Oct
20
Tue
GST payment & File GSTR-3B
Oct 20 all-day

Monthly return of summary of outward and inward services to be filed by registered taxpayer on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of GST in form GSTR-3B

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Pay GST and File GSTR -3B
Oct 20 all-day

Monthly return of summary of outward and inward services to be filed by registered taxpayer on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of GST in form GSTR-3B

Oct
30
Fri
Assam Professional Tax Act – Return
Oct 30 all-day

Every employer shall furnish a monthly return in the prescribed form before the expiry of the 30th day of each month in the prescribed format.

Format:

Form III

Penalty:

An employer, without reasonable cause, fails to file such return within the prescribed time, the assessing authority may, after giving him a reasonable opportunity of being heard, impose upon him a penalty not exceeding rupees five for each day of delay.

Form No. 60/ 61 declaration
Oct 30 all-day

Filing of Copies of declaration received in Form No. 60/ Form 61 by the person who has received declaration in Form No. 60/ 61 (individuals not having PAN and is required to quote the same during April 1 to September 30).

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Maharashtra Professional Tax – Monthly Return
Oct 30 all-day

Every employer registered under this Act shall furnish an online return before the expiry of the due date. Prior to the submission of the online return, the employer has to enroll himself for e-service.

Format:

Form III-B

Telangana Professional Tax – Return
Oct 30 all-day

Every assessee ‘registered’ under the Act shall submit to the assessing authority, a return In Form V every month showing the salaries and wages paid by him and the amount of tax deducted by him from the salaries and wages.

Format:

Form V

Penalty:

Penalty of Rs 5 to 100 for each day of delay.

Oct
31
Sat
TDS Return
Oct 31 all-day

Quarterly Return of TDS deposited for each quarter for tax deducted at the source on certain types of payments shall be filed by the assessee who has deducted the taxes at source, by producing TDS/TCS statements along with details such as TAN, PAN, deduction amount, payment type etc.

In Form 24Q: TDS statement for salaries
Form 26Q: TDS on all payments except salaries
Form 27Q: Tax collected from dividend/interest paid to non-resident Indians (NRIs)
Form 27EQ: Collection of taxes at source

Penalty:

Sec 234E: Deductor will be liable to pay way of fee Rs.200 per day till the failure to pay TDS continues. However penalty should not exceed the amount of TDS for which statement was required to be filed.

Sec 271H: Assessing officer may direct a person who fails to file the statement of TDS within due date to pay penalty minimum of Rs.10,000 which may extended to Rs.1,00,000.Penalty under this section is in addition to the penalty u/s 234E.This section will also cover the cases of incorrect filing of TDS return.

No penalty under section 271H will be levied in case of delay in filing the TDS/TCS return if following conditions are satisfied:
(1) The tax deducted/collected at source is paid to the credit of the Government.
(2) Late filing fees and interest (if any) is paid to the credit of the Government.
(3) The TDS/TCD return is filed before the expiry of a period of one year from the due date specified in this behalf.Quarterly Return of TDS deposited for each quarter for tax deducted at the source on certain types of payments shall be filed by the assessee who has deducted the taxes at source, by producing TDS/TCS statements along with details such as TAN, PAN, deduction amount, payment type etc.

In Form 24Q: TDS statement for salaries
Form 26Q: TDS on all payments except salaries
Form 27Q: Tax collected from dividend/interest paid to non-resident Indians (NRIs)
Form 27EQ: Collection of taxes at source

Penalty:

Sec 234E: Deductor will be liable to pay way of fee Rs.200 per day till the failure to pay TDS continues. However penalty should not exceed the amount of TDS for which statement was required to be filed.

Sec 271H: Assessing officer may direct a person who fails to file the statement of TDS within due date to pay penalty minimum of Rs.10,000 which may extended to Rs.1,00,000.Penalty under this section is in addition to the penalty u/s 234E.This section will also cover the cases of incorrect filing of TDS return.

No penalty under section 271H will be levied in case of delay in filing the TDS/TCS return if following conditions are satisfied:
(1) The tax deducted/collected at source is paid to the credit of the Government.
(2) Late filing fees and interest (if any) is paid to the credit of the Government.
(3) The TDS/TCD return is filed before the expiry of a period of one year from the due date specified in this behalf.

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Nov
1
Sun
Batteries Rules- Half-Yearly Returns by Dealers
Nov 1 all-day

It shall be the responsibility of a dealer to file half-yearly returns of the sale of new batteries and buy-back of old batteries to the manufacturer in Form V by 31st May and 30th November of every year.

Format:

Form V

Penalty:

Imprisonment up to five years, or fine up to one lakh rupees. If contravention continues, additional fine up to five thousand rupees for every day.

Nov
3
Tue
Orissa Professional Tax – Return
Nov 3 all-day

The employer shall furnish a return through online in the prescribed form or to the local assessing authority accompanied by a copy of the receipted Treasury challan in Form O.T.C.-6 in token of payment of tax.

Format:

Form-V
Challan in Form O.T.C-6

Penalty:

Where an employer or enrolled person without reasonable cause, fails
to file such return within the prescribed time, the assessing authority may, after giving him a reasonable opportunity of being heard, impose upon him a penalty not exceeding rupees five for each day of delay.

Nov
7
Sat
Deposit TDS/ TCS collected for the previous month
Nov 7 all-day

Due date for deposit of Tax deducted/collected for the previous month.

By Whom: Persons reducing income tax from Money paid at the time of making specified payments.  Use  Challan 281/ Form 26QB (for deduction of tax on sale of property) for the purpose of deposit of tax.

Interest: In case there is a delay in deposit of TDS, interest should be paid before filing of TDS return.

Penalty: Under Section 201(1A) for late deposit of TDS after deduction, you have to pay interest. Interest is at the rate of 1.5% per month from the date at which TDS was deducted to the actual date of deposit.

Note, that this is to be calculated on a monthly basis and not based on the number of days i.e. part of a month is considered as a full month. Penalty Equals to the amount that was failed to be deducted/collected or remitted may be imposed.

If a person fails to pay to the credit of the Central Government, the Tax deducted at source by him as required by or under the provisions of Chapter XVII-B, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine under Sec 276B.

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