Today is January 15 and this date is also the last date to complete many income tax related tasks. Today is the last day to file Form 15cc, Form 15G, Form 15H, Form 49BA. If you also have to file this, then definitely complete this work today. Otherwise it may cost you dearly. The Income Tax Department has also flashed information regarding these deadlines on its official website.
Form 15CC
According to the Income Tax Department, every authorized dealer transferring funds to a non-resident, not being a company, or to a foreign company, is required to file a quarterly statement of remittance of such funds in Form 15CC. Let us tell you, Form 15CC can be submitted only through online mode. To file the form online, login to the e-filing portal, select the form, prepare and submit the form. It is required to be submitted electronically to the competent authority of the Income Tax Department within 15 days from the end of the quarter of the financial year to which such payment relates.
Form 15G/15H
Form 15G and Form 15H are self-declaration forms that taxpayers submit to the bank requesting that TDS not be deducted on interest income as their income is below the basic exemption limit. For this it is necessary to give PAN. Some banks allow you to submit these forms online through the bank’s website. In such a situation, you must submit this form to your bank today, so that TDS (Tax Deducted at Source) is not deducted.
Form 49BA
The last date for filing Form 49BA by funds specified under Rule 114AAB for October-December 2024 is January 15. Alternative Investment Funds (AIFs) are required to file quarterly details in Form No. 49BA. It has to submit the declaration received from the taxpayer within 15 days from the end of the quarter to which this detail relates. Additionally, the stock broker is required to submit quarterly statements in Form No. 49BA. If you also have the responsibility of filing this form, then complete this work today itself. Form 49BA has to be filed electronically through the e-filing portal.
The deadline for these works is till 30 January
According to the Income Tax Department, TCS certificate, Form 26QB, Form 26QC, Form 26QD and Form 26QE have to be filed by January 30. In such a situation, you have only 15 days left from today. It is wise to fulfill these responsibilities by the set deadline. The deadline to file Form-II is January 31.
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