Statutory Compliance Dates for May 2016.

05-05-2016 – (if payment done online then 06-05-2016)- Service Tax / Excise Monthly Payment.

07-05-2016 – Deposit of Tax deducted in the month of April, 2016.

07-05-2016 – Deposit of Tax deducted under Section 194-IA in the month of April, 2016.

10-05-2016 – Excise Monthly Return.

15-05-2016 – PF Monthly Payment.

15-05-2016 –TDS Quarterly Returns for the fourth quarter of F.Y. 2015-16.

20-05-2016- VAT / CST payment for the previous month.

21-05-2016 – ESI Monthly Payment.

22-05-2016 – Issue of TDS Certificate for tax deducted under Section 194-IA in the month of April,2016.

25-05-2016 – PF Monthly Return.

30-05-2016 – Issue of Quarterly TDS Certificate on Form No. 16A ( in respect of tax deducted for payments other than salary ) or quarterly TCS Certificate on Form No. 27D ( in respect of tax collected ) during the quarter ending March 31, 2016.

30-05-2016 –LLP- Annual Return-Form 11

31-05-2016 – ​Due date to furnish statement of reportable accounts (in Form No. 61B) for calendar year 2015 by reporting financial institutions.

31-05-2016-   Issue of TDS Certificate pertaining to TDS on salary (Form No. 16).

 

Statutory Compliance Dates for March 2016.

05-03-2016 – (if payment done online then 06-03-2016)- Service Tax / Excise Monthly Payment.

07-03-2016 – Deposit of Tax deducted in the month of February, 2016.

07-03-2016 – Deposit of Tax deducted under Section 194-IA in the month of February, 2016.

10-03-2016 – Excise Monthly Return.

15-03-2016 – PF Monthly Payment.

15-03-2016 – Payment of Advance Income Tax (the whole of the estimated tax)

20-03-2016- VAT / CST payment for the previous month.

21-03-2016 – ESI Monthly Payment.

22-03-2016 – Issue of TDS Certificate for tax deducted under Section 194-IA in the month of February,2016.

25-03-2016 – PF Monthly Return.

25-03-2016 – UP VAT payment for the tax period ending upto 20th March

31-03-2016 –Service Tax Payment for the month /quarter ending March.

31-03-2016 – Last Date to file Income Tax Return for the Assessment Year 2015-16 without penalty.

 

BUDGET-1

BUDGET-2

 
  • To enact law to give statutory backing to AadhaarCcW1em6UkAAI63v
  • Create new infra for irrigation, value addn to farm-mkt connectivity
  • Proposed Rs 2.87 lakh cr as grants to rural local bodies in FY17
  • Rs. 38000 crore proposed to be spent on MANREGA in FY 16-17
  • Rs 2,000 Crores allocated to provide LPG connections to poor families
  • Proposed to exempt parts of dialysis equipment from basic customs duty.
  • Govt to pay 8.33% for new employees towards EPFO contribution for 3 years.
  • Sec. 80JJAA deduction extended from only manufacturing units to all assessees who are subject to tax audit
  • Rs. 1700 crores allocated for Skill India Mission under Pradhan Mantri Kaushal Vikas Yojna
  • 100% FDI to be allowed in marketing of food products manufactured and produced in India
  • Aadhaar bill to be introduced in current session of parliament
  • Registration of Companies should be given in one day – Companies Act proposed to be amended
  • Relief under Section 87A proposed to be increased from Rs. 2,000 to Rs. 5,000
  • Deduction under Section 80GG for individuals paying rent but not receiving HRA proposed to be increased from Rs. 24,000 to Rs. 60,000.
  • Turnover limit of presumptive taxation Scheme increased to 2 crores
  • Presumptive taxation scheme introduced for all professionals with receipts up to Rs. 50 lakhs.
  • Reduction in corporate tax – New manufacturing companies after March 1, 2016 have to pay tax at 25%
  • Corporate tax reduced to 29% for small business having turnover less than 5 crores
  • 40% Withdrawal from Super Annuation Funds proposed to be tax exempt
  • Proposed to provide tax exemption on withdrawal of 40% from national pension Scheme at the time of retirement
  • Krishi Kalyan Cess 0.5%to be levied on all taxable services
  • Additional exemption of Rs. 50,000 for housing loans up to Rs. 35 lakh, provided cost of house is not above Rs. 50 lakh
  • Surcharge raised from 12 to 15% on incomes above 1 Crore
  • Excise duty on branded ready made garments rised to 6% without input credit from Nil
  • Proposed to increase excise duty on tobacco products from 10% to 15%
  • A new dispute resolution scheme is introduced, no penalty upto disputed amount of 10 lacs
  • Services provided by EPFO exempted from service tax
  • FM has announced introduction of one time dispute resolution Scheme for cases already pending due to retro-amendment
  • 11 news benches of CESTAT proposed to be setup
  • Proposed to introduce limited period compliance window for domestic taxpayer to declare domestic black Money
  • Proposed to amend Section 14A; disallowance under Sec. 14A should not increase the actual expenditure
  • Proposes to rationalize TDS provisions
  • No higher withholding tax if non-resident does not have PAN but furnishes an alternative document
  • 10% Tax on Dividend in excess of Rs. 10 Lakh in the hand of  recipient.
  • No DDT on REITs
  • STT For Option Proposed to Hike to 0.05%
 

