Income Tax Due Date Calendar Nov 2024

The tax system of India is based on a financial year that runs from April 1 to March 31, with key dates to help taxpayers through their financial duties. Keeping an eye on the schedule of the Income Tax Department is crucial for both individuals and companies to stay compliant, avoid penalties, and retain financial stability.

Being aware of these crucial dates allows you to strategically prepare your taxes, maximizing deductions, exemptions, and other benefits, transforming tax season into an opportunity for smart financial management.

Here in this article, we are discussing the due date of income tax compliance for the month of Nov 2024.

Income Tax Due Date November 2024

07th November 2024

The is the deposit deadline for October 2024 tax deduced and collected. However, any funds deducted/collected by a government office shall be deposited to the credit of the Central Government on the same day as the tax is paid without the provision of an Income-tax Challan.

14th November 2024

• The deadline date for issuing TDS Certificates for taxes deducted under Section 194-IA is September 2024.
• The deadline for issuing TDS certificates for taxes deducted under section 194-IB is September 2024.
• The due date for issuing of TDS Certificate for tax deducted under section 194M in the month of September 2024.
• The TDS Certificate issuing due date for tax deducted under Section 194S (by a specified person) in September 2024.

15th November 2024

• Quarterly TDS certificate (for tax deducted on payments other than salary) for the quarter ending September 30, 2024.
• The deadline for government offices to submit Form 24G if they have paid TDS/TCS for October 2024 without a challan.The deadline for stock exchanges to submit Form 3BB statements for transactions with changed client codes after registering in the system for October 2024.

30th November 2024

• The deadline for submitting a challan-cum-statement for tax deducted under Section 194-IA in the month of October 2024.
• The due date for submitting a challan-cum-statement for tax deducted under section 194-IB in the month of October 2024.
• The deadline for submitting a challan-cum-statement for tax deducted under Section 194M in the month of October 2024.
• The due date for submitting a challan-cum-statement for tax deducted under section 194S (by a specified person) in the month of October 2024.
• Return of income for AY 2024-25 for assessees who need to submit a report under section 92E for international or specified domestic transactions.
• Report in Form No. 3CEAA by a constituent entity of an international group for the accounting year 2023-24.
• Form No. 64 provides a statement of income distribution by a venture capital company or fund for the financial year preceding 2023-24.
• Alternative Investment Fund (AIF) must provide a statement in Form No. 64D to Principal CIT or CIT regarding income distributed (during the previous financial year 2023-24) to unitholders.
• Form 3CEFA must be submitted by this due date to exercise the safe harbour rules for overseas transactions.
• Form 3CEFB must be submitted by this due date to use the safe harbour rules for specific domestic transactions.
• Due date for filing a statement of income distributed by a business trust to unit holders for the financial year 2023-24. This statement must be electronically filed to Principal CIT or CIT in form No. 64A.
• If the company qualifies for a weighted deduction under section 35(2AB), submit a copy of the audited accounts to the Secretary of the Department of Scientific and Industrial Research, indicating any foreign or domestic transactions.
• ​Statement by scientific research association, university, college, or other association, or Indian scientific research corporation as required by rules 5D, 5E, and 5F (where the return of income due date is November 30, 2024).
• Due date for an eligible investment fund to e-file a report (in Form No. 3CEJ) on the arm’s length price of remuneration paid to the fund manager. (if the assessee is obliged to submit the return of income by November 30, 2024).