As now we have entered the month of March, the pressure has risen to a level to finalize/ close the books of accounts. We need to close our books of accounts of this financial year up to 31^st March. Beside this, we have to take care of all the due dates in March.  

Through this article, we remind you all the important due dates which must be marked in your calendar i.e., tax things to do before 31st March 2015.

1. TDS/ TCS (a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific nature   of payment to the other person and deducted amount is remitted to the Government account)

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

2. Advance Tax Payment (the income tax payable if your tax liability is more than Rs. 10,000 in a financial year)- 15^th March (for 4^th and the last quarter for the FY 2014-15)

3. Excise (an inland 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)

• Payment

                 -For All Assesses if Period of Removal of Goods is in the month of February–5^thMarch(For e-payment 6^th March)

               -For All Assesses, if Period of Removal of Goods is in the month of March–31^st March

• Return

                -For All Assesses except SSI and if Period of Removal of Goods is in the month of February–10^th March

4. Service Tax Payment (imposed by Government of India on services provided in India)

• Service Tax (Corporate, Trust, Societies)

              -If Service tax charged on revenue in the month of February- 5^th March (For e-payment 6^th March)

              -If Service tax charged on revenue in the month of March- 31st March

• Service Tax (Individual, LLP,firm, proprietorship)

–For Jan to March– 31^st March

5. Provident Fund (an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement)

• Payment– 15^th March (for the month of Feb 2015)
• Return–21st March (for the month of Feb 2015)

6. Employees’ State Insurance (a self-financing social security and health insurance scheme for Indian workers)

• Payment– 21^st March (for the month of Feb 2015)

7. VAT/ CST (tax assessed on the supply of goods and services)

• Payment– 21^st March
• Return– 21^st March

8. Professional Tax (tax on earning from salary or from any profession)

• Payment– 31^st March
• Return– 31^st March

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