TAX ADVISOR IN INDIA: October 2014

The Home Ministry has served notices to more than 10,000 NGOs receiving foreign funds for
failing to submit their mandatory annual returns for three consecutive years from 2009 to 2012.

On scrutiny of records, it has been found that the mandatory annual returns for the years 2009-2010, 2010-2011 and 2011-2012 have not been received from these associations.

Notices are being sent to these associations, the Home Ministry said in its notice.

The associations are advised to submit justification immediately as to why their registration under Foreign Contribution Regulation Act, 2010 should not be cancelled for non-filing of return within a stipulated time period and for violating Foreign Contribution Regulations Rules.

The list of erring foreign-funded NGOs includes the highest 1,441 NGOs in Andhra Pradesh, 1,167 in Uttar Pradesh, 1,108 in Tamil Nadu, 990 in Maharashtra, 821 in Karnataka, 748
in West Bengal, 655 in Bihar, 643 in Orissa, 538 in Kerala, 400 in Delhi, 378 in Gujarat, 38 in Jammu and Kashmir and 130 in Assam besides others.

The Home Ministry's missive to the NGOs has come three months after a classified Intelligence Bureau report had reportedly said of "anti-development" activities by several
foreign funded non-governmental organisations (NGOs), saying they were "negatively impacting economic development" by agitating against big infrastructure projects.

The Home Ministry has directed the NGOs to give details of their income, expenditure, balance sheets among other documents clearly showing the source of foreign funds and the activities for which it has been put to use.

The Ministry has made it clear that apart from the NGOs which are receiving foreign funds on an annual basis, those associations which did not receive foreign contribution during
a particular year, but are registered under the Foreign Contribution Regulation Act (FCRA), are also required to furnish a "NIL return" for that financial year within the
stipulated time frame.

It has categorically said that non-submission of mandatory annual return is in violation of the FCRA 2010 and FCRR 2011.

There are 42,529 NGOs registered under FCRA as on July 16, 2014. However, there is no specific data available in respect of NGOs not registered under FCRA.

For more visit :- http://www.raaas.com

NEW DELHI: All Income Tax offices will remain open on Saturday and Sunday to accept tax returns during the normal office hours.

A direction to this effect was issued by the Central Board of Direct Taxes ( CBDT), an official release said.

The last date for filing income tax returns on July 31. "Special arrangements have also been made by way of opening additional receipt counters, wherever required, from on July 26 to 28 and July 30 and 31 ... to facilitate the ta ..

10th October 2014 -Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 - Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 - Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)

31 October 2014 - Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014

31 October 2014 -Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014
- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf10th October 2014 -Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 - Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 - Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)

31 October 2014 - Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014

31 October 2014 -Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014
- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf10th October 2014 -Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 - Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 - Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)

31 October 2014 - Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014

31 October 2014 -Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014

- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf

10th October 2014 -Due date for deposit of Tax deducted/collected for the month of September, 2014