Tax Compliance and Statutory due dates for the month of January, 2022
Listen to this Article
Compliance calendar for the month of January, 2022
Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual filing, a business has to keep a close watch over the deadlines of all the mentioned compliance. With the beginning of the new year there are certain dates which needs to be taken care of, here is the list of compliance due date for the month of January 2022.
Important update for the filing of an Audit Report
Audit report dates has been extended by the Income Tax Department, Due date for filing an audit report under section 44AB for the assessment year 2021-22 in the case of a corporate or non-corporate assessee (who was due to file his or her return of income by October 31, 2021), has extended the deadline for filing the audit report for Assessment Year 2021-22. Also, foreign or specific domestic transaction under section 92E is also been extended till 31st January 2022.
Compliance Calendar for the month of January 2022
|
Important due dates for the GST Returns in the Month of January 2022 |
|||
|
Due date |
Form to be filed |
Period |
Who should file? |
|
10.01.2022 |
GSTR 7 |
December 2021 |
GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST |
|
10.01.2022 |
GSTR 8 |
December 2021 |
GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST |
|
11.01.2022 |
December 2021 |
Taxpayers have an aggregate turnover of more than Rs. 5 Crores or opted to file Monthly Return |
|
|
13.01.2022 |
GSTR 1 (QRMP) |
December 2021
|
GST return for the taxpayers who opted for QRMP scheme (Optional) |
|
18.01.2022 |
CMP-08 |
December 2021 |
Composition dealer |
|
20.01.2022 |
GSTR 3B |
December 2021 |
The due date for GSTR-3B having an Annual Turnover of more than 5 Crores |
|
22.01.2022 |
GSTR 3B (QRMP) |
December 2021 |
GSTR 3B opted for quarterly filing as per QRMP scheme (For group A States) |
|
24.01.2022 |
GSTR 3B (QRMP) |
December 2021 |
GSTR 3B opted for quarterly filing as per QRMP scheme (For group B States) |
|
25.01.2022 |
GST Challan |
December 2021 |
GST Challan Payment if no sufficient ITC for December 2021 (for all Quarterly Filers) |
|
Important due dates for the Income Tax Compliance / PF / ESI in the Month of January 2022 |
|||
|
07.01.2022 |
Challan No. ITNS- 281 |
December 2021 |
Payment of TDS/TCS deducted /collected in December 2021. |
|
07.01.2022 |
Challan No. ITNS- 281 |
December 2021 |
For the quarterly deposit of TDS for the period of October - December 2021 |
|
14.01.2022 |
November 2021 |
The due date for the issue of the TDS Certificate for tax deducted under Section 194-IA in the month of November 2021 |
|
|
14.01.2022 |
TDS Certificate |
November 2021 |
The due date for the issue of the TDS Certificate for tax deducted under Section 194-IB in the month of November 2021 |
|
14.01.2022 |
TDS Certificate |
November 2021 |
The due date for the issue of the TDS Certificate for tax deducted under Section 194-M in the month of November 2021 |
|
15.01.2022 |
Audit Report under section 44AB |
Assessment Year 2021-2022 |
Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021) |
|
15.01.2022 |
Form 24G by Government officer |
December 2021 |
The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November 2021 has been paid without the production of a challan |
|
15.01.2022 |
TCS Payment |
December 2021 |
Quarterly statement of TCS for the quarter ending December 31, 2021 |
|
15.01.2022 |
Form No. 15CC |
October to December 2021 |
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for the quarter ending December 2021 |
|
15.01.2022 |
Form No. 15G/15H |
October to December 2021 |
|
Category : Corporate Law | Comments : 0 | Hits : 1743
Introduction The practice of a company keep track of its financial transactions is as old as trade itself. The upkeep of precise books of accounts has been vital for the long-term prosperity and viability of businesses, going back to the days of barter systems and continuing into today’s complex financial systems. This essay will examine the importance of books of accounts and all of the benefits they provide to companies of all kinds. What are Books of Accounts? The s...
Introduction In India, registering a company is a complex procedure. A company’s incorporation process involves a number of officials, including chartered accountants and company secretaries. These individuals make a significant contribution to the company registration procedures available in India. However, one such entity is frequently overlooked during the incorporation process. It can be easy to overlook the Company Registrar who issued the registration certificate in these si...
Introduction Due diligence is an inquiry or audit conducted before a transaction, such as an acquisition, investment, business partnership, or bank loan, to guarantee compliance with financial, legal, and environmental reports in order to register a company in India. The outcomes of all these inquiries and audits will be collected into a Due Diligence report. For startups in India, conducting due diligence about the company is important during the investment stage. To guarantee complian...
Introduction India is a country that attracts a lot of private equity and foreign direct investment (FDI) due to its rapid expansion. India has the second-largest population in the world and a wealth of skilled IT workers, which makes it an appealing destination for investment from foreign businesses and individuals. This article will explain why establishing an Indian subsidiary is not as tough as you may believe. In this article, we will also include information on What is an Indian S...
The mandatory dematerialisation requirement is applicable on all securities of every private company, excluding small companies and government companies. The provisions are applicable with immediate effect, and a timeline of 18 months is provided from the closure of the financial year in which a private company is not a small company for the compliance with the mandatory dematerialisation requirements. For example, a private company (other than a company that is a small company as on 31st Marc...


Comments