{"id":29465,"date":"2020-03-06T20:00:13","date_gmt":"2020-03-06T14:30:13","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=29465"},"modified":"2023-05-30T12:44:59","modified_gmt":"2023-05-30T07:14:59","slug":"statutory-tax-compliance-calendar-for-march-2020-to-be-followed-by-taxpayers","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/statutory-tax-compliance-calendar-for-march-2020-to-be-followed-by-taxpayers\/","title":{"rendered":"Statutory Tax Compliance Calendar for March 2020 to be followed by taxpayers"},"content":{"rendered":"

The Tax Compliance\nCalendar for March 2020 is provided by the Income Tax and GST departments well\nin advance. As the end of the financial year 2019-20 is approaching near, the\ntaxpayers should be watchful for the important deadlines to be met for filing\ndifferent income tax and GST related documents. Amid the ongoing procedure of\nclosure of books of account by companies, March 2020 plays a crucial role for\nensuring adherence to tax compliances.<\/p>\n\n\n\n

Creating an alert\nfor the important dates in Tax Compliance Calendar for March 2020 may prove\nuseful for the taxpayers to avoid penal consequences of late filing of\nincome-tax returns (ITR) or tax deducted at source (TDS) returns and also to help\nremind them to collect TDS or tax collected at source (TCS) certificates. The Tax\nCompliance Calendar for March 2020 and its due dates must be carefully penned\ndown by every assessee as given in the below mentioned sections.<\/p>\n\n\n\n

