Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Wednesday, February 7, 2018

Monthly Calendar for due dates and updates for February 2018


Date
Statutory Act
Applicable Form
Obligation
07/02/2018
Income tax
Challan no 281
Due date for deposit of tax deducted /collected for the month of January, 2018
10/02/2018
GST
GSTR -1
·         Due date of GSTR-1 for the month of Jan, 2018 for the Monthly Taxable tax payers.

15/02/2018
GST
GSTR -1
·         Due date of GSTR-1 for the quarter ended on 31.12.17 for quarterly taxable assessee.

15/02/2018
Income tax
Form 24G
Due date for furnishing of Form 24G by an office of the Government where TDS for the month of January, 2018 has been paid without the production of a challan
14/02/2018
Income Tax
Form 16
Due date for issue of TDS Certificate for tax deducted under section 194-IA – for purchase  of immoveable property in the month of October, 2018

15/02/2018
Provident Fund
Online
PF Payment for m/oJanuary,2018.
21/02/2018    
ESI
Online
ESIC Payment for m/o January,2018
20/02/2018
GST
GSTR-3B
GSTR-3B for the m/o January 2018
28/02/2018
Income Tax
Online
Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA for purchase of Immoveable property  in the month of January, 2018


Points to Remember and updates:

v  01-02-2018 the site is open for filing of Online One Unified Annual Return under 8 Labour Laws for the year 2017.
v  31.03.2018 is the last date for filing of Income Tax Return for Asst Year 2016-17 and  2017-18  if not yet filed otherwise after 31.03.2018 the Income Tax Department will start sending notices to all having PAN number and having income exceeding Rs.250000/- so last date for Income Tax return u/s 139(4) for Financial Year 2015-2016 & 2016-2017 is 31st March 2018, after that you cannot file return unless you have received notice from Income Tax Dept. 
v  MCA started New Name approval form RUN i.e Reserve Unique Name  w.e.f. 26th January,2018. 
v  CBDT  has issued FAQs on Taxation of Long Term Capital Gains @ 10% on Equity Shares etc. without Indexation, proposed u/s 112A from AY 2019-20 and for Capital Gain after 31.01.2018 on sale of shares.
v  From Asst Year 2018-19 for delayed Income Tax Return only Deduction u/s 80C, 80D, 80G etc will be allowed but deductions or exemptions for all incomes in Part C of Chapter VI-A.(80JJAA, 80P, 80QQB, 80TTA, 80U etc.) will be disallowed.

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