Income Tax Calendar 2023: Taxpayers’ Important November Dates; Check List

November brings with it some significant tax-related responsibilities for corporations and people. These crucial dates have been noted in the calendar by the Income Tax Department. These are the dates when people may pay their taxes on time.

The Income Tax department has issued the key dates for tax reasons this month.

The deadline for depositing taxes withheld or collected for October 2023 is November 7, 2023. On the other hand, any funds that are deducted or collected by any government agency must be deposited into the Central Government’s account on the same day that taxes are paid, even if an Income Tax Challan is not produced.

The deadline for submitting a TDS certificate for a September 2023 tax deduction under Income Tax Sections 194-IA, 194-IB, 194-M, and 194-S is November 14, 2023.

The deadline for submitting the quarterly TDS certificate for the September quarter (2023) is November 15, 2023 (regarding tax withheld from non-salary payments). Additionally, it is the deadline for the government office to produce Form 24G in cases where TDS/TCS has been paid without providing the challan for the month of October 2023.

November 30, 2023: For certain companies, this is the deadline for completing their income return for the assessment year 2023–2024. By this date, the challan-cum-statement on the tax deducted under sections 194-IA, 194-IB, 194M, and 194S for October 2023 must be turned in.

For the assessment year 2023–2024, November 30, 2023, is also the deadline for submitting several forms pertaining to overseas transactions, scientific research, and income distribution. Forms 3CEAA, 64, 64D, 3CEFA, 3CEFB, 64A, 3CEJ, and ITR-7 are among those that must be completed for a variety of purposes.