October 2024 Tax Calendar
Being aware of key deadlines enables taxpayers to plan effectively and take full advantage of deductions, exemptions, and other tax benefits.
Income Tax Calendar 2024: India’s tax system has important deadlines spread across the fiscal year, which runs from April 1 to March 31. These dates are essential for handling tax-related tasks. Staying on top of the Income Tax Department’s calendar helps individuals and businesses remain compliant with tax laws, avoid penalties, and manage their finances smoothly.
Knowing these deadlines also allows you to plan, so you can take advantage of available deductions, exemptions, and other tax benefits.
Know the tax calendar for October 2024 according to the Income Tax department;
Monday, October 7, 2024
- Due date for deposit of tax deducted/collected for the month of September 2024. However, all sum 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
- Due date for deposit of TDS for the period July 2024 to September 2024 when the Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H
Tuesday, October 15, 2024
- The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September 2024 has been paid without the production of a challan
- Due date for issue of TDS Certificate for tax deducted under section 194-IB in August 2024
- The due date for issue of TDS Certificate for tax deducted under section 194-IA in August 2024
- The due date for issue of TDS Certificate for tax deducted under section 194M in August 2024
- The due date for issue of TDS Certificate for tax deducted under section 194S (by a specified person) in August 2024
- Quarterly statement of TCS deposited for the quarter ending September 30, 2024
- Upload declarations received from recipients in Form No. 15G/15H during the quarter ending September 2024
- The due 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 September, 2024
Wednesday, October 30, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of September, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of September, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in September, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of September, 2024
- Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2024
Thursday, October 31, 2024
- Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year 2023-24
- Quarterly statement of TDS deposited for the quarter ending September, 2024
- Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)
- Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September, 2024
- Copies of the declaration received in Form No. 60 during April 1, 2024 to September 30, 2024 to the concerned Director/Joint Director
- Due date for filing of return of income for the assessment year 2024-25 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c)partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A apply
- Audit report under section 44AB for the assessment year 2024-25 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E
- Report to be furnished in Form 3CEB in respect of international transactions and specified domestic transaction
- The due date for e-filing of the 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 a return of income on October 31, 2024)
- 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 October 31, 2024)
- Submit a copy of the audit of accounts to the Secretary, Department of Scientific and Industrial Research in case the company is eligible for weighted deduction under section 35(2AB) [if a company does not have any international/specified domestic transaction]
- Intimation in Form 10BBB by a pension fund in respect of each investment made in India for the quarter ending September 2024
- Intimation in Form II by Sovereign Wealth Fund in respect of investment made in India for the quarter ending September 2024.
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