1. Compliance requirement under Income Tax act, 1961
|
Sl. |
Compliance Particulars |
Due Dates |
|
1 |
Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. |
07.02.2022 |
|
2. |
Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of January, 2022. |
07.02.2022 |
|
3 |
a) "Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021). b) The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021. c) The due date for filing audit report has been further extended to February 15, 2022 vide Circular No. 01/2022, dated 11-01-2022". |
14.02.2022 |
|
4 |
Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January, 2022 has been paid without the production of a challan. |
14.02.2022 |
|
5 |
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending December 31, 2021. |
14.02.2022 |
|
6 |
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of December, 2021. |
15.02.2022 |
|
7 |
a) "Audit report under section 44AB for the assessment year 2021-22 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E. b) The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021. c) The due date for filing audit report has been further extended to February 15, 2022 vide Circular No. 01/2022, dated 11-01-2022". |
15.02.2022 |
Income Tax Due Date - Extensions
|
Sl. |
Nature of Extension |
Provisions / Forms of IT Act 1961 |
Earlier Due Date |
Extended Due Date |
|
1 |
The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., |
Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act |
30.06.2021 |
31.03.2022 |
|
2 |
Return of income for the assessment year 2021-22 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s) |
under section 92E |
31.12.2021 |
28.02.2022 |
|
3 |
Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before December 31, 2021). |
Belated/revised return of income for the assessment year 2021-22 |
31.01.2022 |
31.03.2022 |
Important Notifications - For the month of January - 2022
|
Sl. |
Particulars of the Notification(s) |
File No. / Circular No. |
Link(s) |
|
1. |
Income Tax department detects anomalies in 2 Chinese mobile firms |
Tax News |
|
|
2. |
One-time relaxation for verification of all income tax-returns e-filed forthe Assessment Year 2020-21 which are pending for verification and processing of such returns - reg. |
Circular No. 21 / 2021 |
|
|
3. |
TheIncome-tax (34th Amendment)Rules, 2021 |
Notification No. 138/2021 |
|
|
4. |
TheFaceless Appeal Scheme, 2021. |
Notification No. 139/2021 |
|
|
5. |
TheIncome-tax (35th Amendment)Rules, 2021 |
Notification No. 140/2021 |
|
|
6. |
Income Tax notification to give effect to the FacelessAppeal Scheme, 2021 |
Notification No. 141/2021 |
|
|
7 |
‘Regional Air Connectivity Fund Trust (PAN AADTR1130P), |
Notification No. 1/2022 |
|
|
8 |
Searches conducted by Income Tax Department largely in Uttar Pradesh and Maharashtra |
Press Release ID: 1787764 |
|
|
9 |
Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private Limited |
Press Release ID: 1787686 |
|
|
10 |
Extension of timelines for filing of ITRs and variousreports of audit for the Assessment Year 2021-22- reg |
Circular No. 01/2022 |
|
|
11 |
Central Government hereby notifies for the purposes of the said clause,‘International Financial Services Centres Authority’ |
Circular No. 03/2022 |
|
|
12 |
Income tax (1st Amendment) , Rules,2022. |
Circular No. 06/2022 |
|
|
13 |
Income Tax Department conducts searches in Kerala |
Press Release ID 1788947 |
|
|
14 |
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 - reg. |
Circular No. 02/2022 |
|
|
15 |
CBDT notifies National Skill Development Corporation for exemption U/s. 10(46) |
Notification No. 10/2022 |
|
|
,16 |
The Securities Transaction Tax (1st Amendment), Rules, 2022 |
Notification No. 09/2022 |
|
|
17 |
TheIncome tax (2ndAmendment) Rules, 2022. |
Notification No. 08/2022 |
|
|
18 |
The “e-advance rulings Scheme, 2022”. |
Notification No. 07/2022 |
2. Compliance Requirement under GST, 2017
A. Filing of GSTR - 3B
a) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
January, 2022 |
20thFebruary, 2022 |
- |
Due Date for filling GSTR-3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year |
b) Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
January, 2022 |
22nd February, 2022 |
Due Date for filling GSTR - 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B |
|
|
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadwee |
|||
c) Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
|
Tax period |
Due Date |
No interest payable till |
Particulars |
|
January, 2022 |
24thFebruary, 2022 |
||
|
Group B States:Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi |
|||
B. Filing Form GSTR-1
|
Tax period |
Due Date |
Remarks |
|
Monthly return (January, 2022) |
11.02.2022 |
"1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceeding year. 2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP" |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
GSTR-5 & 5A |
Non-resident ODIAR services provider file Monthly GST Return |
20th of succeeding month |
20.02.2022 |
|
GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.02.2022 |
|
GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.02.2022 |
|
GSTR -8 |
E-Commerce operator registered under GST liable to TCS |
10th of succeeding month |
10.02.2022 |
D. GSTR - 1 QRMP monthly / Quarterly return
|
Form No. |
Compliance Particulars |
Timeline |
Due Date |
|
Details of outward supply-IFF& Summary of outward supplies by taxpayers who have opted for the QRMP scheme. |
a) GST QRMP monthly return due date for the month of December, 2021 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore. b) Summary of outward supplies by taxpayers who have opted for the QRMP scheme. |
13th of succeeding month - Monthly Quarterly Return |
13.02.2022 |
E. GST Refund
|
Form No. |
Compliance Particulars |
Due Date |
|
RFD -10 |
Refund of Tax to Certain Persons |
18 Months after the end of quarter for which refund is to be claimed |
To read the full article: Click Here
CAclubindia
