Income Tax Due Date Calender: Many important due dates in December

Taxpayers and companies must be aware of certain income tax deadlines in December 2023.

According to the Income Tax Calendar, some important days in December require thorough planning and avoid potential consequences.

To meet these needs on schedule, one must be organized and plan ahead of time. The tax calendar outlines some dates that taxpayers as well as companies should be informed about it.

Important Dates for Income Tax Payer:

December 7, 2023

The deposit of tax deducted/collected for the month of November 2023 is due on this day. However, any sums deducted/collected by a government office must be paid to the credit of the Central Government on the exact day tax is paid, even if no Income-tax Challan is produced.

December 15, 2023

1. The due date for submitting Form 24G by a government office where TDS/TCS for November 2023 was paid without the production of a challan.

2. 3rd installment of advance tax for the assessment year 2024-25.

3. The due date of issuance of TDS Certificate for tax deducted under section 194-IA for October, 2023.

4. The due date of issuance of TDS Certificate for tax deducted under section 194-IB for October, 2023.

5. The due date of issuance of TDS Certificate for tax deducted under section 194M for October, 2023.

6. The due date for a stock exchange to furnish a statement in Form 3BB for transactions in which client codes were amended after registration in the system for November 2023.

7. The due date of issuance of TDS Certificate for tax deducted under section 194S for October, 2023.

(Note: Applicable in case of specified person as mentioned under section 194S)

December 30, 2023

1. ​​The due date for submitting of challan-cum-statement in respect of tax deducted under section 194-IB for November, 2023.

2. ​​The due date for submitting of challan-cum-statement in respect of tax deducted under section 194M for November, 2023.

3. The due date for submitting of challan-cum-statement in respect of tax deducted under section 194-IA for November, 2023.

4. Reporting on Form No. 3CEAD for a reporting accounting year (assuming the reporting accounting year spans from January 1, 2022, to December 31, 2022) by an Indian constituent entity in respect of the international group of which it is a constituent if the parent entity is not required to file a report under section 286(2) or the parent entity is a resident of a country with which India does not have an agreement for the exchange of reports, etc.

5. The due date for submitting of challan-cum-statement in respect of tax deducted under section 194S for November, 2023.

Note: Applicable in case of a specified person as mentioned under section 194S

December 31, 2023

Filing of a belated/revised income tax return for the assessment year 2023-24 for all assessees (assuming the assessment has not been completed by December 31, 2023).