Event Calendar For the Month of January

Calendar

Calendar - January Events

January 5

FEMA

Consolidated list of all the BOs/LOs/ POs opened and closed by them during a month for which a UIN has been granted by RBI

Form: Form - Part III (Annex II) See: Master Direction - Under FEMA Act

Consolidated list of all the Branch Office (BO)/ Liaison Office (LO) / Project Office (PO) opened and closed by them during a month

January 7

FEMA

Reporting of actual transactions of External Commercial Borrowings (ECB)

Form: Form ECB 2 See: Master Direction - Under FEMA Act

This return should be filled in for all categories of ECB. It should be submitted within 7 working days from the close of the month. If there is no transaction during a particular period, a Nil Return should be submitted.

January 7

Income Tax

Securities Transaction Tax - Due date for deposit of tax collected during any calendar month

See: Section 100 - Rule 5 - Rule 5A - Rule 6

The collected STT (Securities Transaction Tax) must be submitted to the Central Government by the seventh day of the month following the relevant calendar month by a securities transaction tax challan.

January 7

Income Tax

Commodities Transaction Tax (CTT) - Due date for deposit of tax collected during any calendar month

See: Rule 5 - Section 119

The collected CTT (Commodities Transaction Tax) must be submitted to the Central Government by the seventh day of the month following the relevant calendar month by a commodities transaction tax challan.

January 7

FEMA

Details of remittances made by NRO account

Form: Form Part VI of Annex - I See: Master Direction - Under FEMA Act

Remittances made out of NRO accounts up to 1 million USD per calendar year - Facilities to NRIs/PIOs and foreign nationals - liberalisation.

January 7

Income Tax

Monthly payment of TDS on all types of payments (Except in the case where amounted is credited in the Month of March 31)

Form: Challan Form ITNS 281 See: Rule 30(2)

January 7

Income Tax

Monthly payment of TCS u/s 206C (other than government assessee)

Form: Challan Form ITNS 281 See: Rule 37CA

January 7

Income Tax

Last date of submission of declaration i.e., for no TCS u/s 206C(1A) obtained from manufacturer to the Commissioner/Chief Commissioner of Income Tax as the case may be.

Form: Form No. 27C See: Rule 37C

January 7

Income Tax

Quarterly payment of TDS for payments u/s 192, 194A, 194D or 194H with the prior approval of the Joint Commissioner

Form: Challan Form ITNS 281 See: Rule 30(3)

January 7

Equalisation Levy

Collection and recovery of equalisation levy on specified services

Form: Challan No. 285 See: Section 166

Equalisation levy so deducted during any calendar month in shall be paid by every assessee to the credit of the Central Government by the seventh day of the month immediately following the said calendar month.

January 10

GST

TDS - Return for Tax Deducted at Source

Form: GSTR - 7 See: Rule 66 - Section 51

Every registered person required to deduct tax at source under section 51

January 10

GST

TCS - Statement for tax collection at source

Form: GSTR - 8 See: Rule 67 - Section 52

January 10

FEMA

Resident Deposits-Comprehensive Single Return (NRD-CSR)

Form: Form - NRO Account-Part VI (Annex II) See: Master Direction - Under FEMA Act

Non-resident deposits comprehensive single return on NR/FCNR deposits and their transactions in a month.

January 10

FEMA

Summary statement of sale and purchase of foreign currency notes

Form: Form - FLM 8 for FFMCs See: Master Direction - Money Changing Activities - Master direction - under FEMA Act

January 10

FEMA

Summary statement of sale and purchase of foreign currency notes

Form: Form - FLM 8 for ADs Category-II See: Master Direction - Money Changing Activities - Master direction - under FEMA Act

January 10

FEMA

Statement on Guarantee/ Letter of Undertaking/ Letter of Comfort issued by AD banks in respect of Trade Credit each quarter end

Form: Trade Credit Part V - Annex IV See: Master circular - Master direction - under FEMA Act

AD banks are required to furnish data on issuance of guarantees/LoUs/LoCs by all its branches, in a consolidated statement, at quarterly intervals

January 10

FEMA

Form for reporting of details of Trade Credit

Form: Form Trade Credit (TC) See: Master Direction - Under FEMA Act - Master Circular

January 10

FEMA

Import of gold by EOUs, units in SEZ/EPZ and nominated agencies (Monthly)

Form: Form - Return Code R132 See: Master Direction - Under FEMA Act

January 11

GST

Details of outward supplies of goods or services [ For the Turnover exceeding 5 Cr or opted to file monthly return ]

Form: GSTR - 1 See: Rule 59 - Section 37 - Notification no. 83/2020

According to Section 37, the due date of filling of Form GSTR-1 is the 10th of the succeeding month. However, this due date has been extended to the 11th of the succeeding month as per Notification No. 83/2020.

