May Tax Calendar: Taxpayers must follow the Income Tax Calendar strictly to avoid any problems from the Income Tax Department. Otherwise you will have to face penalties and other charges.
It is important to do the work related to Income Tax systematically and complete it on time. To avoid any problems from the Income Tax Department, taxpayers should follow the Income Tax Calendar carefully. Otherwise you will have to face penalties and other charges. Especially if the Income Tax Department does not complete the work within the stipulated time, it may also face legal problems. To avoid these problems, let us know the tax related works to be completed in 2024.
May 7, 2024
Deadline to deposit taxes deducted or collected in April 2024. Any taxes deducted or collected by government offices must be paid to the Central Government on the same day without income tax challan.
May 15, 2024
Deadline for issuing TDS certificates in respect of tax deducted under various sections like 194-IA, 194-IB, 194M, 194S in relation to March 2024. You should also take 15 days to submit Form 24G by government offices for TDS/TCS payments made in April 2024 without using challan.
TCS quarterly statement deposited for the quarter ending March 31, 2024 should be filed. By April 2024, the stock exchange must provide a statement using Form 3BB detailing the transactions in which the client code has been changed after initial registration in the system.
May 30, 2024
Non-residents having linked offices in India must submit Form No. 49C for the financial year 2023-24. The deadline for furnishing challan-cum-statement of tax deducted under sections 194-IA, 194M, 194-IB, 194S by the specified persons is 2024 April. Similarly, the last date for issuance of TCS certificates for January-March quarter is 2024.
May 31, 2024
Last date to file quarterly statement regarding TDS deposited for January-March quarter 2024. Deadline to obtain Form 10BE for any donation in 2023-24 (AY 2024-25). This form serves as proof of donations made under section 80G.
Deadline for submission of Financial Transaction Statement (Form No. 61A) for the financial year 2023-24. Reporting Financial Entities must electronically file Reportable Accounts Annual Statement (Form No. 61B) for the calendar year 2023.
