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Income Tax Calendar: Under the Indian tax system, there are many important deadlines related to various works throughout the financial year i.e. from 1st April to 31st March. It is very important for individuals as well as companies, offices, banks, officials etc. to take care of these deadlines and follow the rules on time. According to the tax calendar of the Income Tax Department, many such deadlines are also coming in October 2024. Let us know about it…
7 October 2024
Last date for deposit of tax deducted/collected for the month September, 2024. However, if tax is paid without presenting income tax challan, the amount deducted/collected by the government office is deposited to the Central Government on the same day.
If the assessing officer has approved quarterly deposit of TDS under section 192, 194A, 194D or 194H, the due date for deposit of TDS for the period July 2024 to September 2024 is October 7.
15 October 2024
If TDS/TCS for the month of September, 2024 is paid without submitting the challan, the last date for submission of Form 24G by the government office is October 15, 2024.
Last date for issue of TDS certificate for tax deducted under section 194-IB in the month of August, 2024.
Last date for issue of TDS certificate for tax deducted under section 194-IA in the month of August, 2024.
Last date for issue of TDS certificate for tax deducted under section 194M in the month of August, 2024.
Due date for issue of TDS certificate for tax deducted under section 194S (by specified person) in the month of August, 2024.
Due date for submission of quarterly statement of TCS for the quarter ending September 30, 2024.
Due date for uploading the declaration received from the recipients in Form No. 15G/15H during the quarter ending September 2024.
Due date for submission of statement in Form No. 3BB by the Stock Exchange in case of transactions in which the client code has been modified after registration in the system for the month of September, 2024.
30 October 2024
Due date for furnishing challan-cum-statement for tax deducted under section 194-IA in the month of September 2024.
Due date for furnishing challan-cum-statement for tax deducted under section 194-IB in the month of September 2024.
Due date for furnishing challan-cum-statement for tax deducted under section 194M in the month of September 2024.
Due date for furnishing challan-cum-statement for tax deducted under section 194S (by specified person) in the month of September 2024.
Due date of quarterly TCS certificate (in case of tax collected by an individual) for the quarter ending 30 September 2024.
31 October 2024
Due date of furnishing of information by a designated constituent entity of an international group resident in India in Form No. 3CEAB for the accounting year 2023-24.
Due date for furnishing quarterly statement of TDS for the quarter ending September 2024.
Due date for submission of annual audited accounts for each program approved under section 35(2AA).
Due date of quarterly return of non-deduction of tax at source on interest on fixed deposits by the banking company in respect of the quarter ending September 2024.
Last date of copies of declarations received in Form No. 60 by the concerned Director/Joint Director during April 1, 2024 to September 30, 2024.
If the taxpayer is a corporate taxpayer (which has no international or specified domestic transactions) or a non-corporate taxpayer (whose books of account are required to be audited) or a partner of a firm whose accounts are required to be audited, or The partner has a spouse, and if the provisions of section 5A are applicable, the due date for filing income tax return for assessment year 2024-25 is 31 October.
Due date of audit report under section 44AB for the assessment year 2024-25, in case of a taxpayer who is required to furnish report under section 92E in respect of international transactions or specified domestic transactions.
Due date for submission of report in Form 3CEB in case of international transactions and specified domestic transactions.
Due date of furnishing of statement by the scientific research association, university, college or other association or Indian Scientific Research Company required under rules 5D, 5E and 5F (if the due date for furnishing the income tax return is October 31, 2024).
If the company is eligible for multiple deduction under section 35(2AB) (if the company has no international/specified domestic transactions), the last date for submission of audited copy of accounts to the Secretary, Department of Scientific and Industrial Research.
Due date for furnishing information in Form 10BBB by pension funds in respect of each investment made in India for the quarter ending September 30, 2024.
Due date for furnishing of information in Form II by a sovereign wealth fund in respect of every investment made in India for the quarter ending September 30, 2024.