Active Stocks
Mon Mar 04 2024 10:20:48
  1. Tata Steel share price
  2. 151.90 -2.09%
  1. Bharti Airtel share price
  2. 1,145.40 1.31%
  1. NTPC share price
  2. 352.30 3.06%
  1. Power Grid Corporation Of India share price
  2. 293.85 2.42%
  1. Tata Motors share price
  2. 984.95 -0.35%
Business News/ Money / Personal Finance/  Income Tax calendar for December 2023; check all important deadlines that you should not miss this month
BackBack

Income Tax calendar for December 2023; check all important deadlines that you should not miss this month

Taxpayers should be aware of upcoming income tax deadlines in December 2023. This comprehensive tax calendar outlines important dates for individuals and businesses to be mindful of.

We will outline the key income tax deadlines for December 2023Premium
We will outline the key income tax deadlines for December 2023

As the year comes to a close, it is essential for all taxpayers to stay aware of the important deadlines that they must meet for their income tax obligations. December 2023 brings along several crucial dates that should not be missed. Let's take a closer look at the income tax calendar for December 2023.

7 December, 2023

This date marks the due date for the deposit of tax deducted or collected for the month of November 2023. It is important to note that all sums deducted or collected by a government office should be paid to the credit of the Central Government on the same day, where tax is paid without production of an Income-tax challan. 

15 December, 2023

Firstly, this date is the due date for furnishing Form 24G by a government office. This form should be filed if the TDS/TCS for the month of November 2023 has been paid without the production of a challan. Additionally, the third instalment of advance tax for the assessment year 2024-25 is also due on this date.

Furthermore, several TDS certificates for tax deducted in October 2023 are also required to be issued by 15th December 2023. This includes TDS certificates for tax deducted under section 194-IA, section 194-IB, section 194M, and section 194S, depending on the specific provisions applied.

On the same date, a stock exchange is also required to furnish a statement in Form no. 3BB regarding transactions in which client codes have been modified after registering in the system for the month of November 2023. 

30 December, 2023

It is essential to remember the due date for furnishing challan-cum-statement in respect of tax deducted under various sections. This includes section 194-IB, section 194M, section 194-IA, and section 194S. Timely submission of these challan-cum-statements is crucial to ensure compliance and avoid any penalties.

31 December, 2023

Lastly, there is an opportunity for those who have not yet filed their income tax return for the assessment year 2023-24 to do so. This applies to all assessments, provided that the assessment has not been completed before 31st December 2023. It is important to note that this is for both filing belated returns and revising previously filed returns. 

December 2023 has several important deadlines that taxpayers must not miss. By marking these dates in our calendars and staying proactive with tax obligations, you can navigate the tax season smoothly and avoid any unnecessary penalties or complications.

 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Deepika Chelani
A business media enthusiast. She covers the markets and personal finance beat for LiveMint.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 01 Dec 2023, 08:57 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App