INCOME TAX MATTERS ( A monthly journal on - Income tax and wealth tax- since 1999) - ( subscription for the year 2009 (TWO VOLUMES) is only Rs. 1300/-) - For subcription and to Know more click here

 

YOUR OBLIGATIONS

 

(By P. C. Garg Advocate and CA. Ritesh Garg)

 

 

DECEMBER, 2008

 

UPTO  5TH DECEMBER, 2008

If an assessee is not an individual,  proprietory  firm or partnership firm, then to deposit Service tax for the month of NOVEMBER , 2008. (Rule 6(1) of Service Tax Rules, 1994)

 

UPTO  7TH DECEMBER, 2008

Deposit T.D.S. under Income Tax Act  if  you have paid or credited any amount on which T.D.S. is applicable during the month of NOVEMBER , 2008.

Deposit T.C.S. under Income Tax Act  if  you have collected  any amount on which T.C.S. is applicable during the month of NOVEMBER, 2008.

File form 27 C relating to T.C.S. under Income Tax Act for the month of NOVEMBER, 2008.

(Note - 27C form is given by the purchaser of goods on which TCS is applicable to the seller of such goods to the effect that the purchaser shall use such goods only for manufacturing or processing of goods and not for trading purposes. Seller of goods shall submit this form in the income tax department)

UPTO  15TH DECEMBER, 2008

TO PAY 2nd INSTALMENT OF ADVANCE INCOME TAX (60% OF TOTAL ADVANCE TAX LIABILITY) ( UNDER SECTION 211 OF INCOME TAX ACT) BY NON CORPORATE ASSESSEES.

 

TO PAY 3rd INSTALMENT OF ADVANCE INCOME TAX ( NOT LESS THAN 75% OF TOTAL ADVANCE TAX LIABILITY AS REDUCED BY THE AMOUNT, IF ANY, PAID IN EARLIER INSTALMENT) ( UNDER SECTION 211 OF INCOME TAX ACT) BY CORPORATE ASSESSEES.

 

TO PAY FIRST INSTALMENT OF ADVANCE FRINGE BENEFIT TAX (60% OF TOTAL ADVANCE TAX LIABILITY) ( UNDER SECTION 115WJ OF INCOME TAX ACT) BY NON CORPORATE ASSESSEES.

 

TO PAY SECOND INSTALMENT OF ADVANCE FRINGE BENEFIT TAX ( NOT LESS THAN 75% OF TOTAL ADVANCE TAX LIABILITY AS REDUCED BY THE AMOUNT, IF ANY, PAID IN EARLIER INSTALMENT) ( UNDER SECTION 115WJ OF INCOME TAX ACT) BY CORPORATE ASSESSEES.

upto 20th DECEMBER, 2008

FILE YOUR VAT STATEMENT STATEMENT  FOR THE MONTH OF  NOVEMBER, 2008 IN FORM VAT 16 IF PAYMENT OF VAT  IS TO BE MADE BY CROSSED CHEQUE OR CROSSED BANK DRAFT .

DEPOSIT PROVIDENT FUND OF YOUR EMPLOYEES FOR THE MONTH OF NOVEMBER, 2008.

UPTO 25TH DECEMBER, 2008

FILE MONTHLY RETURN OF PROVIDENT FUND OF YOUR EMPLOYEES FOR THE MONTH OF NOVEMBER, 2008.

UPTO 30TH DECEMBER, 2008

FILE YOUR VAT STATEMENT FOR THE MONTH OF  NOVEMBER, 2008 IN FORM VAT 16 IF PAYMENT OF VAT IS TO BE MADE NOT BY CROSSED CHEQUE OR CROSSED BANK DRAFT. (PUNJAB VAT ACT)

 

 

 

 

 

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