Click on our website “www.godhwanni.in” to know

whats DEARER and whats CHEAPER after the BUDGET 2016.

Check all the budget updates on our website “www.godhwanni.in

BUDGET 2016

 

 

Statutory Compliance Dates for July 2015.

05-07-2015 – (if payment done online then 06-07-2015)- Service Tax / Excise- Quarterly/Monthly Payment.

07-07-2015 – TDS / TCS Monthly Payment .

10-07-2015-  Excise Monthly Return.

15-07-2015-  PF Monthly Payment.

15-07-2015 – TDS/TCS Quarterly Return for the Quarter 01-04-2015 to 30-06-2015.

20-07-2015-  UPVAT / CST Monthly/Quarterly Payment and Monthly/Quarterly Return.

21-07-2015 – ESI Monthly Payment.

25-07-2015 – PF Monthly Return.

30-07-2015 – Issue of TDS / TCS Certificates in respect of Tax Deducted at Source (other than salary) or tax collected between 1-4-2015 and 30-6-2015.

 

DUE DATES – JUNE,  2015

05-06-2015 – (if payment done online then 06-06-2015) – Service Tax / Excise Monthly Payment.

07-06-2015 – TDS / TCS payment of the Tax deducted in the month of May, 2015.

10-06-2015 – Excise Monthly Return.

15-06-2015 – PF Monthly Payment.

15-06-2015 – Advance Tax – First Instalment (For Corporate entities.)

20-06-2015 – VAT / CST Monthly Payment and Monthly Return.

21-06-2015 – ESI Monthly Payment.

22-06- 2015 – Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of May, 2015.

25-06-2015 – PF Monthly Return.

The same dates can also be viewed on our website

 “www.godhwanni.in” 

throughout the month.

 

DUE DATES – NOVEMBER,  2014

05-11-2014 – (if payment done online then 06-11-2014) – Service Tax / Excise Monthly Payment.

07-11-2014 – TDS / TCS payment.

10-11-2014 – Excise Monthly Return.

15-11-2014 – PF Monthly Payment.

14-11-2014 – Service Tax Return for the period 01-04-2014 to 30-09-2014.

15-11-2014 – Issue of Quarterly TDS Certificates (in respect of tax deducted for payments other than salary) by a person being an office of the                               Government for the quarter ending September 30, 2014.

20-11-2014 – VAT / CST Monthly Payment and Monthly Return.

21-11-2014 – ESI Monthly Payment.

22-11- 2014 – Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of October, 2014

25-11-2014 – PF Monthly Return.

30-11-2014 – Income tax returns for Tax Audit Assessees and Companies other then Transfer Pricing Audits.

The same dates can also be viewed on our website

 “www.godhwanni.in” 

throughout the month.

 
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DUE DATES – SEPTEMBER,  2014

05-09-2014 – (if payment done online then 06-09-2014) – Service Tax / Excise Monthly Payment.

07-09-2014 – TDS / TCS payment.

10-09-2014 – Excise Monthly Return.

15-09-2014 – PF Monthly Payment.

15-09-2014 – Advance Tax (2nd Installment for Corporate Entities and 1st for others)

20-09-2014 – VAT / CST Monthly Payment and Monthly Return.

21-09-2014 – ESI Monthly Payment.

25-09-2014 – PF Monthly Return.

30-09-2014 – Income tax returns for Tax Audit Assessees and Companies other then Transfer Pricing Audits.

The same dates can also be viewed on our website

 “www.godhwanni.in” 

throughout the month.

 

Happy Independence Day.

INDIA

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