Income Tax deadlines to be met in March 2020 – Tax Compliance Calendar for March 2020<\/mark><\/h4>\n\n\n\n
\n Due\n Date<\/strong>\n <\/td>\n Particulars<\/strong><\/strong>\n <\/td><\/tr>
\n 2nd<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194-IA, challan-cum-statement of tax deduction during the month of Jan 2020<\/strong> needs to be filed\n in Form No.26QB<\/strong> on or before 2nd<\/sup>\n March 2020. \n <\/td><\/tr>
\n 2nd<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194-IB, challan-cum-statement of tax deduction during the month of Jan 2020<\/strong> needs to be filed\n in Form No.26QC<\/strong> on or before 2nd<\/sup>\n March 2020.\n <\/td><\/tr>
\n 2nd<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194M, challan-cum-statement of tax deduction during the month of Jan 2020<\/strong> needs to be filed\n in Form No.26QD<\/strong> on or before 2nd<\/sup>\n March 2020.\n <\/td><\/tr>
\n 7th<\/sup>\n March, 2020<\/strong>\n <\/td>\n The due date for deposit of\n tax deducted\/collected for the month\n of February 2020<\/strong> by non-government deductors\/collectors through Challan 281<\/strong> is 7th<\/sup> March\n 2020.\n <\/td><\/tr>
\n 7th<\/sup>\n March, 2020<\/strong>\n <\/td>\n For all categories of ECB,\n the due date for reporting of actual transactions of External Commercial Borrowings (ECB) <\/strong>through AD Bank in Form ECB-2<\/strong> under FEMA for the month of February 2020<\/strong> is 7th<\/sup>\n March 2020.\n <\/td><\/tr>
\n 15th<\/sup>\n March, 2020<\/strong>\n <\/td>\n The fourth and final installment<\/strong> for all assessees to meet ‘Advance Tax Liability’<\/strong> in Challan 280\n is 15th<\/sup> March 2020. This is applicable to taxpayers liable to pay\n advance tax for the Financial Year\n 2019-20<\/strong> and Assessment Year 2020-21.\n <\/td><\/tr>
\n 15th<\/sup>\n March, 2020<\/strong>\n <\/td>\n The entities registered\n with Provident Fund Authorities are required to make deposit of PF contributions<\/strong> through EPFO portal for the period of February 2020<\/strong>\n latest by 15th<\/sup> March 2020.\n <\/td><\/tr>
\n 15th<\/sup>\n March, 2020<\/strong>\n <\/td>\n The entities registered\n with ESIC authorities are required to make deposit of ESIC contributions<\/strong> through ESIC portal for the period of February 2020<\/strong>\n latest by 15th<\/sup> March 2020. \n <\/td><\/tr>
\n 15th<\/sup>\n March, 2020<\/strong>\n  <\/strong>\n <\/td>\n The due date for furnishing\n of Form 24G <\/strong>by an office of the\n Government is 15th<\/sup> March 2020 where TDS\/TCS for the month of February 2020<\/strong> has been paid without the production of a Challan<\/strong>.\n <\/td><\/tr>
\n 15th<\/sup>\n March 2020<\/strong>\n  <\/strong>\n <\/td>\n ​The due date for payment of whole amount of advance tax<\/strong> in\n respect of assessment year 2020-21 for the assessee covered under presumptive scheme<\/strong> of Section 44AD\/\n 44ADA is 15th<\/sup> March 2020.\n <\/td><\/tr>
\n 17th<\/sup>\n March, 2020<\/strong>\n <\/td>\n For tax deduction during\n the month of Jan 2020<\/strong>, the due\n date of issuing TDS certificate in Form\n No. 16B<\/strong> to the payee is 17th<\/sup> March 2020.\n <\/td><\/tr>
\n 17th<\/sup>\n March, 2020<\/strong>\n <\/td>\n For tax deduction during\n the month of Jan 2020<\/strong>, the due\n date of issuing TDS certificate in Form\n No. 16C<\/strong> to the payee is 17th<\/sup> March 2020.\n <\/td><\/tr>
\n 17th<\/sup>\n March, 2020<\/strong>\n <\/td>\n For tax deduction during\n the month of Jan 2020<\/strong>, the due\n date of issuing TDS certificate in Form\n No. 16D<\/strong> to the payee is 17th<\/sup> March 2020.\n <\/td><\/tr>
\n 30th<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194-IA, challan-cum-statement of tax deduction during the month of Feb 2020<\/strong> needs to be filed\n in Form No.26QB<\/strong> on or before 30th<\/sup>\n March 2020.\n <\/td><\/tr>
\n 30th<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194-IB, challan-cum-statement of tax deduction during the month of Feb 2020<\/strong> needs to be filed\n in Form No.26QC <\/strong>on or before 30th<\/sup>\n March 2020.\n <\/td><\/tr>
\n 30th<\/sup>\n March, 2020<\/strong>\n <\/td>\n In respect of TDS deducted\n u\/s 194M, challan-cum-statement of tax deduction during the month of Feb 2020<\/strong> needs to be filed\n in Form No.26QD<\/strong> on or before 30th<\/sup>\n March 2020.\n <\/td><\/tr>
\n 31st<\/sup>\n March, 2020<\/strong>\n <\/td>\n The last date to link\n Aadhaar number with PAN is 31st<\/sup> March 2020.\n <\/td><\/tr>
\n 31st<\/sup>\n March, 2020<\/strong>\n <\/td>\n The last date to submit Country-By-Country\n Report in Form No. 3CEAD<\/strong> is 31st<\/sup>\n March 2020 for the previous year 2018-19 by a parent entity or the alternate\n reporting entity, resident in India, in respect of the international group of\n which it is a constituent of such group.\n <\/td><\/tr>
\n 31st<\/sup>\n March, 2020<\/strong>\n <\/td>\n The last date to\n submit ​Country-By-Country\n Report in Form No. 3CEAD<\/strong> is 31st<\/sup>\n March 2020 for a reporting accounting<\/a> year (assuming reporting accounting\n year is April 1, 2018 to March 31, 2019) by a constituent entity, resident in\n India, in respect of the international group of which it is a constituent if\n the parent entity is not obliged to file\n report u\/s 286(2)<\/strong> or the parent entity is resident of a country with\n which India does not have an agreement for exchange of the report etc.\n <\/td><\/tr>
\n 31st<\/sup>\n March, 2020<\/strong>\n <\/td>\n The last date of filing belated or revised<\/strong> income tax return\n for FY 2018-19 is 31st<\/sup> March 2020.\n <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\n\n
\n\n
\n\n
\n\n\"logo\n\n<\/div>\n\n<\/div>\n\n
\n\n

Income Tax Return Filing<\/h3>\n\n