November is a crucial month for your finances. In this article, we’ll help you understand the essential dates and deadlines, especially when it comes to your taxes. Join us in making the most of these financial opportunities while ensuring you meet your tax obligations on time.
Important Deadline for Depositing Taxes
To kick off the month, don’t forget that the deadline for depositing taxes deducted or collected in October is November 7, 2023. An important note here is that taxes deducted by government offices should be remitted on the same day, eliminating the need for an income tax challan.
Obtaining TDS Certificates
For those falling under Section 194-IA, Section 194-IB, Section 194M, and Section 194S, it’s crucial to obtain TDS certificates for September 2023 by November 14, 2023. Make sure to apply for your TDS certificate under these sections before the due date to avoid any issues.
Submitting Quarterly TDS Certificates
If you haven’t already submitted the TDS certificate for the quarter ending September 30, 2023, you have time until November 15, 2023. Remember, this certificate pertains to taxes other than salary. Additionally, the due date for submitting Form 24G of TDS deposited without a challan in October also falls on November 15. Taxpayers must submit the statement in Form 3BB to the stock exchange, including the client code.
Don’t Miss Out on Filing Returns and Challan Submissions
The approaching deadline for submitting challan details under Section 194-IA, Section 194-IB, Section 194M, and Section 194S for October 2023 is a crucial task. If you’ve engaged in special domestic or international transactions, keep in mind that the deadline for filing returns for the assessment year 2023-24 is November 30. Additionally, remember to submit details regarding the amount earned by a venture capital company in the financial year 2022-23 through Form Number 64, all due by November 30. Lastly, the deadline for submitting Form 3CEFA for international transactions under safe harbor rules also concludes on November 30.