1. Compliance requirement under Income Tax act, 1961
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Sl. |
Compliance Particulars |
Due Dates |
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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 |
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2. |
Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. |
07.03.2022 |
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3 |
Due date for payment of fourth installment of advance tax for FY 2021-22. |
15.03.2022 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
Income Tax Due Date - Extensions
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Sl. |
Nature of Extension |
Provisions / Forms of IT Act 1961 |
Earlier Due Date |
Extended Due Date |
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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 |
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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 |
Important Notifications - For the month of February - 2022
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Sl. |
Particulars of the Notification(s) |
File No. / Circular No. |
Link(s) |
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1. |
Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia's DTAAs with certain countries- Reg. |
Circular No. 03/2022 |
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2. |
Amendmentin the notification of the Government of India, Ministry of Finance (Department ofRevenue), Number 89 of 2020 |
Notification No. 11/2022 |
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3. |
Setting up of office for operationalizing Interim Boards for Settlement- reg. |
F No. 189/01/ 2021– ITA-I |
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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 |
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5. |
Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol toIndia's DTAAs with certain countries- Reg. |
Circular No. 03/2022 |
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6. |
Notification No. 11/2022 may be read as Notification No.12/2022. |
Notification No. 13/2022 |
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7 |
Budget 2022-2023: Speech of NirmalaSitharaman |
Budget 2022-23 |
2. Compliance Requirement under GST, 2017
A. Filing of GSTR 3B
a) Taxpayers having aggregate turnover >Rs. 5 Cr. in preceding FY
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Tax period |
Due Date |
No interest payable till |
Particulars |
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February, 2022 |
20thMarch, 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)
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Tax period |
Due Date |
No interest payable till |
Particulars |
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February, 2022 |
22nd 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 |
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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 |
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c) Taxpayers having aggregate turnover uptoRs. 5 crores in preceding FY (Group B)
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Tax period |
Due Date |
No interest payable till |
Particulars |
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February, 2022 |
24thMarch, 2022 |
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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 |
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c) GST payment for the month of February 2022 under QRMP scheme.
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Tax period |
Due Date |
Particulars |
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February, 2022 |
25thMarch, 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. |
B. Filing Form GSTR-1
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Tax period |
Due Date |
Remarks |
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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" |
C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
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Form No. |
Compliance Particulars |
Timeline |
Due Date |
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GSTR-5 & 5A |
Non-resident ODIAR services provider file Monthly GST Return |
20th of succeeding month |
20.03.2022 |
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GSTR -6 |
Every Input Service Distributor (ISD) |
13th of succeeding month |
13.03.2022 |
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GSTR -7 |
Return for Tax Deducted at source to be filed by Tax Deductor |
10th of succeeding month |
10.03.2022 |
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GSTR -8 |
E-Commerce operator registered under GST liable to TCS |
10th of succeeding month |
10.03.2022 |
D. GSTR - 1 QRMP monthly / Quarterly return
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Form No. |
Compliance Particulars |
Timeline |
Due Date |
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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 |
E. GST Refund
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Form No. |
Compliance Particulars |
Due Date |
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RFD -10 |
Refund of Tax to Certain Persons |
18 Months after the end of quarter for which refund is to be claimed |
Major Update:
- Attention: Window to opt in for composition for the FY 2022-23 is made available at GST Portal. The eligible taxpayers, who wish to avail the composition scheme may opt in for composition before 31stMarch 2022.
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