April 13, 2024

Earnings tax planning might help you cut back your tax payments and enhance your financial savings. People ought to do many tax-related chores in November 2023 to ensure complete preparedness and forestall potential repercussions. The revenue tax company has launched an entire tax calendar on its web site, highlighting the essential due dates for the month.

Important Tax Dates for November 2023

November 7

That is the deadline for submitting the tax deducted/collected for the month of October 2023. Nonetheless, any sums deducted/collected by a authorities workplace have to be remitted to the credit score of the Central Authorities on the identical day tax is paid, even when no revenue tax challan is produced.

November 14

It’s the deadline to problem TDS certificates for taxes deducted underneath sections 194-IA, 194-IB, 194M, and 194S within the month of September 2023.

November 15

That is the deadline for submitting a quarterly TDS certificates (for tax deducted on non-salary funds) for the fiscal quarter ending September 30, 2023. It’s also the deadline for submitting Kind 24G by a authorities company when TDS/TCS for the month of October 2023 was paid with out the submission of a challan.

Moreover, taxpayers should present a inventory alternate with a declaration in Kind 3BB for transactions wherein shopper codes had been amended after enrolling within the system for the month of October 2023.

November 30

That is the deadline for submitting challan-cum-statements for taxes deducted underneath sections 194-IA, 194-IB, 194M, and 194S within the month of October 2023.

If the assessee is obliged to make a report underneath part 92E associated to international or specified home transaction(s), the return of revenue for the evaluation 12 months 2023-24 have to be submitted by November 30. Assertion of revenue distribution by Enterprise Capital Firm or Enterprise Capital Fund for the previous 12 months 2022-23 (Kind No. 64) should even be offered by this date.

Moreover, by November 30, an Various Funding Fund (AIF) should present a press release in Kind 64D to the Principal CIT or CIT in respect of income distributed (through the previous fiscal 12 months 2022-23) to unit holders.

Moreover, the deadline for exercising the choice of protected harbour guidelines for worldwide transactions by submitting Kind 3CEFA and protected harbour guidelines for specified home transactions by submitting Kind 3CEFB is November 30.‚Äč


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