Income tax calendar for May 2024; check all important deadlines that you should not miss this month

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Also Read: Income Tax return filing 2024: What is Form 16, when is issue date and why is it crucial? — Explained Mark your calendar for the deadline to deposit taxes deducted or collected for the month of April 2024. It's important to note that any sum deducted or collected by a government office must be paid to the Central Government's credit on the same day if the tax is paid without the production of an income-tax challan. The due date for issuing TDS certificates for tax deducted under various sections such as 194-IA, 194-IB, 194M, and 194S for the month of March 2024.

Additionally, it marks the deadline for furnishing Form 24G by government offices for TDS/TCS paid in April 2024 without the production of a challan. It is also the deadline for filing the quarterly statement of TCS deposited for the quarter ending March 31, 2024, and for furnishing statement in Form no. 3BB by stock exchanges regarding transactions in which client codes have been modified after registration in the system for the month of April 2024.

Also Read: PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31.

Here is how to link both Submission of a statement (in Form No. 49C) by non-residents having a liaison office in India for the financial year 2023-24. Additionally, it's the due date for furnishing the challan-cum-statement for tax deducted under sections 194-IA, 194M, 194-IB, and 194S (by specified persons) in April 2024.

Furthermore, TCS certificates for the 4th quarter of the financial year 2023-24 are also issued on this date. There are various important tax-related deadlines due on this date. These include the quarterly statement of TDS deposited for the quarter ending March 31, 2024, as well as the return of tax