Tax Calendar In August 2024
Awareness of key dates allows taxpayers to plan effectively and maximise deductions, exemptions, and other tax benefits.
India’s tax system includes a series of deadlines throughout the fiscal year (April 1 to March 31) for various tax-related activities. The Income Tax Department’s tax dates calendar is essential for maintaining compliance, managing finances, and optimising tax liabilities.
Following the tax calendar helps individuals and businesses meet legal requirements, avoiding penalties and legal actions. Knowing these deadlines supports effective financial planning and budgeting, ensuring sufficient funds are available for tax payments.
Awareness of key dates allows taxpayers to plan effectively and maximise deductions, exemptions, and other tax benefits.
Know the tax calendar for August 2024 according to the income tax department;
August 07, 2024
The due date for the deposit of Tax deducted/collected for July 2024. 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 when tax is paid without the production of an Income-tax Challan
August 14, 2024
- The due date for issuing of TDS Certificate for tax deducted under section 194-IA in June 2024
- Due date for issuing of TDS Certificate for tax deducted under section 194-IB in June 2024
- The due date for issuing of TDS Certificate for tax deducted under section 194M in June 2024
- The due date for issuing of TDS Certificate for tax deducted under section 194S (by a specified person) in June 2024
August 15, 2024
- The due date for furnishing of Form 24G by an office of the Government where TDS/TCS for July 2024 has been paid without the production of a challan
- The due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for July 2024
- Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2024
August 30, 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA for July 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in July 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in July 2024
- The due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in July 2024
August 31, 2024
- Application in Form 9A for exercising the option available under Explanation to Section 11(1) to apply the income of the previous year in the next year or the future (if the assessee is required to submit a return of income on October 31, 2024).
- Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit a return of income on October 31, 2024)
