Mitali
Quick Summary
There are various Forms which are used to report TDS, TCS, or other tax-related transactions.
To avoid penalties, businesses, companies, and other taxpayers must file the following forms under the Income-tax Act, 1961 by December 31st, 2024:
| Forms | Description | Due Dates |
| Form 16B | Tax deducted u/s 194-IA in October 2024, the TDS certificate must be issued by the property buyer to the seller within 15 days from the due date of filing Form 26QB. Form 26QB Filing Deadline: 30th November 2024 (for October transactions). TDS Certificate Issuance Deadline: 15 days from 30th November, i.e., 15th December 2024. | 15-Dec-24 |
| Form 16C | Issue of TDS Certificate for tax deducted u/s 194-IB in the month of October, 2024. i.e, 15 days from the due date of filing of Form 26QC | 15-Dec-24 |
| Form 16D | Due date for issue of TDS Certificate for tax deducted under section 194M in the month of October, 2024 15 days from the due date of filing of Form 26QD | 15-Dec-24 |
| Form 16E | Issue of TDS Certificate for tax deducted under section 194S in the month of October 2024 i.e., 15 days from the due date of filing of Form 26QE | 15-Dec-24 |
| Form 24G | Reporting of TDS/TCS for the month of November 2024. Government offices responsible for TDS/TCS. | 15-Dec-24 |
| Form 3BB | Due date for furnishing the statement in Form No. 3BB by a stock exchange for transactions with modified client codes for November 2024 | 15-Dec-24 |
| Form 3BC | For furnishing statement in Form No. 3BC by a recognised association in respect of transactions in which client codes have been modified after registering in the system for the month of November, 2024 | 15-Dec-24 |
| Form 26QB | For furnishing of challan-cum-statement in respect of tax deducted u/s 194-IA in the month of November, 2024 i.e., It must be submitted within 30 days from the end of the month in which the TDS was deducted. | 30-Dec-24 |
| Form 26QC | For furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of November, 2024 i.e., It must be submitted within 30 days from the end of the month in which the TDS was deducted. | 30-Dec-24 |
| Form 26QD | For furnishing of challan cum statement in respect of tax deducted u/s 194M in the month of November, 2024 i.e., It must be submitted within 30 days from the end of the month in which the TDS was deducted. | 30-Dec-24 |
| Form 26QE | For furnishing of challan cum statement in respect of tax deducted u/s 194S in the month of November, 2024 i.e., It must be submitted within 30 days from the end of the month in which the TDS was deducted. | 30-Dec-24 |
| Form 3CEAD | Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub section (4) of section 286 of the Income-tax Act, 1961 (assuming reporting accounting year is January1, 2023 to December 31,2023). | 31-Dec-24 |
| Form 3CEF | Annual Compliance Report on Advance Pricing Agreement (if due date of submission of return of income is November 30, 2024) | 30-Dec-24 |
| ITR Belated Return | For furnishing belated or revised return of income for AY 2024-25 | 31-Dec-24 |
Failure to file these forms by December 31st may result in penalties.
FAQ :
The main deadline for filing various Income Tax Return forms, including those for TDS and TCS transactions, is December 31st, 2024.
The filing deadline for Form 26QB for tax deducted under section 194-IA in October 2024 is November 30th, 2024. The TDS certificate must be issued by December 15th, 2024.
Forms like 26QB, 26QC, 26QD, and 26QE for November 2024 transactions must be submitted by December 30th, 2024. Form 24G and others related to government offices are due by December 15th, 2024.
Form 3CEAD is a report required from a parent entity or other constituent entity resident in India for purposes of sub-section (2) or sub-section (4) of section 286 of the Income-tax Act, 1961, assuming a reporting accounting year of January 1, 2023, to December 31, 2023. The deadline is December 31st, 2024.
Yes, the deadline for furnishing a belated or revised return of income for AY 2024-25 is December 31st, 2024.
CAclubindia
