Taxpayers Alert: Important Income Tax Deadlines You Should Not Miss In Dec 2023; Check Due Dates Here

December 2023 is an important month for taxpayers. It is important that salaried employees track the income tax calendar 2023 very carefully so that later they do not have to pay penalties if they miss any financial deadline.

Taxpayers should be aware of upcoming income tax deadlines in December 2023. This comprehensive tax calendar outlines important dates for individuals and businesses to be mindful of. In this article, we have brought you important income tax deadlines that you should not miss to meet your income tax obligations.

December 7, 2023

December 7 is the deadline for the deposit of tax deducted/collected for the month of November 2023. It is important to note that the total amount of money deducted or collected by a government office should be paid to the credit of the Central Government on the same day, where tax is paid sans production of an Income-tax challan.

December 15: TDS/TCS, Advance Tax, TDS Certificate, Form 3BB

December 15 is the deadline for furnishing Form 24G by an office of the Government where TDS/TCS for November 2023 has been paid without the production of a challan. Additionally, the third installment of advance tax for the assessment year 2024-25 is also due on this date.

In addition, several TDS certificates for tax deducted in October 2023 also need to be issued by this date. This includes TDS certificates for tax deducted under section 194-IA, section 194-IB, section 194M, and section 194S, depending on the specific provisions applied.

December 30, 2023

It is the due date for furnishing challan-cum-statement concerning tax deducted under various sections. This includes section 194-IB, section 194M, section 194-IA, and section 194S. Timely submission of these challan-cum-statements is required to avoid any penalties.

December 31, 2023

December 31 is the last date for filing of belated/revised return of income for the assessment year 2023-24 for all assessee (if the assessment has not been done before December 31, 2023).

Thus, those taxpayers who have not yet filed their income tax return for the assessment year 2023-24 can file their income tax return by this date.