Finish these crucial tax-related chores now that the Income Tax Department has announced the tax schedule

 Finish these crucial tax-related chores now that the Income Tax Department has announced the tax schedule

Income Tax: Savings are also increased by less tax obligations. The next month of November will prove to be crucial for the taxpayers in such a scenario. This month, taxpayers have a lot of tax-related activities to do. A tax schedule has also been made available on the Income Tax Department's official website. This has the tax payers' November dates of tax-related obligations indicated. In an instance like this, it is critical that you be aware of the specifics surrounding them.

Making informed plans might help you pay less in taxes. Your savings are further increased by less tax obligations. The next month of November will prove to be crucial for the taxpayers in such a scenario. This month, taxpayers have a lot of tax-related activities to do. A tax schedule has also been made available on the Income Tax Department's official website. This has the tax payers' November dates of tax-related obligations indicated. In an instance like this, it is critical that you be aware of the specifics surrounding them.

November 7

The deadline for depositing taxes that were either collected or withheld in October is November 7. On the same day that the tax is paid, however, all taxes deducted or collected by any government agency will be put into the Central Government's account. There is no need to pay an income tax certificate for this.

November 14

This is the deadline for issuing of a TDS certificate for taxes deducted in September 2023 under sections 194-IA, 194-IB, 194M, and 194S.

15 Nov.

For the quarter ending September 30, 2023, this is the deadline for submitting quarterly TDS certificates regarding taxes withheld from payments other than salaries. Additionally, a government agency whose TDS has been paid without a challan for the month of October 2023 must submit Form 24G by this date. In addition, taxpayers will need to provide the Stock Exchange with information on transactions for which the customer code has been modified after system registration for the month of October 2023 using Form No. 3 BB.

November 30

The deadline for providing challan cum information about taxes deducted in October 2023 under sections 194-IA, 194-IB, 194M, and 194S is this date. In the event that a report according to section 92E is needed for foreign or specific domestic transactions, the income return for the assessment year 2023–2024 must be completed by November 30. On the same day, Form No. 64, which contains information on venture capital business or venture capital fund results for the preceding fiscal year 2022–2023, must also be filed. Aside from this, before November 30th, the Principal CIT or CIT in Form No. 64D must collect the revenue that unit holders have received on behalf of the Alternative Investment Fund (AIF). In addition, November 30 is the deadline for filing Form 3CEFA in order to be eligible for the safe port regulations for foreign transactions.