Even as the last month of the year, December 2023, has started, it is necessary for taxpayers to know the tax deadlines this month. Meeting deadlines is a very important part of good tax planning. For this, a tax calendar may come in handy for taxpayers to stay organised and compliant with tax requirements. Here are the tax due dates for December 2023.
December 7: TDS/ TCS
It is the due date for deposit of tax deducted/collected for the month of November 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the central government on the same day where tax is paid without production of an income tax challan.
December 15: TDS/TCS, Advance Tax, TDS Certificate, Form 3BB
It is the last date for furnishing of Form 24G by an office of the Government where TDS/TCS for November 2023 has been paid without the production of a challan.
It is also the due date for third installment of advance tax for the assessment year 2024-25.
December 15 is the due date for issue of TDS certificate for tax deducted under section 194-IA in the month of October 2023.
It is the last date for issue of TDS Certificate for tax deducted under section 194-IB in the month of October 2023.
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The last date for issue of TDS Certificate for tax deducted under section 194M in October 2023.
This date is also the last date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for November 2023.
December 15 is also the due date for issue of TDS Certificate for tax deducted under section 194S in October 2023.
December 30: Challan-Cum-Statement, Form 3CEAD
It is the last date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in November 2023.
This is also the due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in November 2023.
It is due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in November 2023.
The last date of furnishing of report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is January 1, 2022 to December 31, 2022) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc.
December 30 is also the due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in November 2023.
December 31: Belated/ Revised ITR
It is the last date for filing of belated/revised return of income for the assessment year 2023-24 for all assessee (provided assessment has not been completed before December 31, 2023).
