All Important Deadline By Income Tax Dept for April 2024

Deadlines for Income Tax Filing

The Indian fiscal year begins on April 1 and ends on March 31 of the subsequent year. This time frame is the standard cycle for managing accounting, taxation, and business operations. As the new fiscal year takes off, it is essential to take note of significant dates to comply with the regulations. Taxpayers are subject to several government tax laws and regardless of whether they are individuals or businesses, must adhere to a variety of government tax laws and regulations. It is crucial to abide by these laws to avoid any legal consequences.

An overview of the IT department has outlined the tax calendar for April 2024. Below is a summary of the information provided.

7th April 2024: March 31st, 2024, is the last day for government offices to deposit the taxes that were deducted or collected during this month. Offices need to meet this deadline to prevent fines and legal problems. to avoid any penalties or legal issues.

14th April 2024: The month of February 2024 marks the deadline for issuing TDS certificates for tax deductions under sections 194-IA, 194-IB, 194M, and 194S. It is important to ensure that the certificates are issued within the specified timeframe to avoid fines or legal repercussions.

15th April 2024: Reminder, authorised dealers are required to submit the quarterly statement in Form No. 15CC for any overseas remittances made during the quarter ending in March 2024 by the specified cutoff date. This statement must be provided in a timely manner to ensure compliance with regulations.

Read also: Main Due Dates in June: TDS, Advance Tax and Aadhaar-PAN

30th April 2024: The due date for submitting Form 24G by a government office is approaching. This form is required in cases where TDS/TCS for March 2024 has been paid without a challan under several specified sections, including 194-IA, 194-IB, 194M, and 194S. To avoid fines or legal ramifications, government offices must adhere to this obligation within the allotted time limit.

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