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1. Compliance requirement under Income Tax act, 1961

Sl.

Compliance Particulars

Due Dates

1

Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.

07.10.2021

2.

Due date deposit of TDS for July-Sep. 2021u/s section 192, 194A, 194D or 194H.

07.10.2021

3

Due date for deposit of Equalization Levy for the month of September, 2021.

07.10.2021

4

Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and194M in the month of September 2021.

15.10.2021

5

Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2021 has been paid without the production of a challan.

15.10.2021

6

Quarterly statement of TCS deposited for the quarter ending September 30, 2021.

15.10.2021

7

Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of August, 2021.

15.10.2021

8

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of September, 2021.

30.10.2021

9

Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2021.

30.10.2021

10

Intimation by a designated constituent entity,resident in India, of an international group in Form no. 3CEAB for the accounting year2020-21.

31.10.2021

11

Quarterly statement of TDS deposited for the quarter ending September 30, 2021.

31.10.2021

12

Payment of tax under Direct Tax Vivad se Vishwas Act, 2020 with additional charge.

31.10.2021

Corporate Compliance Calendar for the m/o October 2021

Income Tax Due Date - Extensions

Sl.

Nature of Extension

Provisions / Forms of IT Act 1961

Original Due Date

Extended Due Date

1

The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc.,

Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act

30.06.2021

31.03.2022

2

The Quarterly Statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021

Form No. 15CC

30.06.2021

31.12.2021

3

The Quarterly statement in Form No. 15CC to be fumished by authorized dealer in respect of remittances made for the quarter ending on 30 September, 2021

 

15.10.2021

31.12.2021

4

The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21

Form No. 1

30.06.2021

31.12.2021

5

Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India for the purposes of section 286 (1)

Form No.3CEAC

30.11.2021

31.12.2021

6

Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 286 (2) / 286 (4)

Form No.3CEAD

30.11.2021

31.12.2021

7

Intimation on behalf of an international group for the purposes of the proviso to sub-section (4) of section 286 of the Act

Form No.3CEAE

30.11.2021

31.12.2021

8

Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021

Form No. 15G/15H

15.07.2021

30.11.2021

9

Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th September, 2021

Form No. 15G/15H

15.10.2021

31.12.2021

10

Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June,2021,

Form II SWF

31.07.2021

30.11.2021

11

Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th September,2021

Form II SWF

31.10.2021

31.12.2021

12

Intimation to be made by a Pension Fund in respect of each investment ) made by it in India in Form No. 10BBB for the quarter ending on 30th June,2021

Form No. 10BBB

31.07.2021

30.11.2021

13

Intimation to be made by a Pension Fund in respect of each investment (11) made by it in India in Form No. 10BBB for the quarter ending on 30

September, 2021

Form No. 10BBB

31.10.2021

31.12.2021

 

Important updates - September, 2021

1. Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT

Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial year, the CBDT said.

The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department.This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases.

2. ITR filing due date for AY 2021-22 extended! Check new deadline to file income tax return

CBDT has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.

Keeping in view the difficulties reported by taxpayers and other stakeholders in filing of Income Tax Returns as well as the various reports of audit for the Assessment Year 2021-22 under the Income-Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.

  • The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021, is now further extended to 31st December, 2021.
  • The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September, 2021, as extended to 31st October, 2021, is now further extended to 15th January, 2022.
  • The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st October, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th November, 2021 is now further extended to 15th February, 2022.
  • The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 30th November, 2021 under sub-section (1) of section 139 of the Act, as extended to 31st December, 2021 is now further extended to 28th February, 2022.
 

Important Notifications - For the month of September - 2021

 

Sl.

Particulars of the Notification(s)

File No. / Circular No.

Link(s)

1.

Order under section 119(2)(b) of the Income Tax Act, 1961 for filing applications for settlement before the Interim Board for Settlement

F.No. 299/22/ 2021 -Dir (Inv. III)/174

Click Here

2.

​Processing of returns claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases

F. No. 225/98/2020 - ITA-II

Click Here

3.

The Income-tax(31st Amendment) Rules, 2021

Notification No. 118/2021

Click Here

4.

The Income-tax (30th Amendment)Rules, 2021

Notification No. 117 /2021

Click Here

5.

Extension of time lines for electronic filing of various Forms under the Income-tax Act, 1961

Circular No. 16 /2021

Click Here

6.

Notification No. 94/2021 [F.No.IT(A)/01/2020-TPL (Part-I)-(Part- I)] / S.O. 3536(E)

Notification No. 94/2021

Click Here

7

The Income-tax (25th Amendment)Rules, 2021

Notification No. 95/2021

Click Here

8

Constitution of Board for Advance Rulings under the section 245-OB Income-tax Act, 1961

Notification No. 96/2021

Click Here

9

Notification of the appointed date to give effect to the amendments made by the Finance Act, 2021 to the Chapter XIX-B of the Income tax Act, 1961

Notification No. 97/2021

Click Here

10

Notification No. 98/2021 [F. No. 370142/11/2021-TPL] / SO 3595(E)

Notification No. 98/2021

Click Here

11

The Income-tax (26th Amendment)Rules, 2021

Notification No. 99/2021

Click Here

12

the Central Government hereby notifies for the purposes of the said clause, ‘District Mineral Foundation Trust’

Notification No. 103/2021

Click Here

13

Extension of time lines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22- reg.

Circular No. 17/2021

Click Here

14

The Income-tax (26thAmendment) Rules, 2021

Noti. No. 101/2021

Click Here

15

The Income-tax (26th Amendment) Rules, 2021 - CORRIGENDUM

Notification No. 102 /2021

Click Here

16

Income Tax Department conducts searches in Ahmedabad

Release ID: 1753861

Click Here

17

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

Release ID: 1753603

Click Here

18

e-Filing portal of the Income Tax Department - updates

Release ID: 1753272

Click Here

19

The Income-tax (29th Amendment)Rules, 2021.

Notification No. 109/2021

Click Here

20

The Central Government hereby specifies the pension fund

Notification No. 111/2021

Click Here

2. Compliance Requirement under GST, 2017

Filing of GSTR –3B

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period

Due Date

No interest payable till

Particulars

September, 2021

20thOctober,

2021

-

Due Date for filling GSTR - 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period

Due Date

No interest payable till

Particulars

September, 2021

22nd October,

2021

 

Due Date for filling GSTR - 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B

Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep

C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period

Due Date

No interest payable till

Particulars

September, 2021

24thOctober,

2021

   

Group B States:Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

D. Filing Form GSTR-1

Tax period

Due Date

Remarks

Monthly return

(September, 2021)

11.10.2021

GST monthly return for the month of September, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate Turnover more than 1.50 Crore.

GST monthly return for the month of September, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate turnover less than 1.50 Crore and opted to file monthly Return.

Quarterly Return

(July-September Quarter 2021)

13.10.2021

Due Date of GSTR-1 for tax period July-September Quarter 2021.

E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.

Compliance Particulars

Timeline

Due Date

GSTR-5 & 5A

Non-resident ODIAR services provider file Monthly GST Return

20th of succeeding month

20.10.2021

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.10.2021

GSTR -7

Return for Tax Deducted at source to be filed by Tax Deductor

10th of succeeding month

10.10.2021

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.10.2021

F. GST QRMP monthly return

Form No.

Compliance Particulars

Timeline

Due Date

Details of outward supply-IFF

GST QRMP monthly return due date for the month of September, 2021 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.

13th of succeeding month

13.10.2021

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