Every taxpayer in India needs to fulfill their statutory obligations as per the due dates set by various authorities. It is important for individuals and various business entities to have a tax compliance tracker, which ensures that they do not miss any deadline. Entities have to comply with many tax-related compliances, like submitting various GSTR, TDS returns, and various other reports.
A tax compliance tracker helps you remember important deadlines for filing income tax returns, GSTR, and various other statutory payments and returns.
Let us now look at the important due dates for the month of August 2022 for your Tax Compliance
- Tax Compliance under the Income- Tax Act, 1961 and other Acts that need to comply with for the month of August 2022
| Who needs to Comply | Compliance requirement | Period covered | Due Date |
| Every entity deducting TDS | Deposit of Tax deducted/collected | July 2022 | August 7, 2022 Sunday |
| Every entity deducting TDS on transfer of immovable property (except agricultural land) for consideration exceeding 50 Lakhs | Issue of TDS certificate under section 194-IA | June 2022 | August 14, 2022 Sunday |
| Individual/ HUF who is not liable for audit deducts TDS on rent paid to a resident for an amount exceeding Rs. 50,000 p.m. | Issue of TDS certificate under section 194-IB | June 2022 | August 14, 2022 Sunday |
| Individual/ HUF deducting TDS from the value of services paid to a resident contractor for the services used for personal use | Issue of TDS certificate under section 194-M | June 2022 | August 14, 2022 Sunday |
| Office of the Government where TDS/TCS has been paid without a challan | Form 24G | July 2022 | August 15, 2022 Monday |
| Stock Exchanges | Form 3BB | July 2022 | August 15, 2022 Monday |
| Every entity deducting TDS from all payments except salary | Issue of Quarterly TDS certificate | Quarter Ending June 30, 2022 | August 15, 2022 Monday |
| Every Employer contributing towards Provident Fund (PF) | PF payment | July 2022 | August 15, 2022 Monday |
| Every Employer contributing towards Employees’ State Insurance (ESI) | ESIC payment | July 2022 | August 15, 2022 Monday |
| Every entity deducting TDS on transfer of immovable property except (agricultural land) for consideration exceeding 50 Lakhs | Challan cum TDS statement under section 194-IA | July 2022 | August 30, 2022 Tuesday |
| Individual/ HUF who is not liable for audit deducts TDS on rent paid to a resident for an amount exceeding Rs. 50,000 p.m. | Challan cum TDS statement under section 194-IB | July 2022 | August 30, 2022 Tuesday |
| Individual/ HUF deducting TDS from the value of services paid to a resident contractor for the services used for personal use | Challan cum TDS statement under section 194-M | July 2022 | August 30, 2022 Tuesday |
- Forms under the Goods and Services Act that need to comply for the month of August 2022
| Who needs to Comply | Compliance requirement | Period covered | Due Date |
| Every entity deducting TDS under the GST act | GSTR 7 | July 2022 | August 10, 2022 Wednesday |
| E-commerce operators deducting TDS under the GST act | GSTR 8 | July 2022 | August 10, 2022 Wednesday |
| Entities with aggregate annual turnover of Rs.5 crore or those who have opted for filing monthly GST returns summarizing all outward supplies | GSTR 1 | July 2022 | August 11, 2022 Thursday |
| Input Service Distributors providing details of input tax credit and inward supplies | GSTR 6 | July 2022 | August 13, 2022 Saturday |
| Entities who have opted for Quarterly Returns Monthly Payment (QRMP) scheme | IFF (Optional) | July 2022 | August 13, 2022 Saturday |
| Every registered entity other than those opted for the QRMP scheme provide a self-declared summary of outward supplies, ITC claimed and net tax payable | GSTR 3B | July 2022 | August 20, 2022 Saturday |
| Every registered non-resident carrying on business transactions in India | GSTR 5 | July 2022 | August 20, 2022 Saturday |
| Every Non-Resident Online Information and Database Access or Retrieval (OIDAR) Service Provider who provides their services in India | GSTR 5A | July 2022 | August 20, 2022 Saturday |
| Any specialized agency of United Nations Organization (UNO) and United Nations (Privileges and Immunities) Act, 1947, Embassy of foreign country and other persons as notified in section 55 of GST act | RFD-10 | 18 months after the end of quarter for which refund is claimed |
Need Assistance?
Every taxpayer needs to file their returns and fulfill their tax-related obligations on or before the due dates. Missing a single due date leads to payment of fines, and penalties and also tarnish reputation. Diligen is a financial service provider who can help you comply with all the due dates on time. With a team of highly qualified tax consultants and tax advisors, Diligen provides its clients with customized tax solutions that best serve their business needs.
Diligen provides tax-related services to both corporates and individuals. The experienced team of tax experts understands each client’s needs carefully and helps them comply with all tax requirements as applicable. Diligen helps its clients to become law-abiding citizens who not only comply with the due dates but also fulfill their tax obligations without evading taxes. With Diligen as your tax partner, you can rest assured that you can focus on your business while all your tax-related issues are handled in the most professional manner.
