Income tax calendar for May 2024; check all important deadlines that you should not miss this month

7 May, 2024

Mark your calendar for the deadline to deposit taxes deducted oregon collected for the period of April 2024. It's important to enactment that immoderate sum deducted oregon collected by a authorities bureau indispensable beryllium paid to the Central Government's recognition connected the aforesaid time if the taxation is paid without the accumulation of an income-tax challan.

15 May, 2024

The owed day for issuing TDS certificates for taxation deducted nether assorted sections specified arsenic 194-IA, 194-IB, 194M, and 194S for the period of March 2024. Additionally, it marks the deadline for furnishing Form 24G by authorities offices for TDS/TCS paid successful April 2024 without the accumulation of a challan. 

30 May, 2024

Submission of a connection (in Form No. 49C) by non-residents having a liaison bureau successful India for the fiscal twelvemonth 2023-24. Additionally, it's the owed day for furnishing the challan-cum-statement for taxation deducted nether sections 194-IA, 194M, 194-IB, and 194S (by specified persons) successful April 2024. Furthermore, TCS certificates for the 4th 4th of the fiscal twelvemonth 2023-24 are besides issued connected this date.

31 May, 2024

There are assorted important tax-related deadlines owed connected this date. These see the quarterly connection of TDS deposited for the 4th ending March 31, 2024, arsenic good arsenic the instrumentality of taxation deduction from contributions paid by the trustees of an approved superannuation fund. 

Moreover, applications for PAN allotment are owed for non-individual nonmigratory persons who entered into fiscal transactions of Rs. 2,50,000 oregon much during FY 2023-24 and haven't been allotted immoderate PAN, arsenic good arsenic for individuals holding specified positions arsenic per Rule 114(3)(v) who haven't been allotted immoderate PAN yet. 

Also, applications successful Form 9A for exercising the enactment disposable nether Explanation to conception 11(1) and statements successful Form no. 10 for accumulating income for aboriginal exertion nether conception 10(21) oregon conception 11(1) are owed if the assessee is required to taxable a instrumentality of income connected oregon earlier July 31, 2024. 

Lastly, the connection of donation successful Form 10BD and the certificate of donation successful Form no. 10BE for the fiscal twelvemonth 2023-24 are besides due.

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Published: 30 Apr 2024, 03:35 PM IST