Income tax calendar for June 2024 — Full list of activities you should complete next month

• June 1, 2024
• CA Chandan Agarwal's Office

Income tax planning in June 2024 is crucial for reducing tax liabilities and maximising savings. Individuals should mark key dates, such as June 7 for tax deposit and June 15 for issuing TDS certificates, to ensure compliance and avoid penalties.

Income tax planning helps in reducing tax liabilities and enhancing savings. There are several tax-related tasks that individuals should undertake in June 2024 to ensure comprehensive planning and mitigate potential consequences.

The income tax department has published a comprehensive tax calendar on its website, outlining the due dates for the month, which people should be aware of.

Let’s take a look at the due dates:

June 7, 2024

The due date for the deposit of tax deducted or collected for the month of May 2024.

Additionally, all sums deducted or collected by a government office must be paid to the Central Government on the same day, without the need for an income tax challan.

June 14, 2024

This marks the due date for issuing TDS certificates for tax deducted under various sections including 194-IA, 194-IB, 194M, and 194S by specified persons in the month of April 2024.

June 15, 2024

Several important tasks fall on this date:

• • Due date for furnishing Form 24G by government offices for TDS/TCS paid in May 2024 without the production of a challan.

• • Deadline for quarterly TDS certificates (excluding salary) for the quarter ending March 2024.

• • The last day for issuing certificates of tax deducted at source to employees for salary paid and tax deducted during the Financial Year 2023-24.

June 29, 2024

The due date for e-filing of a statement in Form No. 3CEK by eligible investment funds under section 9A, concerning their activities in the financial year 2023-24.

June 30, 2024

Several deadlines falls on this date:

• • Furnishing of challan-cum-statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in May 2024.

• • The return in respect of securities transaction tax for the financial year 2023-24.

• • Quarterly return of non-deduction of tax at source by banking companies from interest on time deposits for the quarter ending March 31, 2024.

• • Statement in Form No. 64C by Alternative Investment Funds to unit holders regarding income distributed during the previous year 2023-24.

• • Report by approved institutions/public sector companies under section 35AC(4)/(5) for the year ending March 31, 2024.

• • Due date for furnishing a statement of income distributed by business trusts to unit holders during the financial year 2023-24 in Form No. 64B.

• Furnishing of Equalisation Levy statement for the Financial Year 2023-24.

Source: https://www.cnbctv18.com/personal-finance/income-tax-calendar-june-2024-list-of-activities-deadlines-due-dates-tds-tcs-deposit-19420954.htm