Key earnings tax due dates in Might 2024. (Consultant picture)
Earnings Tax Calendar For Might 2024: From TDS deposit to TDS/ TCS certificates and challans to advance tax to audit report; here is the whole checklist of actions it is best to full this month
Earnings Tax Calendar for Might 2024: Even because the second month of the monetary yr 2024-25 has arrived, it’s essential to know the important earnings tax deadlines for tax planning this month. Tax planning is a vital a part of monetary administration. A tax calendar helps taxpayers keep organised and compliant with tax necessities. Listed here are the tax due dates for Might 2024.
| Deadline | Earnings Tax Exercise |
| Might 7 | TDS and TCS Deposits |
| Might 15 | TDS Certificates, TCS Quarterly Assertion, Kind 24G, Kind 2BB |
| Might 30 | Challan-Cum-Assertion in respect of TDS, Quarterly Assertion of TCS, Kind 49C |
| Might 31 | Quarterly Assertion Of TDS, Superannuation Fund, E-filing of Anuual Assertion by FIs, PAN Software, Kind 9A, Kind 10, Kind 10BD, Kind 10BE |
Might 7: TDS/ TCS
Due date for deposit of tax deducted/collected (TDS/ TCS) for April 2024. Nonetheless, all sum deducted/collected by an workplace of the federal government shall be paid to the credit score of the central authorities on the identical day the place tax is paid with out manufacturing of an earnings tax challan.
Might 15: TDS Certificates, TCS Quarterly Assertion, Kind 24G, Kind 2BB
It’s the final date for furnishing of Kind 24G by an workplace of the Authorities the place TDS/TCS for April 2023 has been paid with out the manufacturing of a challan.
December 15 is the due date for problem of TDS certificates for tax deducted underneath Part 194-IA, Part 194-IB, Part 194M and Part 194S within the month of March 2024.
This date can be the final date for furnishing assertion in Kind no. 3BB by a inventory trade in respect of transactions through which consumer codes been modified after registering within the system for April 2024.
Might 30: Challan-Cum-Assertion, Kind 49C,
It’s the due date for furnishing of challan-cum-statement in respect of tax deducted underneath Part 194-IA, Part 194-IB, Part 194M and Part 194S in March 2024.
The final date for subimission of an announcement (in Kind No. 49C) by non-resident having a liaison workplace in India for the monetary yr 2023-24.
Might 30 can be the deadline for the issuance of TCS certificates for the 4th Quarter of the Monetary 12 months 2023-24.
Might 31: Quarterly Assertion Of TDS, Superannuation Fund, E-filing of Anuual Assertion by FIs, PAN Software, Kind 9A, Kind 10, Kind 10BD, Kind 10BE
It’s the final day for quarterly assertion of TDS deposited for the quarter ending March 31, 2024.
Additionally it is the due date for return of tax deduction from contributions paid by the trustees of an accepted superannuation fund.
Might 31 can be the due date for furnishing of assertion of economic transaction (in Kind No. 61A) as required to be furnished underneath sub-section (1) of part 285BA of the Act respect for monetary yr 2023-24.
This date is the additionally the final date for e-filing of annual assertion of reportable accounts as required to be furnished underneath part 285BA(1)(ok) (in Kind No. 61B) for calendar yr 2023 by reporting monetary establishments.
It’s the deadline for software for allotment of PAN in case of non-individual resident individual, which enters right into a monetary transaction of Rs 2,50,000 or extra throughout FY 2023-24 and hasn’t been allotted any PAN.
Final date for software for allotment of PAN in case of individual being managing director, director, associate, trustee, writer, founder, karta, chief government officer, principal officer or workplace bearer of the individual referred to in Rule 114(3)(v) or any individual competent to behave on behalf of the individual referred to in Rule 114(3)(v) and who hasn’t allotted any PAN.
Might 31 is the final date for software in Kind 9A for exercising the choice obtainable underneath Clarification to part 11(1) to use earnings of earlier yr within the subsequent yr or in future (if the assessee is required to submit return of earnings on or earlier than July 31, 2024).
Assertion in Kind No. 10 must be furnished by Might 31 to build up earnings for future software underneath part 10(21) or part 11(1) (if the assessee is required to submit return of earnings on or earlier than July 31, 2024).
Reporting individuals must furnish assertion of donation in Kind 10BD underneath part 80G(5)(iii) or part part 35(1A)(i) in respect of the monetary yr 2023-24.
Might 31 is the deadline certificates of donation in Kind no. 10BE as referred to in part 80G(5)(ix) or part 35(1A)(ii) to the donor specifying the quantity of donation acquired throughout the monetary yr 2023-24.
