RETURNS OF INCOME (ROI) AND WEALTH (ROW)

Belated returns can be filed before March 31, of the assessment year to avoid any penalty u/s 271F of Rs. 5,000.

Belated returns for an assessment year can be filed up to one year after the end of the assessment year or before completion of assessment whichever is earlier.

	ADVANCE TAX PAYMENTS	AGGREGATE TAX PAYABLE UP TO DUE DATE
a)		Companies	Others	April	June	July	Sept.	Oct.	Dec.	Jan.	March
	1 First Instalment	15%	NIL		15
	2 Second Instalment	45%	30%				15
	3 Third Instalment	75%	60%						15
	4 Final Instalment	100%	100%								15

 

RETURNS OF TAX COLLECTON AT SOURCE		Form No.
a)	Return for the Quarter ending March 31, 2010	27EQ	15
b)	Quarterly Returns	27EQ		15		15		15

 
DATES FOR DEPOSIT OF TAX and submission of forms for tax DEDUCTED / collected AT SOURCE

TDS - Salaries	Within 7 days from the end of the month in which it was deducted.
TDS - Other than Salaries	Within 7 days from the end of the month in which it was deducted.
	If the amount is credited on March 31, then before May 31.
Tax Collected at Source	Within 7 days from the end of the month in which it was collected.
Form 15H and Form 15-I	Within 7 days from the end of the month in which it is received.
Form 15J	On or before 30th June following the financial year in which Form 15J received.

Note: TDS payments (Other than Salaries) in respect of payments/credits made during April 1 & February 28, where TDS is not deducted or after deduction not paid, to avoid disallowance of expenditure under section 40(a)(i) to be paid by March 31 and in respect of credits / payments made during March can be paid up to due date of filing return of income u/s 139(1).

FILING OF APPEALS

Appeal to Commissioner of Income-tax (Appeals)	In Form 35, within 30 days from the date of receipt of the order to be appealed against
Appeal to Income-tax Appellate Tribunal	In Form 36, within 60 days from the date of receipt of order to be appealed against
Appeal before High Court	within 120 days from the date of receipt of order to be appealed against
Filing of Memorandum of Cross Objections	In Form 36A, within 30 days from the date of receipt of the notice/Form 36
PAYMENT OF DIVIDEND DISTRIBUTION TAX UNDER SECTION 115-O	Within 14 days from the date of declaration of dividend.
Annual Information returns	Before August 31 after the end of the year

General Notes

1. TDS certificates can be issued within one month from the end of the month in which tax is deducted at source. In case where amount is credited to the account of the recipient as on the last date of the accounting year, the certificate should be issued within 7 days from the date of payment of TDS. However on request from deductee, a consolidated certificate for year can be issued within 30 days from the end of year in which deducted. In case of TCS consolidated TCS certificates to be issued every half yearly within 30 days from the end of half year.
    

2. Quarterly TDS statements is required to be filed in electronically only by following :

• Company

• Government deductor

• a person required to get his accounts audited under section 44AB in the immediately preceding financial year.

• the number of deductees’ records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty.

3. Next working day will be considered as due date, if the due date falls on Holiday or Sunday – Circular No. 639 dt. 13-11-1992.
    

4. If the due date of installment payable, the bank is closed due to holiday, payment can be made on next working day.
    

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