November has started and in such a situation, all the honest taxpayers and companies of the country have to do important tax related work this month, about which they should be aware. The Income Tax Department has given information to the public about these important dates in the calendar. Read important dates related to tax related matters of this month.
The month of November has started and in such a situation, all the honest taxpayers and companies of the country have some important tax related work to do this month, about which you should be informed.
People have been informed about these important dates in the calendar by the Income Tax Department . You can plan your taxes by keeping these dates in mind. Let us know which date is important from tax point of view this month.
7 November 2023
This day is the due date for deposit of tax deducted/collected for the previous month i.e. October, 2023.
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However, all amounts deducted/collected by any office of the Government shall be paid into the account of the Central Government on the same day where the tax is paid without production of Income Tax Challan.
14 November 2023
This day is the due date for issuing TDS certificate for tax deduction under Income Tax Section 194-IA, 194- IB, 194-M and 194-S for September, 2023.
15 November 2023
​Due date for submission of quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the September quarter
Due date of furnishing Form 24G by the Government office where TDS/TCS has been paid without furnishing the challan for the month of October, 2023.
Stock exchanges are required to furnish details in Form No. 3BB. For transactions in which the client code has been modified after registration in the system for the month of October 2023.
30 November 2023
- Challan-cum-statement in respect of tax deducted under sections 194-IA, 194-IB, 194M and 194S for October 2023 will have to be submitted by this date.
- November 30 is the due date for filing return of income for assessment year 2023-24 for individuals or entities who are required to submit a report under section 92E relating to international or specified domestic transactions.
- Apart from this, constituent entities of international groups will have to submit Form No. 3CEAA which is for the accounting year 2022-23.
- Further, details of income distribution by venture capital companies or venture capital funds will have to be furnished in Form No. 64 for the previous year 2022-23.
- A statement in Form No. 64D is to be furnished by the Alternative Investment Fund (AIF) to the Principal CIT or CIT in respect of income distributed (during the previous year 2022-23) to unit holders.
- The due date for exercising the option of safe harbor rules for international and specified domestic transactions is November 30, 2023, for which Form 3CEFA and Form 3CEFB are required to be submitted.
- Business trusts are also required to file a statement of income distributed to unit holders during the financial year 2022-23, which has to be submitted electronically to the Principal CIT or CIT in Form No. 64A .
- For companies eligible for weighted deduction under section 35(2AB), a copy of the audit of accounts has to be submitted to the Secretary, Department of Scientific and Industrial Research (if the company has any international or specified domestic transactions).
- Scientific research associations, universities, colleges and Indian scientific research companies will have to submit a statement as per rules 5D, 5E, and 5F (if the due date for submission of return of income is November 30, 2023).
- Eligible investment funds will have to file a report in Form No. 3CEJ providing details of the estimated value of remuneration paid to the fund manager (if the assessee is required to furnish return of income by November 30, 2023).
- If the assessee is referred to in clause (a) of Explanation 2 to section 139(1), he is required to furnish return of income in Form ITR-7 for the assessment year 2023-24.
