Being aware of key deadlines enables taxpayers to take full advantage of deductions, exemptions, and other tax benefits.
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Income Tax Calendar 2024: India’s tax system revolves around a fiscal year stretching from April 1 to March 31, marked by crucial deadlines that guide taxpayers through their financial responsibilities. Keeping a keen eye on the Income Tax Department’s schedule is vital for individuals and businesses to stay compliant, steer clear of penalties, and maintain financial harmony.
Being aware of these key dates empowers you to strategically plan your taxes, ensuring you can maximise deductions, exemptions, and other benefits, turning tax season into an opportunity for smart financial management.
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Income Tax Deadlines November 2024
Know the tax calendar for November 2024 according to the Income Tax department;
November 07, 2024
The due date for the deposit of Tax deducted/collected for October 2024. However, all sums deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day when tax is paid without the production of an Income-tax Challan
November 14, 2024
- The due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of September, 2024
- Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of September, 2024
- The due date for issue of TDS Certificate for tax deducted under section 194M in the month of September, 2024
- Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of September, 2024
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November 15, 2024
- Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2024
- Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for October, 2024 has been paid without the production of a challanDue date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for October, 2024
November 30, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in October, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in October, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in October, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in October, 2024
- Return of income for the assessment year 2024-25 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)
- Report in Form No. 3CEAA by a constituent entity of an international group for the accounting year 2023-24
- Statement of income distribution by Venture Capital Company or venture capital fund in respect of income distributed during previous Year 2023-24 (Form No. 64)
- Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income distributed (during the previous year 2023-24) to unit holders
- Due date to exercise option of safe harbour rules for the international transaction by furnishing Form 3CEFA
- Due date to exercise option of safe harbour rules for specified domestic transaction by furnishing Form 3CEFB
- Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2023-24. This statement is required to be filed electronically to Principal CIT or CIT in form No. 64A
- Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company has any international/specified domestic transaction].
- Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is November 30, 2024)
- Due date for e-filing of report (in Form No. 3CEJ) by an eligible investment fund in respect of arm’s length price of the remuneration paid to the fund manager. (if the assessee is required to submit return of income on November 30, 2024)
