Skip to main content

Income Tax Return Filing Due Dates for FY 2017-18 | Audit | Certicom

What is Income Tax?

The income tax department has released notices about the extension of the latest income tax return filing  date from July 31 to August 31 for individual taxpayers. There are two types of levy taxes, namely the second direct tax is indirect tax. Income tax is a direct tax that can be directly attributed to income from the assessed party. Income generated from various income heads is. Balance, Home property, Business, Capital and Income Profits from other sources. The Valuer must pay income tax if the total income is after allowing Chapter VI-A to deduct more than the limit of taxable income.
Archive Income Tax Income Tax Notification for 2017-18 TA (AY 2018-19)
There are different categories of taxpayers, namely. Individuals, HUF, Companies, LLP, Companies, Trusts and AOP/BOI. The Due Date differs according to the audit or non-audit case of the category as defined in article 139 (1)
Last Date of Income Tax Returns for AY 2018-19 (Non-Audit Case)
  • The due date for submission of Income Tax Returns by Assess whose Account Books are not required to be audited is August 31, 2018.
Note:
  • The deadline is extended for AY 2018-19 for certain categories.
  • Maturity Date has been extended in Kerala as a tweet by the finance ministry “Reserves caused by severe flooding in Kerala, CBDT encourages Due Date to provide Income Tax Returns from 31 August 2018 to 15 September 2018 for all income tax assessors in Kerala, which is responsible for submitting their IT Returns before August 31 2018. “
Archive Tax Income Tax Return Date for AY 2018-19 (Audit Case)
The deadline for filing income tax returns by Assesse is 30 September 2018.
  • Company
  • A person (other than a company) whose account must be audited based on this law or based on other laws currently in effect, or
  • Working partners of companies whose accounts must be audited under this law or under any law currently apply
Last Date of Return on Income Tax Returns for AY 2018-19
(The appraiser who is asked to give a report under 92E seconds)
  • The due date for the submission of Income Tax Returns by Assess requested to submit a report below 92E seconds is 30 November 2018.
Advanced Income Income Tax Submission Deadline TA 2018-19
If the tax liability is more than Rs 10,000 in one financial year, the tax in advance must be paid by the appraiser.
June 15 (15%) | September 15 (45%) | December 15 (75%) | March 15 (100%)
Assessors covered in section 44AD, are also required to pay taxes in advance or before the 15th of March of the previous year.

Comments

Post a Comment

Popular posts from this blog

Due Date For Filing ITR | Audit Reports Extended By 15 Days | Certicom

Due Date For Filing Income Tax Return, Audit Reports Extended By 15 Days The taxman last month announced the extension of the maturity date of September 30 by a similar 15 days.  The Government on Monday extended the due date for submission of income tax returns (ITR) and audit reports. The Direct Tax Center Board, the top policy-making body of the Income Tax Department, said the due date for filing  income tax returns  and the audit report for Assessments 2018-19 (2017-18 financial year) is October 31, 2018 for certain. taxpayer category. Monday’s step marks the second extension given by the  Direct Tax  Center Council to assessors whose bookkeeping must be audited. The move comes after the tax officer considers representation from stakeholders, he said in a statement. The taxman last month announced the extension of the maturity date on September 30 by the same 15 days, until  October 15, 2018 . Submission of income tax returns by paid taxpayers and those choosing the Estim
1 comment
Read more

Benefits of Filing ITR on Time - Avoid Penalties & Other Benefits | Certicom

Benefits of Filing Income Tax Return on time – AY 2018-19 1. Easy Loan Approval Registration of  ITR  will help individuals, when they need to apply for a vehicle loan (2-wheeler or 4-wheeler), mortgages, etc. All major banks can request a copy of the tax return 2. Claim tax refund If you have a refund for your  income tax , you will need to submit a tax return to claim the refund. 3. Income and address of evidence Income tax can be used as proof of income and address. 4. Quick Visa Processing Most embassies and consulates must submit a copy of your tax return in the past two years when a visa application is submitted. 5. Forward your loss If you sign up again within the due date, you will be able to claim losses over the next few years, which can be used to receive income from subsequent years. 6. Avoid penalties If you have to return your tax return, you will not be entitled to tax, up to Rs.5,000. 7. Refer to and earn up to Rs. 3000 Refer and get Rs
Post a Comment
Read more

KYC non-compliance

Govt deactivates ID numbers of 2.1 million directors The government began the process of deactivating the identification numbers of almost 2.1 million directors of companies that did not comply with KYC standards, according to a senior official. The director’s identification numbers (DIN), a unique number assigned to people who are eligible to be directors at meetings of registered companies, are being deactivated. They will be reactivated after paying a fee of 5,000 rupees along with the required form and the affected people could also face a lawsuit. The latest movement of the  Ministry of Corporate Affairs  also comes at a time when the government has intensified the crackdown on the front companies, which are suspected conduits for illicit cash flows. In June, the ministry decided to carry out the KYC process (Know Your Client) for all directors, including those who have been disqualified. The last date to comply with the new rules by sending the form ‘ DIR-3 KYC ‘ witho
Post a Comment
Read more