Income Tax compliances in August, 2021 as declared by the Central Board of Direct Taxes are stated in this blog.
Please note that non-compliance with the various filing can lead to heavy penalties. Therefore, make sure that you comply with these compliances before the end of the due date.
Various Income Tax Compliances in August
The list of various Income Tax compliances in August, 2021 are as follows:
– Firstly, the deposit of TDS/TCS
– Secondly, equalisation levy payment on ‘specified services’
– Thirdly, issue of TDS Certificate under Section 194-IA, 194-IB and 194M
– Fourthly, furnishing of Form 24G by office of Government where TDS/TCS has been paid without challan
– Fifthly, issuing of quarterly TDS Certificate (other than salary)
– Sixthly, filing of Form 33B by a stock exchange in respect of transactions in which clients’ codes modified after registering in the system.
– Seventhly, a deposit of TDS under Section 194-IA, 194-IB and 194M
– Lastly payment of tax under the Direct Tax Vivad Se Vishwas Act, 2020 without additional charge
Due Dates for Income tax Compliances in August, 2021
The due dates for above stated Income Tax Compliances in August are as follows:
| Period | Form to be filed | Particulars | Due Date |
|---|---|---|---|
| July 2021 | Challan No. ITNS-281 | Payment of TDS/TCS deducted /collected in May 2021. | 07.08.2021 |
| June 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IA in the month of April, 2021 | 14.08.2021 |
| June 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194IB in the month of April, 2021 | 14.08.2021 |
| June 2021 | TDS Certificate | Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of April, 2021 | 14.08.2021 |
| July 2021 | Form 24G by Government officer | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of July, 2021 has been paid without the production of a challan | 15.08.2021 |
| July 2021 | Form No. 3BB | Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of July, 2021 | 15.08.2021 |
| April to June 2021 | TDS Certificate | Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2021 | 15.08.2021 |
| July 2021 | TDS Challan-cum-statement | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194 IB, 194M | 30.08.2021 |
| April to June 2021 | Form No. 15CC | The Quarterly statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances (Due date extended from 31st July 2021) | 31.08.2021 (As Extended) |
| FY 2020-21 | Form No.1 | The Equalization Levy Statement in Form No.1 for the Financial Year 2020- 21 (Due date extended from 31st July 2021) | 31.08.2021 (As Extended) |
| – | Payment of tax | Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional charge (Due date extended from 30th June 2021 to 31st August 2021) | 31.08.2021 (As Extended) |
Also Read:
GST Compliances For August, 2021
Income Tax Compliance Calendar: July, 2021
Extension Of Due Dates Due To COVID-19
Due Dates For Compliances In June, 2021
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