Jun
7
Sun
Deposit TDS/ TCS collected for the previous month
Jun 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.

Jun
10
Wed
AP Professional Tax Act – Return
Jun 10 all-day

Every employer shall file an e-return by way of the online portal provided in the prescribed form before the end of 10th day of every month.

Format:

Form V

Penalty:

When an assessee failed to submit such return within the specific period the assessing authority may, after giving him a reasonable opportunity of making representation impose upon him a penalty which shall not be less than rupees five but which shall not exceed rupees one hundred for each day of delay.

AP Shops and Estabishment Act – Return
Jun 10 all-day

Every employer having ten or more employees shall send a return for months ending March, June, September, and December of every year so as to reach the Inspector within whose jurisdiction the establishment is situated not later than the 10th day of the month following the month to which the return relates.

Format:

Form XXVII

Penalty:

Any employer who contravenes any of the provisions of these rules shall, on conviction, be punished with a fine which may extend to fifty rupees.

For a second offence with fine which shall not be less than one hundred rupees but which may extend to two hundred rupees and for the third or subsequent offences, with a fine which shall not be less than two
hundred and fifty rupees but which may extend to rupees five hundred.

GSTR 8 – E-Commerce Operator
Jun 10 all-day

Monthly Statement for E-Commerce Operator depicting supplies effecting through it by the E-commerce Operator in Form GSTR-8

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GSTR-1 for Goods and/or services supplied
Jun 10 all-day

Monthly statement of outward supplies of taxable goods and/or services by the Registered Taxable Supplier in Form GSTR-1.

Persons having aggregate turnover of more than Rs 1.5 crore in the preceding financial year or the current financial year.

Penalty:- Late fee of Rs. 50per day of delay (Rs. 20 per day of delay for NIL return) subject to the maximum cap in the late fees at Rs. 5,000.

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Maharashtra Factories Rules – Monthly Return
Jun 10 all-day

The manager of every factory shall file a monthly return to the concerned authority in the prescribed form before the expiry of the 10th day of each month.

Format:

Form 27A

Penalty:

Any occupier who contravention any provisions of the Act or Rules shall be punishable with fine which may extend to 1,00,000 rupees or imprisonment up to 2 years or both.

 

Jun
13
Sat
GSTR-6 by Input Service Distributor
Jun 13 all-day

Monthly Return for an Input Service Distributor in Form GSTR-6.

Penalty:- Late fee of Rs. 200 per day of delay (Rs. 100 per day of delay for NIL return) subject to the maximum cap in the late fees at Rs. 5,000.

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Jun
14
Sun
RPT Disclosure
Jun 14 all-day

Every listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website.

Format: In the format specified in the relevant accounting standards for annual results to the stock exchanges

Penalty: The listed entity or any other person thereof who contravenes any of the provisions of these regulations, shall, in addition be liable for action in terms of the securities laws or the following actions may be taken by the respective stock exchange(s), in the manner specified in circulars or guidelines issued by SEBI:(a)suspension of trading; (b)freezing of promoter/promoter group holding of designated securities; (C) any other action as may be specified by the SEBI from time to time.

Jun
15
Mon
Advance tax 1st Installment
Jun 15 all-day

Payment of advance tax for the upcoming Assessment Year by the Salaried, freelancers and businesses– If total tax liability is Rs 10,000 or more in a financial year shall pay the tax in ITNS 282 Challan.

Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax

1st Installment – 15%
2nd Installment – 45%
3rd Installment – 75%
4th Installment – 100%

Penalty : –

Section 234C: Under this section, if advance tax is not paid on schedule, an interest of 1% will be charged. This interest is for deferment in installments of advance tax on the installment payment during that quarter

Section 234B – If you do not pay 90% of the tax payable before the end of the fiscal year, then an interest of 1% is applicable. That is, if have either not paid any tax for an assessment year, or paid less than 90% of the advance tax due, then you’ll have to pay 1% simple interest on the tax dues. This would be considered as defaulting of tax payment.

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Employees State Insurance Act – Return
Jun 15 all-day

The Establishment should send return of contributions in quadruplicate along with receipted copies of challans for the amounts deposited in the Bank, by registered post or messenger, in respect of all employees for whom contributions are payable in a contribution period.

Format:

Form 5/ Online

Penalty:

When Employer fails to pay contribution within lawful time period, Simple Interest of 15% pa for every day’s default.

Fill in the form

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