides the same to selected consumers cannot be said to be liable for sales tax. It has no marketable value. To say that the samples provided by assessee can be held to be liable to sales tax, in my view, does not appear to be justified and Tribunal has rightly come to the said conclusion.

Service tax rate increased from 12.36% to 14% (Subsuming EC and SHEC) effective from 01.06.2015

After the Hon’ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Department of Revenue vide Notification No. 14/2015-ST dated May 19, 2015 has notified increase in the rate of Service tax from 12.36% to flat 14% (Subsuming Education Cess and Secondary & Higher Secondary Education Cess) to be effective from June 1, 2015.

Service Tax: Analysis of Changes Applicable With Enactment of Finance Bill 2015

FINANCE BILL 2015 RECEIVED PRESIDENT ASSENT

Finance Bill, 2015 has got President Assent on 14th May, 2015 and has become Finance Act, 2015. As you know, Finance Bill 2015 has proposed lot of changes in Service tax provisions, applicable with effect from various dates.

Now with the enactment of Finance Bill, 2015, following changes have become applicable:

DEFINITIONS INTRODUCED / AMENDED

1. The Term “Government Defined: Services, excluding few specified services, provided by the government have been included in the Negative List. Further, specified services received by the government are also exempt. Hitherto, the term “government” has not been defined in the Act or the notification. This has given rise to interpretational issues. To address such issues, a definition of the term “government” is being incorporated in the Act.

Sub-section 26A inserted in section 65B in order to define the term Government. The term ‘Government’ defined to mean Central Government, State Government, Union territory and its departments. But it would not include entities whose accounts are not required to be kept under Article 150 of the Constitution.

2. Service Tax liability on Chit fund foremen and distributors or selling agents of lottery:

The intention in law has always been to levy Service Tax on the services provided by:

(i) chit fund foremen by way of conducting a chit.

(ii) distributors or selling agents of lottery, as appointed or authorized by the organizing state for promoting, marketing, distributing, selling, or assisting the state in any other way for organizing and conducting a lottery.

However, Courts have taken a contrary view in some cases, while in some cases the levy has been upheld.

Hence, in order to remove ambiguity, an explanation is being inserted in the definition of “service” to specifically state the intention of the legislature to levy service tax on activities undertaken by chit fund foremen in relation to chit, and distributors or selling agents of lottery in relation to lotteries.

CHANGES IN PRINCIPLES OF INTERPRETATION

3. Section 66F which deals with Principles of interpretation of specified description of services or bundled services. It prescribes that unless otherwise specified, reference to a service shall not include reference to any input service used for providing such service. An illustration is being incorporated in this section to exemplify the scope of this provision.

As illustrated, reference to service provided by RBI, in section 66D(b) does not include any agency service provided by other banks to RBI, as such agency services are input services used by RBI for provision of its main service. Accordingly, banks providing agency service to or in relation to services of RBI, are liable to pay Service Tax on the agency services so provided by virtue of the existing section 66F (1).

CHANGES IN VALUATION OF SERVICES

4. Section 67 : Valuation of Taxable Service: The definition of the term ‘consideration’ amended to include:

(a) all reimbursable expenditure or cost incurred and charged by the service provider subject to prescribed circumstances.

The intention has always been to include reimbursable expenditure in the value of taxable service. However, in some cases courts have taken a contrary view. Therefore, the intention of legislature is being stated specifically by this provision.

(b) amount retained by the distributor or selling agent of lottery from gross sale amount of lottery ticket, or, as the case may be, the discount received, that is the difference in the face value of lottery ticket and the price at which the distributor or selling agent gets such tickets.

PENAL PROVISIONS, RECOVERY OF TAX, APPEALS

5. Section 73 : Recovery of service tax not levied or paid or short-levied or short-paid or erroneously refunded: Section 73 is being amended in the following manner:

(i) a new sub-section (1B) is being inserted to provide that recovery of the service tax amount self-assessed and declared in the return but not paid shall be made under section 87, without service of any notice under sub-section (1) of section73,; and

(ii) sub-section (4A), that provides for reduced penalty if true and complete details of transaction were available on specified records, is being omitted.

