We have given few major issue related to 31st March.The list provided here under is not exhaustive and all viewers are requested contribute to list.
|Importance of 31st March in Indian Taxes|
10.Income tax benefit on house Loan u/s 24 Interest and 80C (repayment ) not completed before 31.03.2013:
If your house is not completed before 31st March then you can not avail income tax benefit of house loan interest as well as House loan repayment benefit in financial year 2012-13.
11. Income Tax office and Banks special counters remain open on 31st March 2013:
12. PPF (public provident fund) Extension after 15 Years:
If you have opened your PPF account in 01.04.1996 to 31.03.1997 then your 15 years completion date was 31.03.2012 .And if you want to extended your account further for block period of 5 years with contribution each year then you should apply on form H before 31.03.2013.(you can extend your PPF account by any time subject to 5 years each time). If you don not apply on form H by this date , your account will be extended without subscription and can not be converted back with subscription.
The same rule is applicable for extension after first block completion after 15 years.
13. Due dates of TDS(tax deducted at source) for month of March :
Due date for tds deductible in the month of March is 30.04.2013. No separate date provided for deduction made on 31.03.2013 .This due date for tds deposit applicable for full month of March.
14. Due date for ETDS return for quarter ending on 31.03.2013:
- Due date to deposit form 24Q ETDS return (salary TDS) for quarter ending 31.03.2013 is 15.05.2013.
- Due date to deposit form 26Q Etds return (other than salary TDS) for quarter ending 31.03.2013 is 15.05.2013.
- Due date to issue form 16(salary TDS certificate ) for year ending 31.03.2013 is 31.05.2013.
- Due date to issue form 16(other than salary TDS) for quarter ending 31.03.2013 is 30.05.2013.(How to download Form 16A from Traces website )
- TCS payment :07.04.2013 (due date is 07.04.2013 not 30.04.2013 so keep in mind this rule 37CA)
- Etds return (27EQ) : 15.05.2013 (Rule 31AA)
- Form 27D : 30.05.2013 (Rule 37D)
17.?????? Try to complete this list , provide your views in comment section
The list provided above is not exhaustive and all viewers are requested contribute to list.
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