Deadline: November 2023, IT Department Get Up-To-Date Tax Compliance Information, View Complete List

The Income Tax Department’s (IT department) tax calendar in India includes all of the significant days for paying taxes in advance, submitting income tax returns, and deducting taxes at the source. You can be assessed late payment costs and penalties if you fail to meet any of these dates.

Understanding the tax calendar is crucial for maintaining fiscal restraint, avoiding fines, and guaranteeing adherence to the Income Tax Department’s rules and regulations. It makes it possible for people and companies to make wise plans, handle their money well, and pay their taxes on time.

The November 2023 tax calendar is as follows:

7 November 2023.

The deadline for depositing the taxes deducted or collected in October of 2023 is approaching. However, any money that a government agency deducts or collects must be sent to the Central Government’s credit on the same day that taxes are paid, even if an income tax challan is not produced.

14 November 2023

September 20, 2023 is the deadline for obtaining a TDS Certificate for taxes deducted under section 194-IA.
September 20, 2023 is the deadline for issuing TDS Certificates for taxes deducted under section 194-IB.
September 20, 2023 is the deadline for issuance of the TDS Certificate for taxes deducted under section 194M.
September 2023 is the deadline for issuance of the TDS Certificate for taxes deducted under section 194S. applicable to the specific individual listed in section 194S

15 November 2023

Quarterly TDS certificate for the quarter ending September 30, 2023 (regarding tax deducted for payments other than wages).
Date by which a government agency must provide Form 24G if TDS/TCS for October 2023 has been paid without a challan being produced.
The deadline for stock exchanges to provide statements in Form No. 3BB on transactions involving client codes that were changed after enrolling in the system is October 20, 2023.

30 November 2023

The deadline on which the challan-cum-statement about the tax deducted under section 194-IA must be provided is October 20, 2023.
The deadline on which the challan-cum-statement about the tax deducted under section 194-IB must be provided is October 20, 2023.
October 2023 is the deadline for submitting the challan-cum-statement on the tax that was withheld under section 194M.
The deadline for submitting a challan-cum-statement on taxes withheld under section 194S falls on October 1, 2023. applicable to the specific individual listed in section 194S
Return of income for the assessment year 2023–2024 in the event that the assessee is obliged to file a report in accordance with section 92E about a specific domestic or foreign transaction or transactionsA component entity of an international group must file a report for the accounting year 2022–2023 using Form No. 3CEAA.
Statement of Income Distribution for the Previous Year 2022–2023 by Venture Capital Company or Venture Capital Fund (Form No. 64)Statement of income given to unit holders (during previous year 2022-23) shall be sent in Form No. 64D by Alternative Investment Fund (AIF) to Principal CIT or CIT
Date by which Form 3CEFA must be submitted in order to use the safe harbor rules option for foreign transactions.Date by which Form 3CEFB must be submitted in order to use the safe harbor rules option for a specific domestic transaction.The deadline for submitting the income statement that was sent to unit holders by the business trust for the 2022–2023 fiscal year is approaching. It is necessary to electronically submit this declaration in form No. 64A to the Principal CIT or CIT.
Provide a copy of the audited financial statements to the Secretary of the Department of Scientific and Industrial Research if the business qualifies for a weighted deduction under section 35(2AB) [if the business has any domestic or foreign transactions].
Declaration as required by regulations 5D, 5E, and 5F from an Indian scientific research firm, university, college, or other organization (where the deadline for submitting the return of income is November 30, 2023).Date by which an eligible investment fund must electronically file a report (in Form No. 3CEJ) about the arm’s length price of the compensation given to the fund manager. (If the assessee must file in an income return by November 30, 2023).
The deadline for submitting Return of Income forms in Form ITR-7 for the Assessment Year 2023–2024, for those assessees mentioned in Explanation 2 clause (a) of section 139(1). The deadline has been moved forward to November 30, 2023 from October 31, 2023.