A new year has begun and the income tax department has issued a new e-calendar for the year 2021. The calendar lists all the important tax-related deadlines. Designed as the ‘Honoring the honest’ calendar, the income tax department in an email sent to the taxpayers wrote, “Welcome to a new era where tax system is becoming seamless, faceless and paperless. Every taxpayer is a nation builder. “Here is a calendar to make your tax journey simpler and easier.”
Here are all the important dates you need to know from income tax perspective in 2021:
7 January 2021 – Due date for deposit of Tax deducted/collected for the month of December, 2020. However, all the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan
7 January 2021 – Due date for deposit of TDS for the period October 2020 to December 2020 when Assessing Officer has permitted quarterly deposit of TDS under section 192, section 194A, 194D or 194H
10 January 2021 – Return of income for the assessment year 2020-21 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or (d) an assessee who is required to furnish a report under section 92E.
Note: The due date for filing of return has been extended to January 10, 2021 vide Press Release, dated 30-12-2020.
14 January 2021 –Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2020
14 January 2021 – Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2020
14 January 2021 – Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 2020
15 January 2021 – Due date for furnishing of various audit reports including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21.
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending December, 2020
15 January 2021 – Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2020
30 January 2021 – Quarterly TCS certificate in respect of quarter ending December 31, 2020
30 January 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 2020
30 January 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2020
30 January 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of December, 2020
31 January 2021 – Quarterly statement of TDS for the quarter ending December 31, 2020
31 January 2021 – Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2020
31 January 2021 – Intimation under section 286(1) in Form No. 3CEAC, by a resident constituent entity of an international group whose parent is non-resident
31 January 2021 – Furnishing of declaration to opt for Vivad se Vishwas Scheme.
7 February 2021 – Due date for deposit of Tax deducted/collected for the month of January, 2021. However, all the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan
14 February 2021 – Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of December, 2020
14 February 2021 – Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of December, 2020
14 February 2021 – Due date for issue of TDS Certificate for tax deducted under section 194M in the month of December, 2020
15 February 2021 – Due date for filing of return of income for the assessment year 2020-21 if the assessee is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or (d) required to submit a report under section 92E pertaining to international or specified domestic transaction(s).
15 February 2021 –Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January, 2021 has been paid without the production of a challan
15 February 2021 – Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending December 31, 2020.
March 15: Fourth installment of advance tax for the AY 2021-22
March 31: Last date for filing belated or revised return of income for AY 2020-21
March 31: Quarterly statements of TDS/TCS Deposited for Q1 & Q2 of FY 2020-21
March 31: Last date for payment under Vivad Se Vishwas Scheme without additional levy
March 31: Last date for Linking Aadhaar with PAN
May 15: Quarterly statement of TCS deposited for the quarter ending March 31, 2021
May 31: Quarterly statement of TDS deposited for the quarter ending March 31, 2021
May 31: Due date for furnishing of statement of financial transaction u/s 285BA in respect of FY 2020-21
June 15: First installment of advance tax for AY 2022-23
June 15: TDS Certificate-Form 16 to employees (in respect of salary paid) for AY 2021-22
June 15: Quarterly TDS certificate (other than salary) for the quarter ending March 31, 2021
July 15: Quarterly statement of TCS deposited for the quarter ending June 30, 2021
July 30: Quarterly TCS certificate for the quarter ending June 30, 2021
July 31: Quarterly statement of TDS deposited for the quarter ending June 30, 2021
July 31: ITR for AY 2021-22 for all assessees other than (a) corporate assessee or (b) non-corporate assessee who is liable to get his accounts audited or (c) assessee who has entered into an international or specified domestic transaction
August 15: Quarterly TDS certificate (other than salary) for the quarter ending June 30, 2021
September 15: Second installment of advance tax for AY 2022-23
September 30: Audit Report for AY 2021-22 in case of assessee who has not entered into an international or specified domestic transaction
October 15: Quarterly statement of TCS deposited for the quarter ending September 30, 2021
October 30: Quarterly TCS certificate for the quarter ending September 30, 2021
October 31: Quarterly statement of TDS deposited for the quarter ending September 30, 2021
October 31: ITR for AY 2021-22 for assessees (not having an international or specified domestic transaction) who is (a) corporate assessee or (b) non-corporate assessee whose books are required to be audited
October 31: Audit report for AY 2021-22 in respect of assessee having an International or specified domestic transaction
November 15: Quarterly TDS certificate (other than salary) for the quarter ending September 30, 2021
November 30: ITR for AY 2021-22 in respect of assessee having an international or specified domestic transaction
December 15: Third instalment of advance tax for AY 2022-23