Income Tax



Particulars Periodicity Cut-off Date Remarks Late Filing Penalty
Payment of Advance Tax Quarterly 15th of June, September, December & March In case of assessees other than Company, Advance tax is not payable on 15th June. Interest at the prescribed rates
Assessees covered under Audit u/s 44AB & Working partners of the firm Annual 30th September of Succeeding FY   Rs. 5,000 if the return is filed after end of Assessment Year along with Interest
Income Tax and Wealth Tax Return for Companies & Auditable Cases Annual 30th September of Succeeding FY   Rs. 5,000 if the return is filed after end of Assessment Year along with Interest
Income Tax Return by Corporate Assessees, who have undertaken International Transactions Annual 30th November of Succeeding FY   Rs. 5,000 if the return is filed after end of Assessment Year along with Interest
Income Tax Return of Public Religious/Charitable Trust Annual 30th September of Succeeding FY   Rs. 5,000 if the return is filed after end of Assessment Year along with Interest
Income Tax Returns of all assessees not covered under audit u/s 44AB Annual 31st July of Succeeding FY Assessees availing area based exemption Under Notification No. 49/2003 or 50/2003, the cut-off date is 20th of Rs. 5,000 if the return is filed after end of Assessment Year along with Interest
Intimation of Change of Period Annual 15th April of Succeeding FY   N.A.
Obtaining Tax Audit Report U/s. 44AB of Income Tax Act Annual 30th September of Succeeding FY   Rs. 1,50,000 or 0.5% of Turnover, Whichever is higher
Submission of 15G/15H Annual 7th April of current PY   N.A.
TDS Certificates Quarterly Not Applicable   N.A.
TDS payment Monthly 7th of Succeeding Month   Interest at the prescribed rates
TDS Return Quarterly Last day of Succeeding Month For Quarter ending March, Cut-off date is 15th May Rs. 200 per day, upto 100% of TDS liability