Important Income Tax Due Dates of the Month of July-2016:
7 July 2016 –Due date for deposit of Tax deducted/collected for the month of June, 2016.
7 July 2016 –Due date for deposit of TDS for the period April 2015 to June 2016 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H.
15 July 2016 –Quarterly statement of TDS / TCS deposited for the quarter ending June 30, 2016 when tax is deducted/collected by a person other than an office of Government.
22 July 2016 –Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of June, 2016.
30 July 2016 –Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending June 30, 2016.
31 July 2016 –Annual return of income and wealth for the assessment year 2016-17 for all assesses other than (a) corporate - assesses or (b) non-corporate assesses (whose books of account are required to be audited) or (c) working partner (of a firm whose accounts are required to be audited) or (d) an assesses who is required to furnish a report under section 92E.
31 July 2016 –Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2016.
31 July 2016 –Quarterly statement of tax deducted if the deductor is an office of the Government for the quarter ending June 30, 2016.
31 July 2016 –Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is July 31, 2016).
-Rinav A. Khakhar.