Consequently, Rule 6 (6A) of Service Tax Rules which provided for recovery of service tax self-assessed and declared in the return under section 87 is being omitted due to the amendment in section 73 for enabling such recovery

6. Section 76: Penalty for failure to pay service tax: Section 76 is being amended to rationalize penalty, in cases not involving fraud or collusion or wilful mis-statement or suppression of facts or contravention of any provision of the Act or rules with the intent to evade payment of service tax, inthe following manner,-

(i) penalty not to exceed ten per cent of service tax amount involved in such cases;

(ii) no penalty is to be paid if service tax and interest is paid within 30 days of issuance of notice under section 73 (1);

(iii) a reduced penalty equal to 25% of the penalty imposed by the Central Excise officer by way of an order is to be paid if the service tax, interest and reduced penalty is paid within 30 days of such order; and

(iv) if the service tax amount gets reduced in any appellate proceeding, then penalty amount shall also stand modified accordingly, and benefit of reduced penalty ( 25% of penalty imposed) shall be admissible if service tax, interest and reduced penalty is paid within 30 days of such appellate order.

7. Section 78: Penalty for suppressing etc. : Section 78 is being amended to rationalize penalty, in cases involving fraud or collusion or wilful mis-statement or suppression of facts or contravention of any provision of the Act or rules with the intent to evade payment of service tax, in the following manner,-

(i) penalty shall be hundred per cent of service tax amount involved in such cases;

(ii) penalty equal to 15% of the service tax amount is to be paid if service tax, interest and reduced penalty is paid within 30 days of service of notice in this regard;

(iii) a reduced penalty equal to 25% of the service tax amount determined by the Central Excise Officer, by an order, is to be paid if the service tax, interest and reduced penalty is paid within 30 days of such order; and

(iv) if the service tax amount gets reduced in any appellate proceeding, then penalty amount shall also stand modified accordingly, and benefit of reduced penalty (25%) shall be admissible if service tax, interest and reduced penalty is paid within 30 days of such appellate order

8. New Section 78B : Transitory Provision: A new section 78 B is being inserted to prescribe, by way of a transition provision, that,-
* amended provisions of section 76 and 78 shall apply to cases where either no notice is served, or notice is served under sub-section (1) of section 73 or proviso thereto but no order has been issued under sub-section (2) of section 73, before the date of enactment of the Finance Bill, 2015; and
* in respect of cases covered by sub-section (4A) of section 73, if no notice is served, or notice is served under sub-section (1) of section 73 or proviso thereto but no order has been issued under sub-section (2) of section 73, before the date of enactment of the Finance Bill, 2015, penalty shall not exceed 50% of the service tax amount.

9. Section 80: Penalty not to be imposed in certain cases: Section 80 provided for waiver of penalty in specified situations, is being omitted.

10. Section 86: Appeals to appellate tribunal: Section 86 is being amended to prescribe that matters involving rebate of service tax shall be dealt with in terms of Section35EE of the Central Excise Act.

11. Settlement Commission: Certain changes have been made in the provisions relating to Settlement Commission. These provisions, contained in the Central Excise Act, 1944, are made applicable to Service Tax, through section 83 of the Finance Act, 1994.

12. Rule 6 (6A) which provided for recovery of service tax self-assessed and declared in the return under section 87 is being omitted consequent to the amendment in section 73 for enabling such recovery.

SERVICE TAX : CHANGES TO BE APPLICABLE FROM THE DATE TO BE NOTIFIED AFTER THE ENACTMENT OF FINANCE BILL 2015

SERVICE TAX RATE

The rate of Service Tax is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the revised rate of Service Tax. Thus, the effective increase in Service Tax rate will be from the existing rate of 12.36% (inclusive of cesses) to 14%, subsuming the cesses.

