Tax Compliance and Statutory due dates for February, 2022

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Compliance Calendar for the month of February 2022

Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual filing, a business has to keep a close watch over the deadlines of all the mentioned compliance. Each month of the year is important as far as Statutory Compliance and Tax Compliance are concerned. Here is a Compliance calendar for February 2022 various tax and Statutory due dates relating to ROC filingOPC Annual Filing, GST Return Filing, and Income Tax Filing.

Important Update for filing of return of income for the AY 2021-22

  • The due date for filing the Return of Income for the Assessment Year 2021-22, which was 31st October 2021 under sub-section (1) of section 139 of the Act, has been extended to 30.11.2021 and 15.02.2022. It is further extended to 15.03.2022.
  • Return of income for the assessment year 2021-22, if an assessee is required to file a report under section 92E relating to an overseas or defined domestic transaction, has extended the deadline for filing the return of income for Assessment Year 2021-22 to February 28, 2022. Further, the deadline for filing an income tax return has been extended until 15.03.2022.
Important due dates for the GST Returns in the Month of February 2022
Due dateForm to be filedPeriodWho should file?
10.02.2022GSTR 7January 2022GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST
10.02.2022GSTR 8January 2022GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST
11.02.2022GSTR 1January 2022Taxpayers have an aggregate turnover of more than Rs. 5 Crores or opted to file Monthly Return
13.02.2022GSTR 1 (IFF)January 2022GST return for the taxpayers who opted for QRMP scheme (Optional)
13.02.2022GSTR 6January 2022Input Service Distributors
20.02.2022GSTR 5 & 5AJanuary 2022Non-Resident Taxpayers and ODIAR services provider
20.02.2022GSTR 3BJanuary 2022The due date for GSTR-3B having an Annual Turnover of more than 5 Crores
25.02.2022GST Challan PaymentJanuary 2022GST Challan Payment if no sufficient ITC for September (for all Quarterly Filers)
28.02.2022GSTR 9FY 2020-21GST Annual Return
28.02.2022GSTR 9CFY 2020-21Statement of Reconciliation under GST
Important due dates for the Income Tax Compliance / PF / ESI in the Month of February 2022
07.02.2022Challan No. ITNS- 281January 2022Payment of TDS/TCS deducted /collected in January 2022.
14.02.2022TDS CertificateDecember 2021The due date for the issue of the TDS Certificate for tax deducted under Section 194IA in the month of December 2021
14.02.2022TDS CertificateDecember 2021The due date for the issue of the TDS Certificate for tax deducted under Section 194IB in the month of December 2021
14.02.2022TDS CertificateDecember 2021The due date for the issue of the TDS Certificate for tax deducted under Section 194M in the month of December 2021
15.02.2022Form 24G by Government officerJanuary 2022The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January 2022, has been paid without the production of a challan
15.02.2022Quarterly TDS CertificateDecember 2021TDS certificate for the quarter ending December 31, 2021 (in respect of tax deducted for payments other than wages).
15.02.2022Filing of Audit Report under section 44ABAY 2021-22The due date for filing an audit report under section 44AB for the assessment year 2021-22 in the case of a corporate or non-corporate assessee (who was due to file his or her return of income by October 31, 2021).
15.02.2022Audit report under section 44ABAY 2021-22In the case of an assessee who is also required to submit a report about foreign or specified domestic transactions under section 92E, an audit report under section 44AB for the assessment year 2021-22 is required.
15.02.2022PFJanuary 2022Due Date for the payment of PF contribution
15.02.2022ESIJanuary 2022Due Date for the payment of Employee State Insurance Contributions
25.02.2022PF ReturnJanuary 2022The Provident Fund filing deadline has passed. Every month, all entities with PF registration must file a provident fund return. Each month’s PF return is due on the 25th.
Important due dates for Company Annual Filing in the Month of February 2022
15.02.2022Form AOC 4 (CFS, XBRL, Non-XBRL)FY 2C020-21Form AOC 4 filing by Companies
28.02.2022Form MGT 7/ 7AFY 2020-21Form MGT 7A filing by Companies and One Person Company
Feb Compliance 2022

The month of February 2022, is significant for the due dates for various compliances under the Goods and Service Act, Income Tax Act, Companies Act, and LLP Act. Filing the above-mentioned forms on or before the due dates will save the Taxpayers from hefty penalties.

 
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