It is vital for all the registered business in India to comply with the rules and regulations given under the Income Tax Act 1961. The below-given table contains various updated compliance requirements for businesses in India to adhere to the provisions given under the Income Tax Act 1961.
The given table also provide due dates for tax return filing, TDS certificate issuance, and furnishing various forms like Form 24G, Form 3BB, Form 9A, Form No. 10, etc. for registered taxpayers in India.
Forms/ (Filing mode)
Due date for deposit of Tax deducted/collected for the month of August, 2019. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
TDS & TCS
Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of July, 2019
Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of July, 2019
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of August, 2019 has been paid without the production of a challan
Second instalment of advance tax for the assessment year 2020-21
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, 2019
Form no. 3BB
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of August, 2019
Statement for tax deducted u/s 194-IA
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of August, 2019
Statement for tax deducted u/s 194-IB
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 September 30, 2019)
Annual return of income for the assessment year 2019-20 if the assessee (not having any international or specified domestic transaction)(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).
Annual return of income
Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on September 30, 2019)
Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or 11(1) (if the assessee is required to submit return of income on September 30, 2019)
Form No. 10
Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB)[if company does not have any international/specified domestic transaction]
For deduction under section 35(2AB)
Due date for claiming foreign tax credit, upload statement of foreign income offered for tax for the previous year 2018-19 and of foreign tax deducted or paid on such income in Form no. 67. (if due date of submission of return of income is September 30, 2019).
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