Service Tax Rate                    Earlier 12.36%                  New 14.00%

In respect of certain services like money changing service, service provided by air travel agent, insurance service and service provided by lottery distributor and selling agent the service provider has been allowed to pay service tax at an alternative rate subject to the conditions as prescribed under rule 6 (7), 6(7A), 6(7B) and 6(7C) of the Service Tax Rules, 1994. Consequent to the upward revision in Service Tax rate, the said alternative rates shall also be revised proportionately. Amendments to this effect have been proposed in the Service Tax Rules. The new rates are summarized in the table below:

Services	Old Rate	New Rate
Air Travel Agent
Domestic booking	0.60%	0.70%
International booking	1.20%	1.40%
Life insurance
First Year premium	3.00%	3.50%
Subsequent year premium	1.50%	1.75%
Money changing service
Amount of currency upto 1 Lakh	0.12% subject to min Rs.30	0.14% subject to min Rs.35
Amount of currency exchanged exceeding INR 1 Lakh and upto 10 lakh	Rs.120 and 0.06%	Rs.140 and 0.07%
Amount of currency exchanged exceeding INR1 million	Rs.660 and 0.012% subject to max Rs.6,000	Rs.770 and 0.014% subject to max Rs.7,000
Lottery
Where guaranteed prize payout is more than 80 per cent	Rs.7,000	Rs.8,200
Where guaranteed prize payout is less than 80 per cent	Rs.11,000	Rs.12,800

SWACHH BHARAT CESS

An enabling provision is being incorporated in the Finance Bill, 2014 to empower the Central Government to impose a Swachh Bharat Cess on all or any of the taxable services at a rate of 2% on the value of such taxable services. The cess shall be levied from the date to be notified after the enactment of the Finance Bill 2014.

CHANGES IN SECTION 66D OF NEGATIVE LIST

Entertainment Event or Amusement Facility

The Negative List entry that covers “admission to entertainment event or access to amusement facility” is being omitted [section 66D (j)]. Consequently, the definitions of “amusement facility” [section 65 B (9)] and “entertainment event” [section 65B(24)] are also being omitted. The implication of these changes are as follows,-
* Service Tax shall be levied on the service provided by way of access to amusement facility providing fun or recreation by means of rides, gaming devices or bowling alleys in amusement parks, amusement arcades, water parks and theme parks.
* Service tax to be levied on service by way of admission to entertainment event of concerts, pageants, musical performances concerts, award functions and sporting events other than the recognized sporting event, if the amount charged is more than Rs. 500 for right to admission to such an event. However, the existing exemption, by way of the Negative List entry, to service by way of admission to entertainment event, namely, exhibition of cinematographic film, circus, recognized sporting event, dance, theatrical performance including drama and ballet shall be continued, through the route of exemption. For this purpose a new entry is being inserted in notification No. 25/12-ST.

The term recognized sporting event has been defined in the proposed amendment in the said notification (No 6/2015 ST dated 1st March 2015).

Any Process Amounting to Manufacture or Production of goods

The entry in the Negative List that covers service by way of any process amounting to manufacture or production of goods [section 66D (f)] is being pruned to exclude any service by way of carrying out any processes for production or manufacture of alcoholic liquor for human consumption. Consequently, Service Tax shall be levied on contract manufacturing/job work for production of potable liquor for a consideration. In this context, the definition of the term “ process amounting to manufacture or production of goods” [section 65 B (40)] is also being amended, along with the Negative List entry [section 66D (f)], with a consequential amendment in S. No. 30 of notification No. 25/12-ST, to exclude intermediate production of alcoholic liquor for human consumption from its ambit.

Support Services by Government to Business Entities

Presently, services provided by Government or a local authority, excluding certain services specified under clause (a) of section 66D, are covered by the Negative List. Service Tax applies on the “support service” provided by the Government or local authority to a business entity. An enabling provision is being made, by amending section 66D (a)(iv), to exclude all services provided by the Government or local authority to a business entity from the Negative List. Consequently, the definition of “support service” [section 65 B (49)] is being omitted. Accordingly, as and when this amendment is given effect to, all services provided by the Government or local authority to a business entity, except the services that are specifically exempted, or covered by any another entry in the Negative List, shall be liable to service tax.

(Author – CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified) is Author of Book “An Insight Into Goods & Service Tax” and also Managing Partner at M/s Chitresh Gupta & Associates)

CBI Arrests an Inspector of Central Excise In a Bribery Case

CBI ARRESTS AN INSPECTOR OF CENTRAL EXCISE IN A BRIBERY CASE

Press Release- New Delhi, 07.05.2015

The Central Bureau of Investigation has arrested an Inspector of Central Excise, Roorkee (Uttrakhand) for demanding and accepting a bribe of Rs.3,500/- from the Complainant.

