Income Tax Calendar: Important news for taxpayers. Actually, the Income Tax Department has released a tax calendar on its website, in which the due dates of this month have been mentioned, about which most of the people are not aware… So to know the complete information related to this update, read the news. Read it completely.
Income tax planning helps in increasing savings by reducing tax liability. Meanwhile, in the last month of the current year, many tax related tasks will have to be done for proper planning and to avoid possible consequences. The Income Tax Department has released a tax calendar on its website, in which the due dates of this month have been mentioned, about which people should be aware.
7 December-
This date is the date of deposit of tax deducted or collected in the month of November 2023. However, all payments of tax deducted or taken by any office of the Government shall be deposited in the account of the Central Government on the same day on which the tax is paid without presenting the income tax challan.
15 December-
This is the due date of submission of Form 24G by the government office where TDS/TCS payment for the month of November 2023 has been made without submitting the challan.
This date is also the deadline for payment of the third installment of advance tax for the assessment year 2024-25.
This is also the due date for issuance of TDS certificate for tax deducted under sections 194-IA, 194-IB, 194S and 194M in the month of October 2023.
This is also the due date of furnishing the statement in Form No. 3BB, where the client code has been modified after registration in the system by a stock exchange in respect of transactions for the month of November 2023.
30 December-
This is the due date for furnishing challan-cum-statement in respect of tax deducted under sections 194-IB, 194M, 194S and 194-IA in the month of November 2023.
31 December-
This is the deadline for all assessees to file belated/revised Income Tax Returns (ITR) for assessment year 2023-24 (provided the assessment is not completed before December 31, 2023).
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