Skip to main content

Obligation for the Month of May

By
DateActApplicable FormObligation
06/05/2016Service TaxChallan No.GAR-7E-Payment of Service Tax for April by Cos
07/05/2016Income TaxForm No.27C (TCS)Submission of Forms received in Apr to IT Commissioner
07/05/2016Income TaxChallan No.ITNS-281, Form 26QB (Purchase of Property)Payment of TDS/TCS deducted/collected in Apr
10/05/2016ExciseER-1Return for Non SSI assessees for Apr
10/05/2016ExciseER-2Return for EOUs for Apr
10/05/2016ExciseER-6Return by units paying duty > 1 crore (CENVAT + PLA) for Apr
12/05/2016D-VATBE-2Advance information for 2nd fortnight of May of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi
15/05/2016D-VATDVAT-20Deposit of DVAT TDS for Apr
15/05/2016Income TaxReturn 24Q, 26Q, 27Q & 27EQTDS/TCS returns for Mar Quarter by ALL Deductors/Collectors INCLUDING Govt.
15/05/2016Providend FundElectronic Challan cum Return (ECR)E-Payment of PF for Apr ( NO Grace of 5 days)
16/05/2016D-VATDVAT-48Return of DVAT TDS for quarter ending March
21/05/2016ESIESI ChallanPayment of ESI of Apr
21/05/2016M-VATMVAT ChallanPayment of MVAT & WCT TDS for Apr
21/05/2016D-VATDVAT-20 & CentralE-Payment of DVAT & CST for Apr
21/05/2016M-VATForm 231-235 & CST 1Submission of MVAT return for Apr.
22/05/2016Income TaxForm 16BIssue of TDS certificate in case of payment /credit made in Apr for purchase of property u/s 194IA.
22/05/2016D-VATDVAT-43Issue of DVAT certificate for deduction made in Apr
27/05/2016D-VATBE-2Advance information for 1st fortnight of June of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi
30/05/2016Income TaxForm 16A/ 27DIssue of TDS/TCS certificate for Mar quarter by ALL deductors/collectors.
31/05/2016Income TaxForm 16Issue of TDS certificate to Employees
31/05/2016Income TaxForm 61-AAIR by Assessees liable to Tax Audit receiving cash above 2 lacs against sales, Banks, Credit card companies etc for FY 2015-16.
31/05/2016Income TaxForm-49CStatement by Non-resident having Liaison Office in India (u/s 285)
31/05/2016Maharastra Profession TaxMTR-6/Form IIIBPayment & Monthly Return of Maharastra PT (Annual Liability 50000 or more)

Note : Above list has been compiled merely to assist you in meeting your statutory duties. Please check for any extensions, exclusions etc. While we take utmost care and caution in compiling it , you are requested to check the authenticity, correctness etc of the same from independent sources. The sender, updation team  and no other person can be held responsible for any inadvertent errors, mistakes or omissions, if any.

Comments

Post a Comment

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

By
  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm
Post a Comment
Read more

Credit card spending growth declines on RBI gaze, stress build-up

By
  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep
Post a Comment
Read more

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

By
  India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem.   “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and
Post a Comment
Read more