Income Tax Compliance Due Dates For April 2019

1. (A) Due date for deposit of Tax deducted by Office of the Government to the credit of Central government for March, 2019 (with production of Income tax challan): 7^th April, 2019

Note-

(i) If tax is paid without production of Income tax challan, it must be deposited on the same day of deduction.

(ii) E-payment of tax is mandatory for all corporate assessees and all assessees who are liable for tax audit under section 44AB (i.e., turnover or gross receipts exceeding Rs. 1 crore in business/ Rs. 50 lakhs in profession) of the Income Tax Act, 1961.

(iii) In case of deposit by physical mode, furnish Challan 281 in the authorized branch of bank.

(iv) In case of e-payment, make sure to deposit before 8 p.m. to avoid any interest or late fee. Most of the banks consider deposit after 8 p.m. as deposit on the next day.

(B) Due date for deposit of Tax deducted by an assessee other than Office of the Government to the credit of Central government for March, 2019: 30th April, 2019

(C) Due date for furnishing Form 24G by Office of the Government, where TDS/TCS for March, 2019 has been paid without production of Income tax challan: 30^th April, 2019

2. (A) Due date for issue of TDS Certificate for tax deducted under section 194-IA in February, 2019: 14^th April, 2019

(i.e., within 15 days from the due date of furnishing challan-cum-statement for February, 2019)

Note-

(i) Section 194-IA deals with deduction on payment on transfer of certain immovable property other than agricultural land.

(ii) TDS Certificate to be issued in Form No. 16B.

(B) Due date for furnishing Challan-cum-statement in respect of tax deducted u/s 194-IA for March, 2019: 30^th April, 2019

Note- Relevant form is Form No. 26QB.

3. (A) Due date for issue of TDS Certificate for tax deducted under section 194-IB in February, 2019: 14^th April, 2019

(i.e., within 15 days from the due date of furnishing challan-cum-statement for February, 2019)

Note-

(i) Section 194-IB deals with deduction on payment of rent by individuals or Hindu Undivided Family.

(ii) TDS Certificate to be issued in Form No. 16C.

(B) Due date for furnishing Challan-cum-statement in respect of tax deducted u/s 194-IB for March, 2019: 30^th April, 2019

Note- Relevant form is Form No. 26QC.

4. Due date for furnishing Quarterly statement in respect of foreign remittances for quarter ending March, 2019: 15^th April, 2019

Note-

(i) Statement to be furnished by authorized dealers.

(ii) Relevant form is Form No. 15CC.

5. Due date for furnishing statement in respect of transactions in which client codes have been modified after registering in the system for March, 2019: 15^th April, 2019

Note-

(i) Statement to be furnished by stock exchange.

(ii) Relevant form is Form No. 3BB.

6. Due date for uploading declarations received from recipients in Form 15G/15H during quarter ending March, 2019: 30^th April, 2019

Note-

(i) Form 15G: Declaration made by individual or person (not being a company or a firm) claiming certain receipts without deduction of tax.

(ii) Form 15H: Declaration made by individual who is of the age of 60 years or more claiming certain receipts without deduction of tax

7. Due date for e-filing of declaration in Form No.61 containing particulars of Form No.60 received during the period 1^st October, 2018 to 31^st March, 2019: 30^th April, 2019

Note- Form No.60: Form for declaration to be filed by an individual or a person (not being a company or firm) who does not have a permanent account number and who enters into any transaction specified in rule 114B (where quoting of PAN is mandatory).

8. Due date for deposit of TDS for the period January, 2019 to March, 2019 when assessing officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H: 30^th April, 2019

Note-

(i) Sec.192: Payment of salary

(ii) Sec.194A: Income by way of interest other than ‘Interest on Securities’

(iii) Sec.194D: Insurance commission

(iv) Sec.194H: Commission/ Brokerage

Follow this compliance calendar to avoid any kind of interest /fee /penalty. Hope this article is helpful. Thank you.. 🙂

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