October Tax Calendar 2023: Full list of due dates for the next month

October Tax Calendar 2023: Planning your income taxes wisely can lower your tax obligations and increase your savings. People should complete a number of tax-related chores in October 2023 to ensure thorough preparedness and minimise any consequences. The income tax division has posted a thorough tax calendar on its website that details the upcoming month’s due dates, which people should be aware of.

October Tax Calendar 2023

The due dates are as follows:

30 September 2023

It is the deadline for depositing taxes that were deducted from or collected in September 2023. On the same day that tax is paid, any funds deducted or collected by a government office must, however, be paid to the credit of the Central Government without the use of an income tax challan.

Additionally, if the assessing officer has approved a quarterly TDS deposit under section 192, 194A, 194D, or 194H, this is the date for TDS deposits for the July 2023 to September 2023 period.

15 October 2023

It is the last day for a government agency to submit Form 24G in order to reflect TDS/TCS payments made without the presentation of a challan in September 2023. Additionally, this is the cutoff date for granting TDS Certificates for tax deductions made in August 2023 under sections 194-IB, 194M, and 194S.

In addition, the quarterly TCS statement for the quarter ending September 30, 2023, must be deposited by October 15th. Taxpayers must submit beneficiary declarations in Form No. 15G/15H by this deadline for the quarter ending September 2023.

Additionally, this deadline also applies to the filing by a stock exchange of a statement in Form No. 3BB regarding transactions involving client codes that were changed after registration in the system during September 2023. Last but not least, by October 15th for the quarter ending June 30, 2023, both the quarterly TCS certificate for tax collected by any individual and the quarterly TDS certificate (for payments other than salary) must be finished.

30 October 2023

This is the deadline for submitting the challan-cum-statement for taxes deducted under Sections 194-IA, 194-IB, 194M, and 194S for the month of September in 2023.

For the quarter ending September 30, 2023, the deadline for submitting the quarterly TCS certificate (in regard to tax collected by any person) is October 30.

31st October 2023

For the accounting year 2022–2023, notification of an international group in Form No. 3CEAB must be made by a designated component company that is a resident of India by October 31. Additionally, by October 31 you must submit the quarterly statement of TDS deposits for the quarter ending September 2023.

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Deadline For Annual Audited Accounts

Additionally, it is the last day to submit annual audited accounts for any programme that has been approved under section 35(2AA). Additionally, by October 31, 2023, a banking company’s quarterly report of non-deduction of tax at source from interest on time deposits for the quarter ending September 2023 must be provided.

Additionally, if the assessee (without any international or specified domestic transactions) is a corporate assessee, a non-corporate assessee (whose books of accounts must be audited), a partner of a firm whose accounts must be audited, or the spouse of such partner, section 5A provisions apply, then this is the deadline for filing the return of income for the assessment year 2023–2024.

The deadline for submitting an audit report under section 44AB for the assessment year 2023–2024 for an assessee who is also required to submit a report on foreign or certain domestic transactions under section 92E is October 31.