IT Due Dates for May 2024 for Forms 61A, 3BB, 10BD, 49C and 10BE
May 3, 2024 at 6:40 pm,
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Remembering the specific tax compliance schedule for May month 2024 is crucial. It is essential to follow the designated tax deadlines to prevent penalties. By being aware of and adhering to the designated income tax return filing due dates, one can prevent late filing penalties and interest charges. Furthermore, it's critical to remember that Forms 3BB, 49C, 61A, 10BD, and 10BE must all be submitted by the deadline.
Tax form filing deadlines vary for each taxpayer based on their category, specific forms required, and potential granted extensions. Here are the outlined due dates for filing tax forms to provide clarity.
| S.No. | Schedule of Complete Income Tax Compliance for May 2024 | Date |
| 1. | Taxpayers must deposit the tax that has been collected or deducted for the month of April 2024 before the deadline. It is crucial to remember that taxes that have been collected or withheld by government agencies need to be deposited into the Central Government's account on the same day. Taxpayers are not required to provide an Income Tax Challan in this instance. | 7-05-2024 |
| 2. | The date by which people or organisations that have deducted taxes at the source must provide the appropriate certificate to the corresponding taxpayers is March 2024, which is also the deadline for delivering TDS (Tax Deducted at Source) Certificates for tax deducted under section 194-IA. This certificate assists taxpayers in timely and accurately submitting their income tax returns by acting as evidence of the tax withheld. | 15-05-2024 |
| 3. | The Income Tax Department's instructions stipulate that the TDS Certificate for taxes deducted under section 194-IB in March 2024 must be delivered by the deadline. This certificate is evidence of the tax deduction and is necessary to guarantee proper and timely tax filing. | 15-05-2024 |
| 4. | The Tax Deducted at Source (TDS) Certificate must indicate the date by which the tax that was withheld in March 2024 under section 194M. | 15-05-2024 |
| 5. | The deadline for providing the TDS Certificate for tax deducted under section 194S by designated people during the month of March in the year 2024 is quickly approaching, in accordance with the standards established by the Income Tax Department. To avoid fines or legal repercussions, it is crucial to make sure the certificate is issued within the allotted period. | 15-05-2024 |
| 6. | There's a deadline to keep in mind if your government office collected tax (TDS/TCS) for April 2024 without utilising an Income Tax Challan. The deadline for electronically submitting Form 24G. | 15-05-2024 |
| 7. | A statement of the tax collected at source (TCS) that was deposited during the first quarter of the fiscal year that ends on March 31, 2024, is provided below. In order to give a clear record of the TCS gathered during this time, this statement has been created. | 15-05-2024 |
| 8. | The exchange must provide a statement in Form no. 3BB for each transaction made in April 2024 where client codes were changed after being entered into the system, according to the most recent tax legislation. The regulatory body will specify a deadline for providing this statement. | Old: 15th May 2024 New: 15-05-2024 |
| 9. | A deadline for important tax compliance is drawing near if you are a representative of a non-resident organisation that has a liaison office in India. For the fiscal year 2023–2024, you have to turn in a statement (Form No. 49C) to the Indian Income Tax Department. | 30-05-2024 |
| 10. | April 2024 is the deadline for filing the challan-cum-statement for taxes deducted U/S 194-IA. | 30-05-2024 |
| 11. | The challenge-cum-statement for tax withheld under section 194M for April 2024 is almost due. The withheld taxes that were paid to the government on behalf of the payee are listed in this statement. It is necessary to submit on time in order to prevent fines or other repercussions. | 30-05-2024 |
| 12. | The deadline for filing the challan-cum-statement for the tax withheld in April of 2024 under section 194-IB is drawing near. To avoid any penalties or fines, please make sure that all required documents is finished and presented before the deadline. | 30-05-2024 |
| 13. | April 2024 is the deadline for filing the challan-cum-statement for taxes withheld under section 194S (by a designated person). | 30-05-2024 |
| 14. | TCS certificates are being issued for the fourth quarter of the 2023–2024 fiscal year. | 30-05-2024 |
| 15. | Statement of TDS deposited on a quarterly basis for the quarter ending March 31, 2024. | 31-05-2024 |
| 16. | Return of tax deduction for contributions made by trustees of a superannuation fund that has been approved. | 31-05-2024 |
| 17. | The deadline for submitting the financial transaction statement (Form No. 61A) for the fiscal year 2023–24, as mandated by subsection (1) of section 285BA of the Act. | 31-05-2024 |
| 18. | Deadline for reporting financial institutions to electronically file the annual statement of reportable accounts (Form No. 61B) for the calendar year 2023, as section 285BA(1)(k) requires. | 31-05-2024 |
| 19. | In the fiscal year 2023–24 (FY 2023–24), non-resident entities residing outside of India that carried out financial transactions of Rs. 2,50,000 or more are required to apply for a Permanent Account Number (PAN) card in India. | 31-05-2024 |
| 20. | Applications for PAN allotment for persons who are authorised to act on behalf of entities listed in Rule 114(3)(v) and who do not currently have a PAN but hold positions such as managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer, or office bearer. | 31-05-2024 |
| 21. | Form 9A is available if you want to defer reporting income generated in the previous financial year to the following year or a later one and you're filing your Income Tax Return (ITR) by July 31, 2024. By using this option, you can reduce your current tax obligation. | 31-05-2024 |
| 22. | To accumulate income for future use under section 10(21) or section 11(1) (where the taxpayer is required to submit an income tax return by or before July 31, 2024), a statement in Form No. 10 must be provided. | 31-05-2024 |
| 23. | For the fiscal year 2023–2024, the reporting person is required by section 80G(5)(iii) or section 35(1A)(i) to submit the gift statement in Form 10BD. | 31-05-2024 |
| 24. | Donors who wish to get tax benefits under the Income Tax Act under section 80G(5)(ix) or section 35(1A)(ii) must obtain a donation certificate, which is Form No. 10BE. As concrete proof of the donor's contribution, this paper outlines the donation amount received for the fiscal year 2023–2024. | 31-05-2024 |
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