Income Tax Calendar 2014-15

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At present, every earning person is liable to file tax returns, irrespective of the fact that whether he / she is liable to tax or not. Filing of Return is mandatory. Therefore, the tax payer i.e. Assessee must know each and every detail about filing the different tax returns. The complete information about a whole Assessment Year is very helpful to the Assessee for filing of return on time and to be safe from paying late fee and penalties. By knowing the due dates of filing returns, the Assessee can plan for Tax saving also. All the important dates regarding Income Tax AY Assessment Year 2014-15 and PY Previous Year 2013-14 (i.e. Deadliness, Due dates, Last dates etc.) are as follows:

Income Tax Calender 2014-15 P.Y.2013-14 Due dates & Deadlines

  1. 15th May 2014:  Quarterly Statement of TDS (Tax Deducted at Source) on Salaries / Perquisites, interests & dividends, other payments (January to March 2014).
  2. 30th May 2014:  TDS (Tax Deducted at Source) Certificates in respect of TDS on payments other than Salaries deducted from 1st January 2014 to 31st March 2014.
  3. 31st May 2014:  TDS (Tax Deducted at Source) Certificates in respect of TDS on Salaries deducted during whole year 2013-14. And Application for allotment on PAN (Permanent Account Number).
  4. 15th June 2014:  Due date for First installment of Advance Tax for companies up to 15%
  5. 15th July 2014:  Quarterly Statement of TDS (Tax Deducted at Source) on Salaries or Perquisites, interests & dividends, other payments.
  6. 30th July 2014:  TDS (Tax Deducted at Source) Certificates in respect of TDS on payments except Salaries deducted from 1st April 2014 to 30th June 2014.
  7. 31st July 2014:  Due date to file Return of Income for Assessment Year 2014-15 for Salaried Employees as well as other individuals who have incomes other than income from business. And for the Assessee other than company, who have business income.
  8. 31st August 2014:  Annual Information Return for 2013-14.
  9. 15th September 2014:  Due date for First installment of Advance Tax for Assessee other than company up to 30%. And the Second installment for companies up to 45%.
  10. 30th September 2014:  i) Due date  to get audited the books of accounts, To achieve Tax-audit report. And ii) Due date to file Return of Income for Assessment Year 2014-15 for Assessee except company who have business income and also required to get audited the books of accounts. And iii) Also the active partners whose firms are bounded to be audited their books of accounts. And iv) Filing of Return of Income for Assessment Year 2014-15 for the Assessee including companies who claim exemptions under various sections.
  11. 15th October 2014:  Quarterly Statement of TDS (Tax Deducted at Source) on Salaries / Perquisites, interests & dividends, other payments (July to September 2014).
  12. 30th October 2014:  TDS (Tax Deducted at Source) Certificates in respect of TDS on payments other than Salaries deducted from 1st July 2014 to 30th September 2014.
  13. 30th November 2014:  The Return of Income for Assessment Year 2014-15 for companies and non-company assessee, to submit the Audit Report.
  14. 15th December 2014:  Deadline for Second installment of Advance Tax for Assessee except company up to 60%. And the Third installment for companies up to 75%.
  15. 15th January 2014:  Quarterly Statement of TDS (Tax Deducted at Source) on Salaries or Perquisites, interests & dividends, other payments (October to December 2014).
  16. 30th January 2014:  TDS (Tax Deducted at Source) Certificates in respect of TDS on payments except Salaries deducted from 1st October 2014 to 31st December 2014.
  17. 15th March 2014:  Due date to pay Last installment of Advance Tax for all Assessee up to 100%.
bhatt8Income Tax Calendar 2014-15

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