A case was registered under section 7 of PC Act, 1988 against an Inspector of Central Excise, Roorkee on a complaint. It was alleged that the Inspector was demanding a sum of Rs.3,500/- from the Complainant for registration of his firm with Service Tax Department of Central Excise. CBI laid a trap and the Inspector was arrested in his office while demanding & accepting a bribe of Rs.3,500/- from the Complainant.

The arrested accused was produced today in the Court of Special Judge, CBI Cases, Dehradun and remanded to Judicial Custody.

Income Tax Calendar for the FY 2015-16 (AY 2016-17)

Income Tax Calendar for the FY 2015-16 (AY 2016-17)

April, 2015

Tuesday, April 7, 2015

​​​​Due date for deposit of Tax deducted under Section 194-IA in the month of March, 2015​

Wednesday, April 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March, 2015​

Thursday, April 30, 2015

​​Due date for deposit of Tax deducted/collected for the month of March, 2015​

Thursday, April 30, 2015

​​Due date for deposit of TDS for the period January 2015 to March 2015 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H ​has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H.

Thursday, April 30, 2015

​​​​​Copies of declaration received in Form No. 60/61 (not being — received at the time of opening a bank account) during October 1, 2014 to March 31, 2015 to the concerned Director (Investigation)​

May, 2015

Thursday, May 7, 2015

​​Due date for deposit of Tax deducted/collected for the month of April, 2015​

Friday, May 15, 2015

​​Quarterly statement of TDS/TCS deposited for the quarter ending March 31, 2015​

Friday, May 22, 2015

​​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of April, 2015​

Saturday, May 30, 2015

​​Quarterly TDS/TCS certificates in respect of tax deducted (for payment other than salary) or tax collected during the quarter ending March 31, 2015​

Saturday, May 30, 2015

​​Submission of a statement by non-resident (under Section 285) having a liaison office in India for the financial year 2014-15​

Sunday, May 31, 2015

​​Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during 2014-15​

Sunday, May 31, 2015

​​​Return of tax deduction from contributions paid by the trustees of an approved superannuation fund

June, 2015

Sunday, June 7, 2015

​​Due date for deposit of Tax deducted/collected for the month of May, 2015​

Monday, June 15, 2015

​​​​First installment of advance income-tax in the case of a company for the assessment year 2016-17

Monday, June 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of May, 2015

Tuesday, June 30, 2015

​​Return in respect of securities transaction tax for the financial year 2014-15 ​

Tuesday, June 30, 2015

​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2015​

Tuesday, June 30, 2015

​​Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2015​

Tuesday, June 30, 2015

​​Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2014-15. This statement is required to be furnished to the unit holders in form No. 64B[As prescribed under Rule 12CA inserted by the Income-tax (First Amendment) Rules, 2015, w.e.f. 19-1-2015.]

July, 2015

Tuesday, July 7, 2015

​​​Due date for deposit of Tax deducted/collected for the month of June, 2015

Tuesday, July 7, 2015

​​Due date for deposit of TDS for the period April 2015 to June 2015 when Assessing Officer has permitted quarterly deposit of TDS under Section 192,194A, 194D or 194H​

Wednesday, July 15, 2015

Quarterly statement of TDS/TCS deposited for the quarter ending June 30, 2015 when tax is deducted/collected by a person other than an office of Government​

Wednesday, July 22, 2015

​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of June, 2015​

Thursday, July 30, 2015

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending June 30, 2015​

Friday, July 31, 2015

Annual return of income and wealth for the assessment year 2015-16 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner (of a firm whose accounts are required to be audited) or (d) an assessee who is required to furnish a report under section 92E​​​

Friday, July 31, 2015

​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2015​

Friday, July 31, 2015

​​Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending June 30, 2015

Friday, July 31, 2015

​​Statement by scientific research association, university, college or other association or Indian scientific research company as required by ​rules 5D, 5Eand 5F (if due date of submission of return of income is July 31, 2015)

August, 2015

Friday, August 7, 2015

​​​Due date for deposit of Tax deducted/collected for the month of July, 2015

Saturday, August 15, 2015

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending June 30, 2015​

Saturday, August 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of July, 2015

