Income Tax News: March is a crucial month for individuals to stay on top of their income tax obligations. The Income Tax Department has outlined a comprehensive tax calendar for March 2024, highlighting important due dates for various tax-related tasks.
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Key Dates and Deadlines
March 1, 2024
- Deadline for furnishing the challan-cum-statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in January 2024.
March 7, 2024
- Last day for depositing tax deducted/collected for February 2024. Government offices must remit the deducted sum to the Central Government on the same day.
March 15, 2024
- Fourth instalment of advance tax for the assessment year 2024-25 is due.
- Deadline for payment of advance tax for taxpayers under the presumptive scheme of sections 44AD/44ADA.
- Furnishing of Form 24G by government offices for February 2024 TDS/TCS without a Challan.
March 16, 2024
- Issuance of TDS certificate for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in January 2024.
March 30, 2024
- Deadline for furnishing the challan-cum-statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S in February 2024.
March 31, 2024
- Submission of statement for foreign income offered to tax and tax deducted/paid on such income in the previous year 2022-23 to claim foreign tax credit if the income tax return has been filed within the specified time under sections 139(1) or 139(4).
- Deadline for furnishing an updated return of income for the assessment year 2021-22.
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