Essential Income Tax Deadlines for September 2024

Key Tax Deadlines for September 2024

Tax planning is vital for effective financial management and avoiding penalties. The income tax department has outlined crucial deadlines for September 2024. Here's a point-by-point summary:

September 7, 2024

• Deadline for depositing tax deducted/collected for August 2024.
• Government offices must pay the tax to the Central Government on the same day without an Income-tax Challan.

September 14, 2024

• • Issue of TDS Certificates for:
    • Tax deducted under section 194-IA in July 2024.
    • Tax deducted under section 194-IB in July 2024.
    • Tax deducted under section 194M in July 2024.
    • Tax deducted under section 194S (by specified person) in July 2024.

September 15, 2024

• Furnishing of Form 24G by government offices where TDS/TCS for August 2024 was paid without a challan.
• Second instalment of advance tax for the assessment year 2025-26.
• Filing of Form 3BB by stock exchanges for transactions with modified client codes for August 2024.

September 30, 2024

• • Furnishing of challan-cum-statement for:
    • Tax deducted under section 194-IA in August 2024.
    • Tax deducted under section 194-IB in August 2024.
    • Tax deducted under section 194M in August 2024.
    • Tax deducted under section 194S (by specified person) in August 2024.
  • Filing of audit report under section 44AB for the assessment year 2024-25 for corporate and non-corporate assessees (required to file by October 31, 2024).
  • Application in Form 9A to apply income of the previous year in the next year or future (if return is due by November 30, 2024).
  • Statement in Form 10 to accumulate income for future application under section 10(21) or section 11(1) (if return is due by November 30, 2024).
  • Furnishing of audit report in Form 10B/10BB by funds, trusts, institutions, universities, or hospitals.

Adhering to these deadlines ensures compliance with tax regulations and supports effective financial planning