Income Tax Compliance Calendar – FY 2024-25 | Yearly | Half-yearly | Quarterly | Monthly | Event-based

A list of such compliances required to be done in the financial year 2024-25 has been covered in this article.

Taxmann.com | Practice | Income-tax

1. Yearly Compliances

The list of yearly compliances has been enumerated in the table below:

Due Dates Pertaining to Obligation Form Number
May 30, 2024 Liaison Office Electronic submission of a statement by a non-resident (under Section 285) having a liaison office in India for the Financial Year 2023-24 Form 49C
May 30, 2024 Section 285B Furnishing of the statement required under Section 285B for the previous year 2023-24 Form 52A
May 31, 2024 TDS Statement of tax deducted from the contributions paid by the trustees of an approved superannuation fund in respect of Financial Year 2023-24. The statement shall contain the particulars as mentioned in Rule 33 –
May 31, 2024 SFT Statement of financial transaction to be furnished electronically in respect of Financial Year 2023-24 Form 61A
May 31, 2024 SFT Electronic submission of annual statement of reportable account required to be furnished under section 285BA(1)(k) by reporting financial institution pertaining to the calendar year 2023 Form 61B

(a) corporate-assessee;

(b) non-corporate assessee (whose books of account are required to be audited);

(c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of Section 5A apply; or

(d) an assessee who is required to furnish a report under Section 92E

(a) corporate-assessee;

(b) non-corporate assessee (whose books of account are required to be audited); or

(c) partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of Section 5A apply; or

(d) an assessee who is not required to furnish a report under Section 92E

2. Half-yearly Compliances

The list of half-yearly compliances has been enumerated in the table below:

Due Dates Pertaining to Obligation Form Number
April 30, 2024 TDS Furnishing of statement containing particulars of declarations received in Form 60 during October 1, 2023 and March 31, 2024 Form 61
October 31, 2024 TDS Furnishing of statement containing particulars of declarations received in Form 60 during April 1, 2024 to September 30, 2024 Form 61

Taxmann.com | Research | Income Tax

3. Quarterly Compliances

The list of quarterly compliances has been enumerated in the table below:

Due Dates Pertaining to Obligation Form Number
April 15, 2024 TDS Furnishing of quarterly statement (by an authorised dealer) in respect of foreign remittances made during the quarter ending March 31, 2024 Form 15CC
April 15, 2024 TDS Furnishing of quarterly statement (by an IFSC unit) in respect of foreign remittances made during the quarter ending March 31, 2024 Form 15CD
April 15, 2024 TDS Furnishing of statement under Rule 114AAB (by specified fund) for the quarter ending March 31, 2024 Form 49BA
April 30, 2024 TDS Uploading of declarations received in Form 15G or Form 15H from recipients during the quarter ending March 31, 2024 –
April 30, 2024 TDS Due date for deposit of TDS for the period January 2024 to March 2024 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H –
April 30, 2024 TDS Intimation by a pension fund in respect of investment made in India for quarter ending March 31, 2024 Form 10BBB
April 30, 2024 TDS Intimation by Sovereign Wealth Fund in respect of investment made in India for quarter ending March 31, 2024 Form II
May 15, 2024 TCS Furnishing of TCS statement for the quarter ending March 31, 2024 Form 27EQ
May 30, 2024 TCS Furnishing of TCS certificates in respect of tax collected during the quarter ending March 31, 2024 Form 27D
May 31, 2024 TDS Furnishing of TDS statement of tax deducted for the quarter ending March 31, 2024 Form 24Q

4. Monthly Compliances

The list of monthly compliances has been enumerated in the table below:

Due Dates Pertaining to Obligation Form Number
April 7, 2024 TDS Due date for deposit of tax deducted [except under section 194-IA, section 194-IB, section 194M, or Section 194S (by specified person)] in the month of March, 2024 by an office of the Government where tax is paid by the production of challan. If tax is paid without production of Challan, it shall be paid on the same day on which tax is deducted Challan No. 281
April 7, 2024 TCS Due date for deposit of tax collected in the month of March, 2024. If tax is paid without production of Challan by an office of the Government, it shall be paid on the same day on which tax is collected Challan No. 281
April 7, 2024 TCS Uploading of declarations received in Form 27C from the buyer in the month of March, 2024 –
April 14, 2024 TDS Due date for issue of TDS Certificate for tax deducted under Section 194-IA, Section 194-IB, Section 194M, or Section 194S (by specified person) in the month of February, 2024 Form 16B

5. Event-based Compliances

The list of event-based compliances has been enumerated in the table below:

Due Dates Pertaining to Obligation Form Number
May 31, 2024 PAN Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2023-24 and hasn’t been allotted any PAN Form 49A
May 31, 2024 PAN Application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn’t allotted any PAN Form 49A/49AA
Falling on or before 29-06-2024 Charitable Trust Filing of application in Form 10AB for conversion of provisional registration/approval into regular registration/approval for trusts or institutions under Section 10(23C), Section 12A, or Section 80G
  1. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the trust can accumulate the income even if Form 10 is furnished on or before the due date of furnishing the return under section 139(1).
  2. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the benefit of deemed application of income shall not be denied to a trust if Form 9A is furnished on or before the due date of furnishing the return under section 139(1).
  3. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the benefit of deemed application of income shall not be denied to a trust if Form 9A is furnished on or before the due date of furnishing the return under section 139(1).
  4. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the trust can accumulate the income even if Form 10 is furnished on or before the due date of furnishing the return under section 139(1).
  5. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the benefit of deemed application of income shall not be denied to a trust if Form 9A is furnished on or before the due date of furnishing the return under section 139(1).
  6. The CBDT vide Circular No. 6/2023, dated 24-5-2023 has provided that the trust can accumulate the income even if Form 10 is furnished on or before the due date of furnishing the return under section 139(1).
  7. The due date has been extended vide Circular No. 7, dated 25-04-2024
  8. The due date has been extended vide Circular No. 7, dated 25-04-2024.
  9. The due date has been extended vide Circular No. 7, dated 25-04-2024.

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

Comments are closed.

Sign Up

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Latest Books

Income Tax Rules

Finance Act 2023 Essentials Combo

Finance Act 2023 Commentary Combo

Share By

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

Author Taxmann Posted on May 4, 2020 May 17, 2024 Categories Blog, Income Tax

Everything you need on Tax & Corporate Laws. Authentic Databases, Books, Journals, Practice Modules, Exam Platforms, and More.

Follow us on

Bookstore Support