RELEASED - Service Tax Law & Procedure [Budget Edn. 2008] BY ASHOK BATRA:

: 05-03-2007 SERVICE TAX Last date for payment of Service Tax for the month of February, 2007 for assessee's other than individual, proprietory firm or partnership firms.

: 07-03-2007 INCOME TAX * Last date for deposit of TDS under Income Tax Act, 1961 deducted/deductible in February, 2007 on all type of payments. * Last date for deposit of Tax Collected at Source U/s. 206C of Income Tax Act, 1961 in February, 2007. * Last date of submission of declaration i.e., 27C (TCS) obtained from manufacturer during the month of February, 2007 to the Commissioner/Chief Commissioner of Income Tax as the case may be.

:15-03-2007 EPF Last date for deposit of PF under Employees Provident Fund & Misc. Provision Act, 1952 deducted for the month of February, 2007. DVAT Last date for payment of tax deducted at source on payment made to contractors during February, 2007 INCOME TAX * Third instalment (in the case of an assessee other than a company) or fourth instalment (in the case of a company) of advance income tax for the assessment year 2007-08 is to be paid. 100% of the total expected tax to be deposited in the case of a non-corporate assessee and 100% of the total expected tax to be deposited in the case of a corporate assessee * Payment of 4th quarterly instalment of Advance Tax on Fringe Benefits.

:21-03-2007 ESI Last date for deposit of ESI under Employees State Insurance Act, 1948 deducted for the month of February, 2007.

:22-03-2007 DVAT Date of issuance of certificate for Tax Deducted at Source in the month of February, 2007

:25-03-2007 DVAT Due date of payment of tax and e-filing of returns for the month of February, 2007 of dealers whose tax period is a month

:28-03-2007 DVAT Due date of filing of return for the month of February, 2007 in physical form where the tax period of a dealer is monthly i.e., the dealer having annual turnover in excess of Rs. 5 crores during financial year 2005-2006.

:30-03-2007 EPF Monthly Return under Employees Provident Fund & Misc. Provision Act, 1952 for the month of February, 2007 * Yearly Return under Employees Provident Fund & Misc. Provision Act, 1952 for the period from 1st March, 2006 to 28th February, 2007. DVAT Last date for furnishing of reconciliation return in Form DVAT 51 for the period from 01.10.2006 to 31.12.2006 along with Central Statutory Forms for this period.

:31-03-2007 SERVICE TAX Last date for payment of Service Tax for the month of March, 2007 by corporate assessee's and for the Q.E. 31.03.2007 by other assessee's. INCOME TAX * TDS Certificate of tax deducted (other than salary) during the month of February, 2007. * Last date of issuance of certificate for tax collection at source U/s. 206C of Income Tax Act, 1961 for the month of February, 2007. * Last date of submission of Income Tax / Wealth Tax Returns for the A.Y. 2006-07 for all assessee's (other than tax audit returns) without penalty of Rs. 5,000/-. * To ensure that Tax Deducted at Source during the current financial year i.e., F.Y. 2006-07 is deposited by 31st March, 2007 so that no expense is disallowed U/s. 40 (a) of the Income Tax Act, 1961.