Statutory Obligations for the Month of July

Jul, 05 2020
|
Share: -

This is to remind that the following statutory obligations have to be complied by our group companies/ individuals to the extent as applicable:

Income Tax

  1. Extended last date to file Belated Income Tax Return for assesse who has not filed their return or audit for FY 2018-19 is 31.07.2020.
  2. Extended date for making various investments/payment for claiming deduction under Section 80C (LIC, PPF, NSC, etc.), 80D (Medi-claim), 80G (Donations), etc. is 31.07.2020 for Financial Year 2019-2020.
  3. The last date to File Income Tax Return in the case of Non-Audit Assessee is extended from 31st July 2020 to 30th November 2020, but Interest under section 234A will be levied after 31st July if Total Tax Liability is more than Rs 1,00,000/-.

TDS

  1. TDS for the Month of June-2020 to be deposited on or before 07-07-2020.
  2. The due date for filing the TDS Return for Period 01.04.2020 to 30.06.2020 is 31.07.2020.
  3. Extended Due date for filing the TDS Return for Period 01.01.2020 to 31.03.2020 is 31.07.2020.

 

GST

  1. Extended due date for filing GSTR-3B for taxpayers having an aggregate turnover of less than Rs 5 Cr in preceding Financial Year for the month of March 2020 is 05.07.2020.
  2. Extended due date for filing GSTR-3B for taxpayers having an aggregate turnover of less than Rs 5 Cr in preceding Financial Year for the month of April 2020 is 09.07.2020.
  3. Extended due date for filing GSTR-3B for taxpayers having an aggregate turnover of less than Rs 5 Cr in preceding Financial Year for the month of May 2020 is 12.07.2020.
  4. Extended due date for filing Monthly GSTR-1 for the month of March 2020 is 10.07.2020.
  5. The extended due date for filing Monthly GSTR-1 for the month of April 2020 is 24.07.2020.
  6. The extended due date for filing Monthly GSTR-1 for the month of May 2020 is 28.07.2020.
  7. The extended due date for filing Quarterly GSTR-1 for the Quarter 01.01.2020 to 31.03.2020 is 17.07.2020.
  8. Extended due date for filing GSTR-3B for taxpayers having an aggregate turnover of more than Rs 5 Cr in preceding Financial Year for the month of June 2020 is 20.07.2020.

 

ESI / PF

  1. 15.07.2020 is the due date for payment of Provident Fund Contribution for the month of June 2020. (Lower PF Rate of 10% to be applicable for both employer (except central Government) & employees.
  2. 15.07.2020 is an extended due date for payment of ESI Contribution for the month of June 2020.

AUDIT

  1. UDIN: - As per new guidelines issued by ICAI effective from 01.07.2019 every statutory auditor shall upload particulars of the audit report on the UDIN portal of ICAI. It cannot be generated after 15 days of the date of the balance sheet. The Balance Sheet date cannot go beyond 05.09.2020.

    So it is advisable to update your books of accounts for the Financial Year 2019-20 and get them audited as early as possible for timely Compliance and to avoid the last-minute rush.

 

 

Thanking you,

Yours Faithfully,

Kila & co.

Statutory Obligations for the Month of May

May, 05 2020

Statutory Obligations for the Month of May

...

Read More

Statutory Obligations for the Month of June

Jun, 04 2020

Statutory Obligations for the Month of June

...

Read More

Statutory Obligations for the Month of July

Jul, 05 2020

Statutory Obligations for the Month of July

...

Read More