January 13

GST

Return by non-resident taxable person

Form: GSTR - 5 See: Rule 63 - section 27 - Section 39(5)

Non- Resident Taxpayers need to file return in Form GSTR-5 for the period for which they have obtained registration within a period of seven days after the date of expiry of registration. In case, validity of registration is more than one month, monthly return (s) should be) should be filed by 13th of the month (applicable from October 2022) and 20th of the month(for return periods from July 2017 till Sep 2022) succeeding the tax period or within seven days of closing the business whichever is earlier.

January 13

GST

Details of outward supplies of goods or services [ Opted for quarterly filling as per QRMP scheme ]

Form: GSTR 1 See: Section 37 - Rule 59 - Notification 83/2020

According to Section 37, the due date is the 10th of the succeeding month. However, this due date has been extended to the 11th of the succeeding month as per Notification No. 83/2020.

January 13

GST

ISD - Return for input service distributor

Form: GSTR - 6 See: Rule 65 - Section 20

Every Input Service Distributor.

January 14

Income Tax

Issuance of certificate of tax deducted at source under section 194IA

Form: Form No. 16B See: Section 194IA - Rule 31(3A)

January 14

Income Tax

Issuance of certificate of tax deducted at source under section 194IB

Form: Form No. 16C See: Section 194IB - Rule 31(3B)

January 14

Income Tax

Issuance of certificate of tax deducted at source under section 194M

Form: Form No. 16D See: Section 194M - Rule 31(3C)

January 14

Income Tax

Issuance of certificate of tax deducted at source under section 194S

Form: Form No. 16E See: Section 194S - Rule 31(3D)

January 15

Income Tax

Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for each quarter during the financial year.

Form: Form No. 15CC See: Rule 37BB

January 15

FEMA

Monthly Report to be submitted by the AD-Category II for the every month

Form: Monthly Report by the AD-Category II See: Section 10

January 15

Income Tax

Furnishing TDS/TCS Book Adjustment Statement by an office of the Government

Form: Form No. 24G See: Rule 30 - Rule 37CA

January 15

Income Tax

Due date for furnishing statement in Form No. 3BB by a stock exchange in respect of trading in derivatives in which client codes been modified after registering in the system.

Form: Form No. 3BB See: Rule 6DDA - Section 43(5)(d)

A stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of proviso to clause (5)(d) of section 43.

January 15

Income Tax

Due date for furnishing statement in Form No. 3BC by a recognised association in respect of trading in commodities in which client codes have been modified after registering in the system.

Form: Form no. 3BC See: Rule 6DDC - Section 43(5)(e)

A recognised association is required to fulfil to be notified as a recognised association for the purposes of the proviso to clause (5)(e) of section 43.

January 15

Income Tax

Furnishing quarterly statement to be furnished by a unit of an International Financial Services Centre, as referred to in section 80LA(1A), in respect of remittances, made for the each quarter of financial year.

Form: Form 15CD See: Section 80LA - Rule 37BB

Deductions u/s 80LA(1A) in respect of certain incomes of Offshore Banking Units and International Financial Services Centre.

January 15

PF ESI

Monthly - Payment of Provident Fund Contribution for the previous month (plus grace period of 5 days)

In case of delay, interest will be charged from 16th day.

January 15

PF ESI

Monthly - Payment of ESI Contribution for the previous month

The ESIC had changed the Payment Due Date from “Within 21 days" To “Within 15 Days” with effect from the contribution for the month of June 2017.

January 15

PF ESI

Monthly - EPF - Return of Employees qualifying for membership to the EPF for the first time during previous month.

January 15

PF ESI

Monthly - EPF - Return of member leaving service during the previous month

January 15

PF ESI

Exempted establishment - EPS/ EDLIS - Monthly Return of members joining service during the previous month.

January 15

PF ESI

Exempted extablishment - EPS/EDLIS - Monthly Return of Members Leaving Service During the previous Month

January 15

Income Tax

Quarterly Statement of collection of tax at source (TCS)

Form: Form No. 27EQ See: Section 206C - Rule 31AA

January 15

Income Tax

Quarterly submission of copy of declaration forms received from deductee by the deductor for non deduction of TDS u/s 197A before the Chief Commissioner or Commissioner

Form: Form 15G and Form 15H See: Rule 29C - Not. No. 9/2016

January 15

FEMA

Statement showing inflows of foreign currency through Exchange Houses during the quarter ended

Form: E-statement - RDA Sataement See: Master Direction - Under FEMA Act

This quarterly statement on total remittances received every quarter is required to be submitted using the eXtensible Business Reporting Language (XBRL) system(https://secweb.rbi.org.in/orfsxbrl/) before 15th of the succeeding month to which the quarter relates.

