Income Tax Calendar 2023-24 | Income Tax Important Dates for Year 2023. Tax Calendar 2023-24:

Advance Taxes of Income Tax for FY 2023-24 & AY 2024-25

Due Date	Pay Advance Tax
On or Before 15th June	15%
On or Before 15th September	45%
On or Before 15th December	75%
On or Before 15th March	100%

For businesses who have opted for Presumptive Taxation Scheme 100% of advance tax is payable by 31st March.

3. Self-Assessment Tax

This is the balance or remaining tax paid by an individual or taxpayer after taking into account the TDS and Advance Tax.

What is meant by Assessment year and Financial Year?

Financial Year is the current working year in which an individual or corporation earns income. The Assessment Year is on the other hand the succeeding year in which evaluation of the previous year’s income has to be made.

Assessment Year involves:

• Income Evaluation.
• Paying Taxes on the evaluated income as per the rate(progressive) and time ( regular or periodical or on an occasional) notified by the IT Department.
• For FY 2023-24, the AY is 2024-25.
• The last date to file the tax return (ITR) for the financial year 2023-24 is 31st July 2024.

Income Tax Calendar

Tuesday, November 7, 2023

Due date for deposit of Tax deducted/collected for the month of October, 2023. 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

Tuesday, November 14, 2023

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of September, 2023

Tuesday, November 14, 2023

Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of September, 2023

Tuesday, November 14, 2023

Due date for issue of TDS Certificate for tax deducted under section 194M in the month of September, 2023

Tuesday, November 14, 2023

Due date for issue of TDS Certificate for tax deducted under section 194S in the month of September, 2023

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

Wednesday, November 15, 2023

Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2023

Wednesday, November 15, 2023

Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of October, 2023 has been paid without the production of a challan

Wednesday, November 15, 2023

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 October, 2023

Thursday, November 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of October, 2023

Thursday, November 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of October, 2023

Thursday, November 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of October, 2023

Thursday, November 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of October, 2023

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

Thursday, November 30, 2023

Return of income for the assessment year 2023-24 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)

Thursday, November 30, 2023

Report in Form No. 3CEAA by a constituent entity of an international group for the accounting year 2022-23

Thursday, November 30, 2023

Statement of income distribution by Venture Capital Company or venture capital fund in respect of income distributed during previous Year 2022-23 (Form No. 64)

Thursday, November 30, 2023

Statement to be furnished in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT in respect of income distributed (during previous year 2022-23) to units holders

Thursday, November 30, 2023

Due date to exercise option of safe harbour rules for international transaction by furnishing Form 3CEFA.

Thursday, November 30, 2023

Due date to exercise option of safe harbour rules for specified domestic transaction by furnishing Form 3CEFB

Thursday, November 30, 2023

Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2022-23. This statement is required to be filed electronically to Principal CIT or CIT in form No. 64A

Thursday, November 30, 2023

Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company has any international/specified domestic transaction].

Thursday, November 30, 2023

Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is November 30, 2023).

Thursday, November 30, 2023

Due date for e-filing of report (in Form No. 3CEJ) by an eligible investment fund in respect of arm's length price of the remuneration paid to the fund manager. (if the assessee is required to submit return of income on November 30, 2023).

Thursday, November 30, 2023

The due date of furnishing of Return of Income in Form ITR-7 for the Assessment Year 2023-­24 in the case of assessees referred to in clause (a) of Explanation 2 to section 139(1).

Note: The due date has been extended from October 31, 2023 to November 30, 2023 vide Circular no. 16/2023, dated 18-09-2023

December, 2023

Thursday, December 7, 2023

Due date for deposit of Tax deducted/collected for the month of November, 2023. 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

Friday, December 15, 2023

Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November, 2023 has been paid without the production of a challan

Friday, December 15, 2023

Third instalment of advance tax for the assessment year 2024-25

Friday, December 15, 2023

Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of October, 2023

Friday, December 15, 2023

Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of October, 2023

Friday, December 15, 2023

Due date for issue of TDS Certificate for tax deducted under section 194M in the month of October, 2023

Friday, December 15, 2023

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 November, 2023

Friday, December 15, 2023

Due date for issue of TDS Certificate for tax deducted under section 194S in the month of October, 2023

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

Saturday, December 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of November 2023

Saturday, December 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of November, 2023

Saturday, December 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of November, 2023

Saturday, December 30, 2023

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

Saturday, December 30, 2023

Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of November, 2023

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

Sunday, December 31, 2023

Filing of belated/revised return of income for the assessment year 2023-24 for all assessee (provided assessment has not been completed before December 31, 2023)