Monday, August 31, 2015

​​Annual information return under section 285BA for the financial year 2014-15​

September, 2015

Monday, September 7, 2015

​​Due date for deposit of Tax deducted/collected for the month of August, 2015

Tuesday, September 15, 2015

​​First installment (in the case of a non-corporate assessee) or second installment (in the case of a corporate-assessee) of advance income-tax for the assessment year 2016-17

Tuesday, September 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of August, 2015​

Wednesday, September 30, 2015

​​Audit report under Section 44AB for the assessment year 2015-16 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on September 30, 2015)​

Wednesday, September 30, 2015

​​Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5Eand 5F (if due date of submission of return of income is September 30, 2015)​​

Wednesday, September 30, 2015

​​Annual return of income and wealth for the assessment year 2015-16 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner (of a firm whose accounts are required to be audited)

Wednesday, September 30, 2015

​​Audit report under section 44AB for the assessment year 2015-16 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on September 30, 2015)​

October, 2015

Wednesday, October 7, 2015

​​Due date for deposit of tax deducted/collected for the month of September, 2015​

Wednesday, October 7, 2015

​​​Due date for deposit of TDS for the period July 2015 to September 2015 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H​

Thursday, October 15, 2015

​​​​​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2015 when tax is deducted/collected by a person other than an office of Government​​

Thursday, October 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2015​

Friday, October 30, 2015

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2015

Saturday, October 31, 2015

​​Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)

Saturday, October 31, 2015

​​​​​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2015 to September 30, 2015 to the concerned Director (Investigation)​​

Saturday, October 31, 2015

​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2015​​

Saturday, October 31, 2015

​​​Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending September 30, 2015​​

November, 2015

Saturday, November 7, 2015

​​Due date for deposit of Tax deducted/collected for the month of October, 2015​

Sunday, November 15, 2015

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2015​

Sunday, November 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of October, 2015​

Monday, November 30, 2015

​​Annual return of income and wealth for the assessment year 2015-16 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)​

Monday, November 30, 2015

​​Audit report under Section 44AB for the assessment year 2015-16 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under Section 92E​

Monday, November 30, 2015

​​​Statement of income distribution by venture capital company or venture capital fund in respect of income distributed during 2014-15

Monday, November 30, 2015

​​Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2014-15. This statement is required to be filed electronically to Principal CIT or CIT in form No. 64A [As prescribed under Rule 12CA inserted by the Income-tax (First Amendment) Rules, 2015, w.e.f. 19-1-2015.]​

December, 2015

Monday, December 7, 2015

​​​Due date for deposit of Tax deducted/collected for the month of November, 2015

Tuesday, December 15, 2015

​​Second installment (in the case of an assessee other than a company) or third installment (in the case of a company) of advance income-tax for the assessment year 2016-17​

Tuesday, December 22, 2015

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of November, 2015

January, 2016

Wednesday, January 7, 2016

​​Due date for deposit of Tax deducted / collected for the month of December, 2015

Wednesday, January 7, 2016

​Due date for deposit of TDS for the period October 2014 to December 2014 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H.​

Thursday, January 15, 2016

​Quarterly statement of TDS/TCS deposited for the quarter ending December 31, 2015 when tax is deducted / collected by a person other than an office of Government​

Thursday, January 22, 2016

​​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of December, 2015

Friday, January 30, 2016

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending December 31, 2015.​

Saturday, January 31, 2016

​​​Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending December 31, 2015​

Saturday, January 31, 2016

​​Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2015​

February, 2016

Saturday, February 7, 2016

​​Due date for deposit of Tax deducted/collected for the month of January, 2016​

Sunday, February 15, 2016

​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending December 31, 2015​

Sunday, February 22, 2016

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of January, 2016​

March, 2016

Saturday, March 7, 2016

​​Due date for deposit of Tax deducted/collected for the month of February, 2016​

Sunday, March 15, 2016

​​Third installment (in the case of an assessee other than a company) or fourth installment (in the case of a company) of advance income tax for the assessment year 2016-17​

Sunday, March 22, 2016

​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of February, 2016​

(Source: www.incometaxindia.gov.in)

Submitted by:

Sumit Grover

Advocate