Due Dates Of Income Tax Compliance For FY 21-22

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After the end of each fiscal year, specified individuals are required to file an ITR. To facilitate prompt filing of returns, the Income Tax Department has set a deadline by which an individual can file a return without incurring late fees. This last date is referred to as the ITR filing deadline or due date. The ITR filing deadline differs based on the type of assessee i.e. HUF, firm, LLP, company, trust, individual etc, and whether or not an audit is required. Individuals and entities who must conduct audit generally have a later date than people who fill out ITR without audit. Taxpayers in India must conform with the Indian government’s proposed tax-related compliance. Non-compliance with set deadlines of income tax-related laws may result in the government enforcing strict penalties. Hence, all Income Tax related compliances for FY 2021-22 are listed below.

April 2021

14th April 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of February 2021.

15th April 2021: Due date for a stock exchange to file a Form 3BB declaration for transactions in which client codes were changed after engaging in the system for the month of March 21.

15th April 2021: Quarterly statement in Form No. 15CC regarding foreign remittances for the quarter ending March 2021.

30th April 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on March 21.

30th April 2021: Due date for submitting declarations received from recipients in Form 15G/15H for the quarter of March 2021.

30th April 2021: For the month of March 2021, the deadline for depositing tax withheld by an assessee other than a government office.

30th April 2021: Due date for electronic filing of a declaration in Form No. 61 bearing details of Form No. 60 received between October 1, 2020, and March 31, 2021.

30th April 2021: Deadline for deposit of TDS for the quarter March 21 when the Assessing Officer has allowed quarterly deposit of TDS under sections 192, 194A, 194D, or 194H.

May 2021

7th May 2021: TDS payment for the month of April

15th May 2021: Due date for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M for in March 2021.

15th May 2021: Due date for an office of the government to submit Form 24G if TDS/TCS for the month of April 2021 were paid without the issuance of a challan.

15th May 2021: Due date for a stock exchange to file a Form 3BB declaration for transactions in which client codes were changed after engaging in the system for April 2021.

15th May 2021: TCS deposited quarterly statement for the quarter ended March 31, 2021

30th May 2021: Non-residents with a liaison office in India must file a declaration by this date (in Form No. 49C) for the fiscal year 2020-21.

30th May 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on April 2021.

30th May 2021: TCS certificates will be issued for the fourth quarter of the fiscal year 2020-21.

31st May 2021: TDS deposited for the quarter ended March 31, 2021.

31st May 2021: Due date for filing a declaration of financial transactions (in Form No. 61A) as prescribed under sub-section (1) of section 285BA of the Act in respect of the fiscal year 2020-21.

31st May 2021: Due date for reporting financial institutions to e-file the annual statement of reportable accounts required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2020.

June 2021

7th June 2021: Payment of TDS for the month of May 2021

14th June 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of April 2021.

15th June 2021: Quarterly TDS certificates for tax withheld on non-salary payments for the month ended March 31, 2021.

15th June 2021: Advance tax payment for the quarter of April-June 21

15th June 2021: Due date for an office of the government to submit Form 24G if TDS/TCS for the month of May 2021 were paid without the issuance of a challan.

15th June 2021: Due date for a stock exchange to file a Form 3BB declaration for transactions in which client codes were changed after engaging in the system for May 2021.

30th June 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on May 2021.

30th June 2021: Quarterly return of a banking company’s non-deduction of tax at source from interest on time deposits for the quarter March 2021.

30th June 2021: Due date to file DPT 3 form for companies

30th June 2021: Quarterly TCS certificate for the quarter of June 30, 2021.

July 2021

7th July 2021: TDS payment for the month of June

14th July 2021: Deadline for the issue TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of June 2021.

15th July 2021: TCS Payment for the quarter April-June 2021

30th July 2021: Quarterly TCS certificate for the quarter ending June 2021.

31st July 2021: TDS filing for the quarter ending June 30, 2021

31st July 2021: Income Tax Returns for Individuals and Non-Corporates who are not subject to a tax audit for the AY 2021-22.

31st July 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on June 21.

August 2021

7th August 2021: TDS Payment for the month of July 2021

14th August 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of July 2021.

15th August 2021: Quarterly TDS certificate (other than salary) for the quarter ending June 30,2021

31st August 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on July 2021.

September 2021

7th September 2021: TDS payment for the month of August 2021

14th September 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of August 2021.

15th September 2021: Payment of advance tax for July to Sep 2021

30th September 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on August 2021.

30th September 2021: Audit report for in the case of an assessee who has not entered into an international or specified domestic transaction during the fiscal year 2021-22.

October 2021

7th October 2021: TDS payment for the month of September 2021

14th October 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of September 2021.

30th October 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Sept 2021.

30th October 2021: Quarterly TCS certificate for the quarter ending September 2021

30th October 2021: Statement of TDS for the quarter ended September 30, 2021

31st October 2021: Audit report for in the case of an assessee who has not entered into an international or specified domestic transaction during the fiscal year 2021-22.

31st October 2021: TDS filing for the JULY-SEP 2021

November 2021

7th November 2021: TDS payment for the month of October 2021

14th November 2021: Deadline for the issue of TDS Certificate for tax deducted under sections 194-IA, 194IB, and 194M in the month of October 2021.

15th November 2021: Quarterly TDS certificate (other than salary) for the quarter ending September 2021.

30th November 2021: Audit report for in the case of an assessee who has not entered into an international or specified domestic transaction during the fiscal year 2021-22.

30th November 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Oct 2021.

December 2021

7th December 2021: TDS Payment for the month of November 2021

14th December 2021: Due date for issue of TDS certificate for tax withheld under sections 194-IA, 194IB, and 194M on Nov 2021.

15th December 2021: Advance tax Payment for the quarter ending December 2021

31st December 2021: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Nov 2021.

31st December 2021: Belated / Revised ITR for AY 2021-22 for all assesses except corporate assesses, non-corporate assesses who are required to have their accounts audited, and assesses who have entered into an international or listed domestic transaction.

January 2022

7th January 2022: TDS payment for the month of December 2021

14th January 2022: Due date for issue of TDS certificate for tax withheld under sections 194-IA, 194IB, and 194M on Dec 2021.

January 15, 2022: TCS Payment for the quarter of Oct-December 2021

31st January 2022: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Dec 2021.

31st January 2022: Quarterly TCS certificate for the quarter of Oct-December 2021

31st January 2022: Quarterly statement of TDS deposited for the quarter Oct-December 2021

February 2022

7th February 2022: TDS payment for the month of January 2022

14th February 2022: Due date for issue of TDS certificate for tax withheld under sections 194-IA, 194IB, and 194M on Jan 2022.

15th February 2022: Quarterly TDS certificate (other than salary) for the quarter of Oct-December 2021

28th February 2022: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Jan 2022.

March 2022

7th March 2022: TDS payment for the month of February 2022

14th March 2022: Due date for issue of TDS certificate for tax withheld under sections 194-IA, 194IB, and 194M on Feb 2022.

15th March 2022: Advance Tax Payment for the quarter of January-March 2022

31st March 2022: Due date for the challan-cum-statement for tax withheld under sections 194-IA, 194IB, and 194M on Feb 2022.

31st March 2022: Due date for filing belated/revised ITR for AY 2021-22.

31st March 2022: Quarterly declarations of TDS/TCS paid for Q1 & Q2 of FY 2020-21

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