Blogger templates

Monday, April 25, 2011

Income Tax Quarter -4 Due Dates for F/Y 2010-11

Friends,
Here are some important dates regarding fourth quarter Income Tax Return to be filed on line and issue of Form 16 and Fomr 16-A.

   1. Due date to tax deducted in March 2011 is 30.04.2011

   2. Etds return due date for salary Q4 (01.04.2011 to 31.03.2011) (form 24 Q) is 15.05.2011

   3. Etds return due date for other than salary (01.04.2011 to 31.03.2011)  (26q) is 15.05.2011

   4. Due date for form 16(salary) Fy 2010-11 is 31.05.2011

   5. Due date for Form 16A quarter four (01.04.2011 to 31.03.2011) is 30.05.2011

Please note all date and make sure that you are on time in each case.

Due date to deposit the tax deducted on amount/Income paid in March 2011 and Tax deducted on provisions created in March 2011 is 30.04.2011. This is as per notification 41/2010 dated 31.05.2010.

Old rule :Many people have a doubts regarding the due date for tds payment in March month. In old rules due date for tax deducted in month of march was 7 April and date to deposit tds deducted on provision on last day of financial year was 31.05 of next financial year.

But these rule has been amended and as per latest rule for tds deducted in march 2011 ,due date to deposit tax is 30.04.2011.
So this is the last week to deposit tax i.e. on or before 30.04.2011.

New rule is reproduced here under.

“Time and mode of payment to Government account of tax deducted at source or tax paid under sub­ section (1A) of section 192. 

Rule :30.                                                          


(1) All sums deducted in accordance with the provisions of Chapter XVII‐B by an office of the Government shall be paid to the credit of the Central Government ‐


(a) on the same day where the tax is paid without production of an income‐tax challan; and

(b) on or before seven days from the end of the month in which the deduction is made or income‐tax is due under sub‐section (1A) of section 192, where tax is paid accompanied by an income‐tax challan.


(2)  All  sums  deducted  in   accordance  with   the   provisions  of   Chapter XVII‐B by deductors other  than  an  office  of  the  Government  shall  be  paid  to  the  credit  of  the  Central Government ‐

    * (a)  on or before 30th  day of April where  the  income or  amount  is  credited or paid in the month of March; and
    * (b)  in any other case, on or before seven days from the end of the month in which‐ 
          o    (i)  the deduction is made; or 
          o   (ii)  income‐tax is due under sub‐section (1A) of section 192.

(3)    Notwithstanding  anything  contained  in  sub‐rule  (2),  in  special  cases,  the  Assessing Officer  may,  with  the  prior  approval  of  the  Joint  Commissioner,  permit  quarterly payment  of  the  tax  deducted  under  section  192  or  section  194A  or  section  194D  or section  194H  for  the  quarters  of  the  financial  year  specified  to  in  column  (2)  of  the Table below by the date referred to in column (3) of the said Table:‐

Sr. No.               Quarter of F/Y ended              Date of Payment

1                                30th June                               7th July    
2                            30th September                       7th October
3                            31st December                         7th January
4                               31st Martch                            30th April


Don't Download any thing before free Registration HERE and check your Inbox for clicking on activation link of Feed Burner to get regular updates and JOB ALERTS.

Blogger news

Labels

Infolinks