January 15

FEMA

Updated List of Sub Agents, Overseas Principal-Indian Agent wise

Form: Overseas Principal-Indian Agent wise list of sub-agents (MTSS) - Part I- Annex XV See: Master Direction - Under FEMA Act

Indian Agents should forward a full updated list (names and addresses and their location) of their Sub Agents by e-mail, in excel format, in soft form, to the concerned FED Regional Office, whenever they appoint/ remove any Sub Agent. Indian Agents who are non-bank Authorised Category- II / FFMC shall submit the same in the APConnect application.

January 15

FEMA

Quarterly statement of the quantum of remittances received (MTSS)

Form: MTSS Qtly Statement Part I - Annex XVI See: Master Direction - Under FEMA Act

To be submitted by the Indian Agents through Centralised Information Management System (CIMS) (URL: https://sankalan.rbi.org.in) within 15 days from the close of the quarter to which it relates. In case no remittance was received during a quarter, a ‘NIL’ report shall be submitted.

January 15

Income Tax

Quarterly statement to be furnished by specified fund or stock broker in respect of a non-resident

Form: Form 49BA See: Rule 114AAB

January 18

GST

Quarterly statement for registered person opting for composition levy

Form: CMP-08 See: Rule 62 - Section 39(2) - Section 10

A registered person paying tax under the provisions of section 10

January 20

GST

Details of Outward Supplies and inward supplies and payment of Tax [ Monthly Return ]

Form: GSTR - 3B See: Rule 61 - Section 37 - Section 38

January 20

GST

OIDAR - Details of supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India

Form: GSTR - 5A See: Rule 64 - Section 14

Every registered person providing online information and data base access or retrieval services from a place outside India to a person in India other than a registered person

January 22

GST

Details of Outward Supplies and inward supplies and payment of Tax [ Each quarter Return ]

Form: GSTR 3B See: Rule 61 - Section 37 - Section 38

This due date is applicable to Registered persons whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.

January 24

GST

Details of Outward Supplies and inward supplies and payment of Tax [ Each quarter Return ]

Form: GSTR 3B See: Rule 61 - Section 37 - Section 38

This due date is applicable to Registered persons whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi.

January 25

PF ESI

Monthly - Consolidated Statement of dues and remittance under EPF Scheme, 1952, EPS 1995 and Employees' Deposit Linked Insurance Scheme, 1976 of the previous month to which the dues relate.

January 30

Income Tax

Challan cum statement on transfer of certain immovable property other than agricultural land

Form: Form No.26QB See: Section 194IA - Rule 30(2A) - Rule 31(3A) - Rule 31A(4A)

January 30

Income Tax

Quarterly issuance of Certificate of collection of tax at source (TCS)

Form: Form No. 27D See: Rule 37D

January 30

Income Tax

Challan cum statement on payment of rent by certain individuals or Hindu undivided family

Form: Form No. 26QC See: Section 194IB - Rule 30(2B) - Rule 31(3B) - Rule 31A(4B)

January 30

Income Tax

Challan cum statement on payment of certain sums by certain individuals or Hindu undivided family

Form: Form No. 26QD See: Section 194M - Rule 30(2C) - Rule 31(3C) - Rule 31A(4C)

January 30

Income Tax

Furnishing of challan cum statement by specified person in respect of tax deducted on payment on transfer of virtual digital asset

Form: Form No. 26QE See: Section 194S - Rule 30(2D) - Rule 31A(4)

January 31

Income Tax

Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter ending.

Form: Form No. 26QF See: Section 194S - Rule 31A(1)/(4E)

January 31

Transfer Pricing

Intimation under section 286(1), by a resident constituent entity of an international group whose parent is non resident

Form: Form No. 3CEAC See: Section 286(1) - Rule 10DB

January 31

Income Tax

Intimate the details by Pension Fund in respect of each investment made by it in India during the quarter within one month from the end of the quarter

Form: Form No. 10BBB See: Section 10(23FE) - Rule 2DB

January 31

Income Tax

Quarterly Statement of deduction of tax at source (TDS) on salary u/s 192 for the quarter ending June 30,September 30 or December 31

Form: Form No. 24Q See: Rule 31A

January 31

Income Tax

Quarterly Statement of deduction of tax at source (TDS) in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident for the quarter ending June 30,September 30 or December 31

Form: Form No. 27Q See: Rule 31A

January 31

Income Tax

Quarterly Statement of deduction of tax at source (TDS) in respect of all other deductees for the quarter ending June 30,September 30 or December 31

Form: Form No. 26Q See: Rule 31A

January 31

Income Tax

Quarterly return of non -deduction at source by a banking company from interest on deposit in respect of the quarter ending

Form: Form 26QAA See: Section 206A(1) - Rule 31ACA