Income tax calendar for September 2024: Key deadlines you should know

  • August 29, 2024
  • CA Chandan Agarwal's Office

Income tax calendar for September 2024: The deadlines are crucial for ensuring compliance with the Income Tax regulations in India.

Tax planning is a crucial element of financial management. For September 2024, it is essential to adhere to specific deadlines set by the income tax authorities to ensure effective tax planning and avoid any penalties.

The income tax department has published a tax calendar outlining the key due dates for the upcoming month.

Here’s a summary of the important deadlines:

September 7, 2024

    • Deadline for deposit of Tax deducted/collected for the month of August, 2024.

However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan​

September 14, 2024

    • Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of July, 2024
    • ​​Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of July, 2024
    • Due date for issue of TDS Certificate for tax deducted under section 194M in the month of July, 2024
    • ​​​Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of July, 2024​

September 15, 2024

    • Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of August, 2024 has been paid without the production of a challan
    • ​Second instalment of advance tax for the assessment year 2025-26​
    • ​Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of August, 2024

September 30, 2024

    • ​​​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of August, 2024
    • Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of August, 2024
    • Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of August, 2024
    • Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of August, 2024​
    • Due date for filing of audit report under section 44AB for the assessment year 2024-25 in the case of a corporate-assessee or non-corporate assessee (who is required to submit his/its return of income on October 31, 2024)​
    • Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on November 30, 2024)
    • Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on November 30, 2024
    • ​Furnishing of Audit report in Form no. 10B/10BB by a fund or trust or institution or any university or other educational institution or any hospital or other medical institution​

Meeting these deadlines is crucial for proper tax compliance and financial planning.

Source: https://www.cnbctv18.com/personal-finance/income-tax-calendar-september-2024-key-deadlines-full-list-tds-tcs-certificate-19466343.htm

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