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What to do during Financial Year End "March-2015" ?

1:00 PM  Dharmen  

Just start the month March-2015.  This month is the Financial Year End Month.  In this month every tax payers, TDS deductors or TCS collectors even Service Tax Payers, VAT Payers or Profession Tax Payer has rises workload to finalize the accounts books for financial Year 2014-15 and Asstt. Year 2015-16.  All are having heavy workload regarding this upto 31st March.  Apart from this, don't miss important due dates for the financial year at the end of month i.e. March-2015.  The important due date for all taxpayers are as under :

TDS or TCS :

  • Payment for the month of Feb-2015 is 7th March.
  • Issue of TDS Certificate for tax deducted under Section 194-IA (Deduction of tax at source from payment on transfer of certain immovable property) is 22nd March.

Advance Tax Payment for those taxpayee whose tax liability is more than Rs. 10,000 in a financial year is 15th March as 4th and the last quarter for the Asstt. Year 2015-16.

Central Excise Duties (Tax) on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities are as under:
Payment :
  • For All Assesses if Period of Removal of Goods is in the month of February is 5th March and for e-payment facility is 6th March.
  • For All Assesses, if Period of Removal of Goods is in the month of March is 31st March.

Return :

  • For All Assesses except SSI and if Period of Removal of Goods is in the month of February is 10th March.

Service Tax  : 
Service Tax (Corporate, Trust and Societies etc.)

  • If Service tax charged on revenue in the month of February is 5th March and for e-payment due date is 6th March.
  • If Service tax charged on revenue in the month of March is 31st March.

Service Tax (Individual, LLP, firm and proprietorship etc.)

  • For January to March is 31st March.

Provident Fund :

  • Payment due date is  15th March for the month of Feb-2015.
  • Last date of Return is 21st March for the month of Feb-2015.

Employees’ State Insurance :

  • Last date of Payment is 21st March for the month of Feb-2015.

VAT/ CST :

  • Due date for Payment is 21st March.
  • Last date for Return is 21st March.

Professional Tax :

  • Payment date is 31st March.
  • Return due date is 31st March.

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