Due Date Calendar for Statutory Compliance in India: A Comprehensive Guide

Introduction: Running a business in India requires diligent adherence to various statutory compliance obligations. From tax filings to regulatory reporting, it’s crucial to stay updated on the due dates for different compliance requirements. In this blog post, we will provide you with a comprehensive due date calendar for statutory compliance in India. This calendar will help you plan and stay ahead of deadlines, ensuring smooth compliance with the applicable laws and regulations.

January:

1. 7th January: Due date for filing quarterly return for taxpayers opting for composition scheme (Form CMP-08) for the previous quarter.
2. 10th January: Last date for filing GST Annual Return (GSTR-9) for the previous financial year.

February:

1. 15th February: Due date for filing quarterly TDS (Tax Deducted at Source) statement (Form 24Q, 26Q, 27Q) for the previous quarter.
2. 28th February: Deadline for issuing Form 16 (TDS certificate) to employees for the previous financial year.

March:

1. 15th March: Last date for filing income tax returns for the previous financial year by individuals and non-audit entities (unless extended).
2. 31st March: Due date for filing GST Annual Return (GSTR-9C) by taxpayers whose turnover exceeds specified thresholds.

April:

1. 30th April: Deadline for filing income tax returns by audit-assessees (including companies, partnership firms, etc.) for the previous financial year.

July:

1. 30th July: Due date for filing quarterly TDS statement (Form 24Q, 26Q, 27Q) for the first quarter of the financial year.

October:

1. 31st October: Due date for filing income tax returns by individuals and non-audit entities who are not required to get their accounts audited.

November:

1. 30th November: Last date for filing GST Annual Return (GSTR-9) for the previous financial year by taxpayers with an aggregate turnover below specified thresholds.

December:

1. 15th December: Deadline for issuing Form 16 (TDS certificate) to employees for the second quarter of the financial year.
2. 31st December: Due date for filing quarterly TDS statement (Form 24Q, 26Q, 27Q) for the second quarter of the financial year.

Note: The above due dates are subject to change based on government notifications. It is essential to stay updated with any changes or extensions announced by the relevant authorities.

Conclusion: Complying with statutory requirements is crucial for businesses operating in India. By following the due date calendar for statutory compliance, you can ensure timely filings, avoid penalties, and maintain a good standing with the regulatory authorities. However, it is advisable to consult with professionals or refer to the official websites of relevant authorities for the most accurate and up-to-date information regarding due dates and compliance obligations. Stay organized, mark these dates on your calendar, and plan your compliance activities in advance to meet the deadlines and maintain a smooth business operation.