IT Dept November 2023 Deadlines: Know All Dates For Tax Compliance, Check Full List – News18

The tax calendar of the Income Tax Department (IT division) in India lists all of the essential tax-associated deadlines, equivalent to due dates for submitting revenue tax returns, paying advance tax, and deducting tax at supply. If you miss any of those deadlines, you will have to pay late fee charges and penalties.

Knowledge of the tax calendar is important for sustaining monetary self-discipline, avoiding penalties, and guaranteeing compliance with the tax legal guidelines and rules of the Income Tax Department. It permits people and companies to plan successfully, handle their funds effectively, and fulfil their tax obligations in a well timed method.

Here’s the tax calendar for the month of November 2023:

November 7, 2023

​Due date for deposit of tax deducted/collected for the month of October, 2023. However, all sum deducted/collected by an workplace of the federal government shall be paid to the credit score of the Central Government on the identical day the place tax is paid with out manufacturing of an Income-tax challan.

November 14, 2023

• ​Due date for subject of TDS Certificate for tax deducted below part 194-IA within the month of September, 2023
• Due date for subject of TDS Certificate for tax deducted below part 194-IB within the month of September, 2023
• Due date for subject of TDS Certificate for tax deducted below part 194M within the month of September, 2023
• Due date for subject of TDS Certificate for tax deducted below part 194S within the month of September, 2023. Applicable in case of specified particular person as talked about below part 194S

November 15, 2023

• ​Quarterly TDS certificates (in respect of tax deducted for funds aside from wage) for the quarter ending September 30, 2023
• ​Due date for furnishing of Form 24G by an workplace of the Government the place TDS/TCS for the month of October, 2023 has been paid with out the manufacturing of a challan
• Due date for furnishing assertion in Form no. 3BB by a inventory change in respect of transactions through which consumer codes been modified after registering within the system for the month of October, 2023

November 30, 2023

• ​​Due date for furnishing of challan-cum-assertion in respect of tax deducted below part 194-IA within the month of October, 2023
• ​​Due date for furnishing of challan-cum-assertion in respect of tax deducted below part 194-IB within the month of October, 2023
• Due date for furnishing of challan-cum-assertion in respect of tax deducted below part 194M within the month of October, 2023
• Due date for furnishing of challan-cum-assertion in respect of tax deducted below part 194S within the month of October, 2023. Applicable in case of specified particular person as talked about below part 194S
• Return of revenue for the evaluation yr 2023-24 within the case of an assessee if he/it’s required to submit a report below part 92E pertaining to worldwide or specified home transaction(s)​
• Report in Form No. 3CEAA by a constituent entity of a world group for the accounting yr 2022-23
• Statement of revenue distribution by Venture Capital Company or enterprise capital fund in respect of revenue distributed throughout earlier Year 2022-23 (Form No. 64)​
• Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of revenue distributed (throughout earlier yr 2022-23) to items holders
• ​Due date to train choice of protected harbour guidelines for worldwide transaction by furnishing Form 3CEFA.​
• Due date to train choice of protected harbour guidelines for specified home transaction by furnishing Form 3CEFB​
• ​Due date for submitting of assertion of revenue distributed by enterprise belief to unit holders through the monetary yr 2022-23. This assertion is required to be filed electronically to Principal CIT or CIT in type No. 64A
• ​Submit a replica of the audit of accounts to the Secretary, Department of Scientific and Industrial Research in case the corporate is eligible for weighted deduction below part 35(2AB) [if company has any international/specified domestic transaction].
• ​​Statement by scientific analysis affiliation, college, school or different affiliation or Indian scientific analysis firm as required by guidelines 5D, 5E and 5F (if due date of submission of return of revenue is November 30, 2023).​
• ​Due date for e-submitting of report (in Form No. 3CEJ) by an eligible funding fund in respect of arm’s size value of the remuneration paid to the fund supervisor. (if the assessee is required to submit return of revenue on November 30, 2023).
• The due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023­24 within the case of assessees referred to in clause (a) of Explanation 2 to part 139(1). The due date has been prolonged from October 31, 2023 to November 30, 2023