Due Dates under various laws

Compliance Calendar affected due to COVID-19 for May-21

*Pandemic month - keep Social distancing, wash hand and wear mask*

🚨🚨*Extension of due dates FY 2019-20*🚨🚨

▪️31st May 2021- FILING OF BELATED RETURN AND REVISED RETURN FOR FY 2019-20 I.E. AY 2020-21, WHICH WAS REQUIRED TO BE FILED ON OR BEFORE 31ST MARCH, 2021.

▪️31st May 2021- Payment of tax deducted and furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA, Section 194-IB and Section 194M for the month of March, 2021.

▪️31st May 2021- Filing SFT (Form 61) extended to 31st May, 2021 (where the due date was 30th April, 2021)

▪️31st May 2021- Relaxation of Filing Appeal dates for Appeals to CIT (Appeals) extended to 31st May, 2021 (where such last date was 1st April, 2021 or after)

▪️31st May 2021- Return filed in response to 148 of the Income Tax Act – where return of income had to be filed on or after 1st April, 2021  - can now be filed upto 31st May, 2021

*FY 2020-21*

📙* INCOME TAX*

▪️07th May 2021- TDS deducted /TCS collected for the month of April, 2021

▪️15th May 2021 - Due date for issue of TDS Certificate for tax deducted under section 194- IA/194-IB/194M for the month of March, 2021

▪️15th May 2021- Quarterly statement of TCS deposited for the quarter ending March 31, 2021

▪️30th May 2021- Furnishing of challan-cum-statement in respect of tax deducted under section 194-IA/194-IB/194M for the month of April, 2021

▪️30th May 2021- Issue of TCS certificates for the 4th Quarter of the Financial Year 2020-21

▪️30th May 2021- Form 24Q (TDS Return for Salary) Statement for TDS from salaries

▪️31st May 2021-Form 26Q (Filing of TDS statement) Quarterly statement of TDS deposited for the quarter ending March 31, 2021

📙 GST

▪️11th May 2021-Due date of filling GSTR-1 for the month of April- 2021 who does not opt QRMP (Quarterly Return Filing and Monthly Payment of Taxes) Scheme under GST.

▪️13th May 2021-Due date of filling Sales Invoice / Credit Notes for the month of April- 2021 who opted QRMP (Quarterly Return Filing and Monthly Payment of Taxes) Scheme under GST (Optional Filing)

▪️20th May 2021-Due date of filling GSTR-3B by registered person having a turnover above Rs. 5 Crores in the previous Financial Year for the month of April,2021 (for Maharashtra and Chattisgarh state)

▪️25th May 2021- GST Payment for the month of April 2021 under QRMP Scheme.

📙 ESI/PF

▪️15th May 2021- Due date for payment of Provident Fund, ESI contribution for employers who have paid wages to their employees for April 2021.

▪️25th May 2021- Due date of filing of return for month of April.

Note: If not paid within due date disallowed under income tax act.

📙 PROFESSIONAL TAX

▪️31st May 2021- Due date for payment of PT for the month of April where tax liability is more than Rs.100,000/-.

📙 LLP

▪️30th May 2021- LLP Form 11-LP Annual Filing- Details of LLP and/or Company in which partner/designated partner is director/partner.                          

#MJM Advisors