tds return filing | Infinity Services

7 July 2023 –

Due date for deposit of Tax deducted/collected for the month of June, 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

7 July 2023 –

Due date for deposit of TDS for the period April 2023 to June 2023 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

15 July 2023 –

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of May, 2023

15 July 2023 –

Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of May, 2023

15 July 2023 –

Due date for issue of TDS Certificate for tax deducted under section 194M in the month of May, 2023

15 July 2023 –

Due date for issue of TDS Certificate for tax deducted under section 194S in the month of May, 2023

Note: Applicable in case of specified person as mentioned under section 194S

15 July 2023 –

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2023

15 July 2023 –

Quarterly statement of TCS deposited for the quarter ending 30 June, 2023

15 July 2023 –

Upload the declarations received from recipients in Form No. 15G/15H during the quarter ending June, 2023

15 July 2023 –

Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of June, 2023

30 July 2023 –

Quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2023

30 July 2023 –

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for the month of June, 2023

30 July 2023 –

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB for the month of June, 2023

30 July 2023 –

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M for the month of June, 2023

30 July 2023 –

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of June, 2023

Note: Applicable in case of specified person as mentioned under section 194S

31 July 2023 –

Quarterly statement of TDS deposited for the quarter ending June 30, 2023

31 July 2023 –

Return of income for the assessment year 2023-24 for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A applies or (d) an assessee who is required to furnish a report under section 92E.

31 July 2023 –

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, 2023.

31 July 2023 –

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, 2023)

31 July 2023 –

Intimation in Form 10BBB by a pension fund in respect of each investment made in India for quarter ending June, 2023

31 July 2023 –

Intimation in Form II by Sovereign Wealth Fund in respect of investment made in India for the quarter ending June 2023

Source- https://incometaxindia.gov.in/

Taxing income doesn’t give private cryptos legitimacy: FM Sitharaman

At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable. Excerpts:

On cryptocurrencies

There will be a digital currency launched by the RBI. Even if it is a cryptocurrency, only the central bank has the authority to issue a currency. Anything outside of that is not a currency, despite the fact that we refer to them as such. Nothing prevents me from taxing the gains that are being earned through buying and selling. They do not acquire legitimacy through taxation. We are not levying taxes on the digital rupee, which has not yet been released. Everything else is an asset made by a person, and if any gains are earned from selling it, they will be taxed at a rate of 30%. By enforcing a 1% tax deducted at source, we are also monitoring every transaction made in the cryptocurrency sector. A paper has been distributed, and we are getting feedback. Additionally, public stakeholders are contributing. Therefore, regulation will follow that procedure, but we won’t wait for regulation before taxing those who profit from such assets.

On Budget estimates

In the February 2021 Budget, we were told we had been conservative, but we were right in our assessment. And being conservative is not being overly optimistic. We are sure we will achieve the numbers, and will probably top them.

On revenues

If revenues are compared to the size of GDP, excise duty cannot be linked to that because it doesn’t increase as prices go up. So if excise duty collection is removed from the revised estimates, projected growth in revenues is 14 per cent, said Revenue Secretary Tarun Bajaj. This is not conservative, but a very pragmatic number, and the government will make all attempts to achieve it.

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