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Home»NEWS»Save this calendar of income tax, there will not be any problem for the whole year
NEWS

Save this calendar of income tax, there will not be any problem for the whole year

Bhagyashree SoniBy Bhagyashree SoniApril 1, 2021No Comments3 Mins Read
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Save this calendar of income tax, there will not be any problem for the whole year
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April 2 is Good Friday holiday this month. April 21 is the holiday of Ram Navami and on April 25, it is the holiday of Mahavir Jayanti along with Sunday.

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Calendar Year 2021 has been released by the Income Tax Department. This calendar is very important from a financial perspective. The new financial year (2021-22) has started from today. April 2 is a holiday for Good Friday. April 21 is the holiday of Ram Navami and on April 25, it is the holiday of Mahavir Jayanti along with Sunday.

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May

In the month of May, on the 14th and 26th, there is a holiday of Eid-il-Fitur and Buddha Purnima. 15 May to March is the last date for submission of quarterly statement for tax collection at source ie TCS. May 31 is the last date for submission of financial transaction statement under section 285BA under the financial year 2020-21.

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June

The month of June is important for many things. The deadline for depositing the first installment of advance tax for the financial year 2021-22 is June 15. Apart from this, there is a last date to give TDS certificate or Form 16 to the employee for assessment year 2021-22. Apart from this, it is also the last date to submit the quarterly TDS certificate for the quarter ended on 31 March.

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July

July 21 is the holiday of Eid-ul-Juha (Bakrid). July 15 is the last date for submission of TCS statement for the quarter ending on June 30. 30 July is the last date for submission of TCS certificate. 31 July is the last date for submission of TDS deposits for the June quarter. Apart from this, the last date for filing returns for the financial year 2020-21 is 31 July. However, if it is a corporate taxpayer or if there is a need to audit someone’s account, then they will have a chance further.

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August

August 15 is the holiday of Independence Day. Muharram is on 19 August and Janmashtami is on 30 August. Apart from this, 15 August is the last date for submission of TDS certificate (other than salary) for the June quarter.

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September

September 15 is the last date for submission of the second installment of advance tax for the financial year 2021-22.

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October

October 2 is the holiday of Mahatma Gandhi Jayanti. On October 15, Dussehra and October 19 is the holiday of Milad-un-Nabi. Apart from this, the deadline for submission of TCS statement for the September quarter is 15 October. 30 October is the deadline for submission of TCS certificate. 31 October is the deadline for submission of TDS statement for the September quarter. Corporate taxpayers and those whose accounts need to be audited by 31 October will have to file a return.

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November

Diwali is on the 4th in the month of November. November 19 is Guru Nanak Jayanti. The deadline for submission of TDS certificate for the September quarter is 15 November. If there is an international transaction of any taxpayers for the financial year 2020-21, then the deadline for filing returns for it is 30 November.

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December

Christmas is a holiday on the 25th of December. 15 December is the last date for submission of the third installment of advance tax for the financial year 2021-22.

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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