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
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- 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.
- Issue of TDS Certificates for:
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
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- 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.
- Furnishing of challan-cum-statement for:
Adhering to these deadlines ensures compliance with tax regulations and supports effective financial planning
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