An individual having salary income and no business income must file his
return not later than 30th June of the assessment year. The due date of
filing the return by an individual having business income and whose
accounts are not required to be audited under the Act is 31st August.
The return should be in the prescribed form (Saral Form). It is also
necessary to file a return to claim a refund of any excess tax paid.
You need to attach documentery support for tax deducted at source,
investments/payments made that allow you to claim deductions and tax
rebates and employer's certificate in Form 16-A.
The income tax year or assessment year is the year in which income of
the previous year is to be assessed. The financial year following a
previous year is called the assessment year in relation to that previous
year. Thus the assessment year for the previous year 1999-2000 is
2000-2001.
When both these stages are completed, an assessment is said to
have been made.
| Date |
Obligation |
Form No. |
| November 30, of the relevant
assessment year |
Submission of annual return of income/wealth for
the relevant assessment year, if the assessee is a corporate
assessee |
Income: Form No.1
Wealth: Form BA |
| November 30, of the relevant
assessment year |
Furnish audit report under section 44AB for the
relevant assessment year in the case of a corporate assessee. |
Form Nos. 3CA & 3CD |
| December 15, of each year |
Payment of second installment (in the case of an
assessee other than a company) or third installment (in the case of
a company) of advance tax for that financial year. |
No statement/ estimate is required to be submitted |
| March 15, of each year |
Payment of third installment (in the case of an
assessee other than a company) or fourth installment (in the case of
a company) of advance income-tax for that financial year |
No estimate/ statement is required to be submitted |
| April 30, of each year |
Certificate of tax deducted at source to be given
to employees in respect of salary paid and tax deducted during for
the preceding financial year ended 31 March |
Form No.16 |
| April 30, of each year |
Certificate of tax deducted at source from
insurance commission during the preceding financial year ended 31
March to be given. |
Form No.16A |
| April 20, of each year |
Consolidated certificate of tax deduction (other
than salary) during the preceding financial year ended 31 March. |
Form No.16A |
| April 30, of each year |
Submission of annual return of dividend and income
in respect of units under section 206 of the I.T. Act 1961 for the
preceding financial year ended 31 March |
Form No.26 |
| May 31, of each year |
Return of tax deduction from contributions paid by
the trustees of an approved superannuation fund |
Form No.22 |
| May 31, of each year |
Submission of annual return of winning from
lottery, crossword puzzle for the preceding financial year ended 31
March. |
Form No.26B |
| May 31, of each year |
Submission of annual return of winning from horse
races for the preceding financial year ended 31 March |
Form No.26BB |
| May 31, of each year |
Submission of annual return of salary income in
respect of salary paid during the preceding financial year ended 31
March |
Form No.24 |
| June 15, of each year |
Payment of first installment of advance tax in the
case of a company for that financial year |
No statement/ estimate is required to be submitted |
| June* 30, of each year |
Submission of annual return of income/wealth for
the relevant assessment year in case the following conditions are
satisfied:
a. the assessee is not a corporate assessee or a
b. cooperative society;
c. his total income does not include any income from a business or
profession |
Income: Form No.3/2A
Wealth: Form BA |
| June 30, of each year |
Submission of annual return of insurance commission
for the preceding financial year ended 31 March |
Form No.26D |
| June 30, of each year |
Submission of annual return of insurance commission
paid/ credited without tax deduction during preceding financial year
ended 31 March |
Form No.26E |
| June 30, of each year |
Submission of annual return of interest on
securities for the preceding financial year ended 31 March |
Form No.25 |
| June 30, of each year |
Submission of annual return of interest (not being
on securities) for the preceding financial year ended 31 March |
Form No.26A |
| June 30, of each year |
Submission of annual return of payment to
contractors / sub-contractors for the preceding financial year ended
31 March |
Form No.26C |
| June 30, of each year |
Submission of annual return of payments in respect
of deposits under National Savings Scheme, 1987 for the preceding
financial year ended 31 March |
Form No.26F |
| June 30, of each year |
Submission of annual return of payments on account
of repurchase of units by Mutual Fund or UTI for the preceding
financial year ended 31 March |
Form No.26G |
| June 30, of each year |
Submission of annual return of payment of
commission on sale of lottery tickets for the preceding financial
year ended 31 March |
Form No.26H |
| June 30, of each year |
Submission of annual return of rent for the
preceding financial year ended 31 March |
Form No.26 J |
| July 14, of each year |
Submission of statement of tax deduction from
interest or any other sum payable to non-residents during the period
April 1 to June 30 immediately preceding |
Form No.27 |
| August 31, of each year |
Submission of annual return of income/wealth for
the relevant assessment year, if the following conditions are
satisfied:
a. The assessee is neither a corporate assessee nor a co-operative
society;
b. he is not required to get his accounts audited under any law;
and
c. His total income includes income from a business/ profession.
|
Income:Form No.2
Wealth: Form BA |
| September 15, of each year |
Payment of first installment (in the case of a
non-corporate assessee) or second installment (in the case of a
corporate assessee) of advance income-tax for that financial year |
No statement/ estimate is required to be submitted |
| October 14, of each year |
Submit statement of deduction of tax from interest,
dividend or any other sum payable to non-resident during July 1 to
September 30 immediately preceding |
Form No.27 |
| October* 31, of each year |
Submission of annual return of income/wealth for
the relevant assessment year if the following conditions are
satisfied:
a. the assessee is a cooperative society or a non-corporate
assessee;
b. he is required to get his accounts audited under the income-tax
Act or under any other law. |
Income:Form No.2
Wealth: form BA |
| October 31, of each year |
Furnish audit report under Section 44AB for the
relevant assessment year, in the case of a non-corporate assessee |
Form Nos.3CA, 3CB/3CC and 3CD/3CE |
| October 31, of each year |
Submission of half-yearly return in respect of tax
collected at source during April 1 and September 30 immediately
preceding. |
Form Nos.27EA, 27EB, 27EC and 27ED |
| October 31, of each year |
Submission of annual audited accounts for each
approved programmes under section 35 (2AA) |
|
Where the last day for filing return of income/loss or any other return
under direct taxes is a day on which the office is closed, the assessee
can file the return on the next day afterwards on which the office is
open and, in such cases, the return will be considered to have been
filed within the specified time limit-Circular No.639, dated November
13, 1992.
SENSEX
Prev
Close
