April 13, 2024

Vital dates for taxes, similar to submitting earnings tax returns, paying advance taxes, and deducting taxes at supply, are listed within the tax calendar that the Revenue Tax Division (IT division) supplies. Penalties and late charges could also be imposed for lacking these deadlines.

Sustaining monetary self-discipline, avoiding fines, and following the tax guidelines and rules imposed by the IT Division all rely in your skill to know the tax calendar. It makes it attainable for folks and organizations to plan correctly, handle cash properly, and file taxes on time.

Tax Calendar For March 2024

March 7, 2024

February 2024 is the deadline for depositing taxes which were deducted or collected. Nonetheless, any cash {that a} authorities company deducts or collects should be despatched to the central authorities’s account on the identical day that taxes are paid, even when an earnings tax challan just isn’t produced.

15 March 2024

  • Fourth advance tax installment for the 2024–2025 evaluation 12 months
  • The deadline for the assesses lined by the presumed scheme of part 44AD / 44ADA to pay the total quantity of advance tax in regards to the evaluation 12 months 2024–2025
  • The deadline for a authorities company to file Type 24G in instances the place TDS/TCS for February 2024 has been paid and not using a challan being produced

16 March 2024

  • The due date for submitting a TDS certificates for taxes deducted by Part 194-IA is January 2024
  • The due date for the availability of a TDS certificates for taxes deducted in January 2024 beneath part 194-IB
  • The due date for the availability of the TDS certificates for taxes deducted in January 2024 beneath part 194M
  • The due date for issuing a TDS certificates for taxes deducted (by a delegated individual) beneath part 194S is January 2024

30 March 2024

  • The due date for submitting a challan-cum-statement about taxes withheld beneath part 194-IA is February 2024
  • The due date for submitting a challan-cum-statement about taxes withheld beneath part 194-IB in February of 2024​
  • The due date for submitting a challan-cum-statement about taxes deducted beneath part 194M is February 2024
  • The due date for submitting a challan-cum-statement about taxes withheld beneath part 194S (by a delegated individual) is February 2024

31 March 2024

  • A father or mother entity or alternate reporting entity residing in India submitted a country-by-country report in Type No. 3CEAD for the previous 12 months 2022–2023 on the worldwide group of which it’s a constituent.
  • A constituent entity dwelling in India shall submit a country-by-country report in Type No. 3CEAD for a reporting accounting 12 months relating to the worldwide group of which it’s a constituent, supplied that the father or mother entity just isn’t required to file a report beneath part 286(2) or lives in a nation with which India doesn’t have an settlement for the alternate of reviews, and so forth.
  • Importing an announcement (Type 67) detailing international earnings topic to taxation and the quantity of tax deducted or paid on it within the previous 12 months 2022–2023 to get a international tax credit score, supplied that the earnings return is supplied inside the timeframe outlined in Part 139(1) or Part 139(4).
  • Delivering a revised earnings return for the evaluation 12 months 2021–2022.

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