June 24, 2024

Tax planning is an integral a part of monetary administration. This requires information of the essential dates for tax funds. A tax calendar assists taxpayers in remaining organized and in compliance with tax laws. The next are the tax deadlines for September 2023.

Important Tax Dates for September 2023

1.  September 7: TDS/ TCS Deposit

The tax deposit deducted/collected for August 2023 is due on September 7, 2023. Nonetheless, any funds deducted/collected by a authorities company have to be remitted to the credit score of the central authorities on the identical day that tax is paid, even when no revenue tax challan is produced.

2. September 14: TDS Certificates

In July 2023, the deadline for issuing a TDS certificates for tax deducted beneath Sections 194-IA, 194-IB, 194M, and 194S is September 14.

3. September 15: Type 24G, Advance Tax, Type 3BB 

The deadline for a authorities company to submit Type 24G. It’s for people who’ve paid TDS/TCS with out producing a challan for August 2023. It is usually the deadline for paying the second advance tax installment for the fiscal 12 months 2024-25.

Other than this, a inventory change should present an announcement in Type No 3BB for transactions through which shopper codes had been amended after registration within the system for August 2023.

4. September 30: TDS Challan, Audit Report, ITR, Type 9A

It’s the deadline for submitting a challan-cum-statement for taxes deducted in August 2023 beneath Sections 194-IA, 194-IB, 194M, and 194S.

Within the occasion of a company assessee or non-corporate assessee (who’s obliged to file an revenue tax return by October 31, 2023), an audit report beneath Part 44AB should even be filed by September.

It is usually the deadline for submitting an software in Type 9A to train the choice given beneath Clarification to Part 11(1) to use the earlier 12 months’s revenue within the subsequent 12 months or sooner or later (if the assessee is obliged to file an revenue return on November 30, 2023).

A press release in Type No. 10 should even be supplied to build up income for future software beneath Part 10(21) or Part 11(1) (if the assessee is obliged to file an revenue tax return by November 30, 2023).

Taxpayers should submit the quarterly assertion of TCS and TDS deposited for the quarter ending June 30, 2023, by September 30.