Tax Calendar for October 2024: According to the tax calendar of the Income Tax Department, 7, 15, 30 and 31 dates are very important in the month of October. There are many important deadlines on these dates, missing which can prove to be costly.
The due date for quarterly statement of TDS submitted for the quarter ending September 2024 is 31 October 2024.
Under the Indian tax system, there are many important deadlines related to many tasks in a whole financial year i.e. from 1 April to 31 March. It is very important for individuals as well as companies, offices, banks, officials etc. to take care of these deadlines and follow the rules on time. According to the tax calendar of the Income Tax Department, many such deadlines are coming in October 2024 as well. Let’s know about this…
7 October 2024
Due date for depositing the tax deducted/collected for the month of September, 2024. However, if the tax is paid without producing the income tax challan then the amount deducted/collected by the government office is to be deposited to the Central Government on the same day.
If the assessing officer has approved quarterly deposit of TDS under sections 192, 194A, 194D or 194H, then the due date for depositing TDS for the period July 2024 to September 2024 is October 7.
15 October 2024
- If TDS/TCS payment for the month of September, 2024 has been made without submitting challan, the due date for furnishing Form 24G on behalf of a government office is 15th October 2024.
- Due date for issuance of TDS certificate for tax deducted under section 194-IB in the month of August 2024.
- Due date for issuing TDS certificate for tax deducted under section 194-IA in the month of August 2024.
- Due date for issuing TDS certificate for tax deducted under section 194M in the month of August 2024.
- Due date for issue of TDS certificate for tax deducted under section 194S (by specified person) in the month of August 2024.
- Due date for quarterly statement of TCS submitted for the quarter ending September 30, 2024.
- Due date for uploading of declarations received from recipients in Form No. 15G/15H during the quarter ending September 2024.
- Due date for furnishing statement in Form No. 3BB by the stock exchange in case of transactions where the client code has been modified after registration in the system for the month of September, 2024.
30 October 2024
- Due date for furnishing challan-cum-statement for tax deducted under section 194-IA in the month of September 2024.
- Due date for furnishing challan-cum-statement for tax deducted under section 194-IB in the month of September 2024.
- Due date for furnishing challan-cum-statement for tax deducted under section 194M in the month of September 2024.
- Due date for furnishing challan-cum-statement for tax deducted under section 194S (by specified person) in the month of September 2024.
- Due date for quarterly TCS certificate (in case of tax collected by a person) for the quarter ending September 30, 2024.
31 October 2024
- Due date for intimation by a designated constituent entity of an international group, resident in India, in Form No. 3CEAB for the accounting year 2023-24.
- Due date for quarterly statement of TDS deposited for the quarter ending September 2024.
Due date for furnishing annual audited accounts for each of the approved programmes under section 35(2AA). - Due date of quarterly return of non-deduction of tax at source from interest on time deposits by a banking company in respect of the quarter ending September, 2024.
- Due date for copies of declaration in Form No. 60 received by the concerned Director/Joint Director during April 1, 2024 to September 30, 2024.
- If the assessee is a corporate assessee (not having any international or specified domestic transaction) or a non-corporate assessee (whose books of accounts are required to be audited) or a partner of a firm whose accounts are required to be audited, or the spouse of such a partner, and if the provisions of section 5A are applicable, then the due date for filing the return of income for the assessment year 2024-25 is October 31.
- Due date of audit report under section 44AB for assessment year 2024-25 in case of an assessee who is required to furnish report in respect of international transaction or specified domestic transaction under section 92E.
- Due date for report to be furnished in Form 3CEB in case of international transactions and specified domestic transactions.
- Due date of statement on behalf of scientific research association, university, college or other association or Indian scientific research company, as required under rules 5D, 5E and 5F (if the due date for furnishing return of income is October 31, 2024).
- Due date for submitting a copy of audited account to the Secretary, Department of Scientific and Industrial Research, if the company is eligible for higher deduction under section 35(2AB) (if the company does not have any international/specified domestic transaction).
- Due date for intimation in Form 10BBB by a pension fund in respect of each investment made in India for the quarter ending September 30, 2024.
- Due date for intimation in Form II by Sovereign Wealth Fund in respect of investments made in India for the quarter ending September 30, 2024.
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