Compliance Calendar: August 2013

Date	Statutory Act	Applicable Form	Obligation
05/08/2013	Income Tax	Form 1 to 5	Last date for filing of Income Tax Return Extended till 05/08/13 for Individuals, HUFs and Firms not subject to Tax Audit
05/08/2013	Service Tax	Challan No.GAR-7	Last date for payment of Service Tax in case of companies for the month of July
06/08/2013	Service Tax	Challan No.GAR-7	Last date for e-payment of Service Tax in case of companies for the month of July.
07/08/2013	D-VAT	DVAT -16 and Form -1	Last date for filing of DVAT return for June Quarter Extended till 07/08/13 Hard copy 10/08/2013
07/08/2013	Income Tax	Challan No.ITNS-281/17	Payment of TDS/TCS deducted/collected in July
07/08/2013	Income Tax	Form No.15G,15H, 27C	Submission of Forms received in July to IT Commissioner.
10/08/2013	Excise	ER-1	Return for Non SSI assessees for July
10/08/2013	Excise	ER-2	Return for EOUs for July
10/08/2013	Excise	ER-6	Return by units paying duty > 1 crore (CENVAT + PLA) for July
14/08/2013	D-VAT	D-VAT-16/Form 1	Last Date for Quarterly DVAT return for dealers whose turnover is below 5 crores in preceding year.
16/08/2013	Provident Fund	Electronic Challan Cum Return(ECR)	E-Payment of PF for July (Cheques to be cleared by 20th)
16/08/2013	ESI	ESI Challan	Payment of ESI of July
16/08/2013	D-VAT	DVAT- 20	Deposit of DVAT TDS for July
16/08/2013	D-VAT	DVAT – 43	Issue of DVAT certificate for deduction made in July
21/08/2013	D-VAT	D-VAT-20 & Central Sales Tax Challan	Deposit of VAT & CST for July
25/08/2013	D-VAT	Form 16 and CST 1	E- Return of VAT for July for dealers having monthly Tax Period.
26/08/2013	D-VAT	DP-1	Online Submission of Delhi dealers
28/08/2013	D-VAT	DVAT-16/Form-1 & Ack	Last date for Monthly Return (Hard Copy of e-Filing ) of VAT & CST for the month of July

TDS Rates for Financial Year 2013-14 (Assessment Year 2014-15)

S. No.	Section No.	Nature of Payment in brief	Cut Off (Rs.)	Rate %
				HUF/Ind.	Others
1	192	Salaries		Average Rate
2	193	Interest on debentures	5000	10	10
3	194	Deemed dividend	-	10	10
4	194A	Interest other than Int. on securities (by Bank)	10000	10	10
4A	194A	Interest other than Int. on securities (By others)	5000	10	10
5	194B	Lottery / Cross Word Puzzle	10000	30	30
6	194BB	Winnings from Horse Race	5000	30	30
7	194C(1)	Contracts	30000	1	2
8	194C(2)	Sub-contracts/ Advertisements	30000	1	2
9	194D	Insurance Commission	20000	10	10
10	194EE	Payments out of deposits under NSS	2500	20	-
11	194F	Repurchase of units by MF/UTI	1000	20	20
12	194G	Commission on sale of lottery tickets	1000	10	10
13	194H	Commission or Brokerage	5000	10	10
14	194I	Rent (Land & building) furniture & fittings)	180000	10	10
		Rent (P & M , Equipment)	180000	2	2
15	194 IA	TDS on transfer of immovable property other than agriculture land (wef 01.06.13)	50 Lakh	1	1
16	194J	Professional/Technical charges/ Royalty & Non-compete fees	30000	10	10
17	194J(1)(ba)	Any remuneration or commission paid to director of the company (Effective from 1 July 2012)	NIL	10	10
18	194LA	Compensation on acquisition of immovable property	200000	10	10

Surcharge on tax is not deductible/collectible at source in case of resident individual/HUF/Firm/ AOP / BOI/Domestic Company in respect of payment of income other than salary.

Surcharge on TDS on salary is applicable if taxable salary is more than one crore @10% because TDS on salary is to be deducted on average basis per month of annual tax liability.

Challan for Payment of TDS u/s 194-IA: Transfer of Immovable Property

With effect from 1st June 2013, a new section 194-IA in the Income-tax Act relating to payment on transfer of certain immovable property other than agricultural land, will come into force.

Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land) shall deduct an amount equal to one per cent (1%) of such sum as income-tax at the time of credit of such sum to the account of the transferor or at the time of payment of such sum in cash or by issue of cheque or draft or by any other mode, whichever is earlier.

No deduction shall be made where consideration for the transfer of an immovable property is less than fifty lakh rupees.

The Challan cum Statement of Deduction of Tax is in Form 26QB as reproduced below. You can download the same by clicking here.