Corporate Compliance Calendar for the m/o March, 2022

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Compliance Particulars

Due Dates

1

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 January 2022.

02.03.2022

2.

Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.

07.03.2022

3

Due date for payment of fourth installment of advance tax for FY 2021-22.

15.03.2022

4

Due date for payment of whole amount of advance tax in respect of FY 2021-22 for assessee covered under presumptive scheme of section 44AD / 44ADA.

15.03.2022

5

a) Due date for filing of return of income for the assessment year 2021-22 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A apply.

b) The due date for furnishing of return of income for Assessment Year 2021-22 has been extended to February 28, 2022, vide Circular no. 17/2021, dated 09-09-2021.

c) The due date for filing of return of income has been further extended to March 15, 2022 vide Circular No. 01/2022, dated 11-01-2022.

15.03.2022

6

Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February 2022, has been paid without the production of a challan.

15.03.2022

7

a) 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).

b) The due date for furnishing of return of income for Assessment Year 2021-22 has been extended to February 28, 2022, vide Circular no. 17/2021, dated 09-09-2021.

c) The due date for filing of return of income has been further extended to March 15, 2022, vide Circular No. 01/2022, dated 11-01-2022.

15.03.2022

8

Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, and 194M in the month of February 2021.

17.03.2022

9

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 February, 2022

30.03.2022

10

Country-By-Country Report in Form No. 3CEAD for the previous year 2020-21 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent of such group.

Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2020, to March 31, 2021) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for the exchange of the report, etc.

31.03.2022

11

Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before March 31, 2021).

The due date for filing of belated/revised return of income for the assessment year 2021-22 has been extended to March 31, 2022, vide Circular no. 17/2021, dated 09-09-2021.

31.03.2022

12

"Due date for linking of Aadhaar number with PAN"

The due date for linking of Aadhaar number with PAN has been extended to March 31, 2022, vide Notification S.O. 3814(E), dated 17-9-2021.

31.03.2022

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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

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

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Particulars of the Notification(s)

File No. / Circular No.

Link(s)

1.

Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia's DTAAs with certain countries- Reg.

Circular No. 03/2022

Click Here

2.

Amendmentin the notification of the Government of India, Ministry of Finance (Department ofRevenue), Number 89 of 2020

Notification No. 11/2022

Click Here

3.

Setting up of office for operationalizing Interim Boards for Settlement- reg.

F No. 189/01/ 2021– ITA-I

Click Here

4.

- Order under section 119 of the Income-tax Act. 1961 for exercise all Dower ofsurvey u/s 133A of the Income-tax Act. 1961 and in pursuance of The Taxation andOther Laws (Relaxation and Amendment of Certain Provisional Act. 2020 – regarding

F No. 187/03/ 2020– ITA-I

Click Here

5.

Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia's DTAAs with certain countries- Reg.

Circular No. 03/2022

Click Here

6.

Notification No. 11/2022 may be read as Notification No.12/2022.

Notification No. 13/2022

Click Here

7

Budget 2022-2023: Speech of NirmalaSitharaman

Budget 2022-23

Click Here

Tax period

Due Date

No interest payable till

Particulars

February, 2022

20^thMarch,

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

Tax period

Due Date

No interest payable till

Particulars

February, 2022

22^nd March,

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, Lakshadweep

Tax period

Due Date

No interest payable till

Particulars

February, 2022

24^thMarch,

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

Tax period

Due Date

Particulars

February, 2022

25^thMarch,

2022

Due Date for Payment of Tax Liability for the taxpayer with Aggregate turnover up to INR 5 crores during previous year and who has opted for Quarterly filing of return under QRMP.

Tax period

Due Date

Remarks

Monthly return

(February, 2022)

11.03.2022

"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"

Form No.

Compliance Particulars

Timeline

Due Date

GSTR-5 & 5A

Non-resident ODIAR services provider file Monthly GST Return

20th of succeeding month

20.03.2022

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.03.2022

GSTR -7

Return for Tax Deducted at source to be filed by Tax Deductor

10th of succeeding month

10.03.2022

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.03.2022

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 February, 2022 (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

13.03.2022

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