Important Income Tax Due Dates of the Month of July-2016


Important Income Tax Due Dates of the Month of July-2016:

7 July 2016 â€“​​​Due date for deposit of Tax deducted/collected for the month of June, 2016.


7 July 2016 â€“​​Due date for deposit of TDS for the period April 2015 to June 2016 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H​.



15 July 2016 â€“Quarterly statement of TDS / TCS deposited for the quarter ending June 30, 2016 when tax is deducted/collected by a person other than an office of Government​.



22 July 2016 â€“​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of June, 2016.
 
30 July 2016 â€“​​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, 2016.



31 July 2016 â€“Annual return of income and wealth for the assessment year 2016-17 for all assesses other than (a) corporate - assesses or (b) non-corporate assesses (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 assesses who is required to furnish a report under section 92E​​​.



31 July 2016 â€“​​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, 2016​.



31 July 2016 â€“​​Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending June 30, 2016.



31 July 2016 â€“​​Statement by scientific research association, university, college or other association or Indian scientific research company as required by ​rules 5D, 5E and 5F (if due date of submission of return of income is July 31, 2016).


-Rinav A. Khakhar.

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