Deposit of TDS/TCS
Due date for deposit of TDS/TCS for the period January, 2022 is 7th February, 2022.
Tax Collected at Source
Quarterly statement of TCS
Due date for quarterly statement of TCS for the quarter ending December 31, 2021 is 15th January, 2022
Furnishing of Form 24G
Due date for furnishing of Form 24G by an office of the Government where TDS/TCS has been paid without the production of a challan
GSTR-8
Due date for filing of GSTR-8 (GST Return to be filed by e-commerce operators collecting TCS) for period October, 2021 is 11th November, 2021.
Deposit of TDS/TCS
The due date for deposit of Tax deducted/collected for the month of November, 2021 is 7th December, 2021. Book your services @TaxHelpdesk.
GSTR-8
The due date for filing of GSTR-8 (GST Return to be filed by e-commerce operators collecting TCS) for the period October, 2021 is 11th November, 2021.
Rate Chart of TDS for FY 2021-22 AY 2022-23
The TDS rates varies from type of taxpayer and the income bracket. The rates of TDS for FY 2021-22 | AY 2022-23 are as follows:
Which Section is applicable – Section 194Q or Section 206C(1H)?
Through the Union Budget, 2021, a new section namely Section 194Q was inserted in the Income Tax Act and this section is similar to the provisions of Section 206C(1H) of the Act. This is so because both of these sections deals with same transaction of sales/purchases above Rs. 50 lacs from party whose turnover whose turnover is previous year exceeds Rs. 10 crore. Further, Section 194Q talks about deducting TDS and Section 206(1H) talks about collecting tax.
Income Tax Compliance Calendar: July, 2021
Due to the pandemic COVID-19, various dates of compliances related to Income Tax has been extended. All the due dates in of July, 2021 are: