Tax Calendar For October 2023: From TDS deposit to TDS/ TCS certificates and challans to advance tax to audit report; here’s the complete list of activities you should complete in October
Tax Calendar For October 2023: Tax planning is an essential part of financial management. In order to do better tax planning, meeting due dates is the most important task. For this, a tax calendar may come in handy for taxpayers to stay organised and compliant with tax requirements. Here are the tax due dates for October 2023.
October 7: TDS/ TCS Deposit
It is the due date for deposit of tax deducted/collected for the month of September 2023. It is also the due date for deposit of TDS for the period July 2023 to September 2023 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.
October 15: Form 24G, TDS Certificate, TCS Quarterly Statement, Form 3BB
This is the deadline for furnishing of Form 24G by an office of the government where TDS/TCS for September 2023 has been paid without the production of a challan.
It is also the last date for issue of TDS Certificate for tax deducted under Sections 194-IA, 194-IB, 194M and 194S in the month of August 2023. It is also the last date for quarterly TCS certificate in respect of tax collected by any person for the quarter ending June 30, 2023.
It is also the deadline for quarterly statement of TCS deposited for the quarter ending September 30, 2023. It is also the deadline for quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending June 30, 2023.
October 15 is also the deadline to upload declarations received from recipients in Form No. 15G/15H during the quarter ending September, 2023
It is also the due date for furnishing statement in Form no 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of September 2023.
October 30: TDS Challan, Quarterly TCS Certificate
It is the due date to furnish challan-cum-statement in respect of tax deducted in September 2023 under Sections 194-IA, 194-IB, 194M and 194S.
Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2023
October 31: Form 3CEAB, Audit Report, Form 10BBB
It is the deadline for intimation by a designated constituent entity, resident in India, of an international group in Form No. 3CEAB for the accounting year 2022-23.
Quarterly statement of TDS deposited for the quarter ending September 2023.
Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)
Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September, 2023
Copies of declaration received in Form No. 60 during April 1, 2023 to September 30, 2023 to the concerned Director/Joint Director
Due date for filing of return of income for the assessment year 2023-24 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c)partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A apply
Audit report under section 44AB for the assessment year 2023-24 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E
Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction.
Due date for e-filing of report (in Form No. 3CEJ) by an eligible investment fund in respect of arm’s length price of the remuneration paid to the fund manager (if the assessee is required to submit return of income on October 31, 2023).
Statement by scientific research association, university, college or other association or Indian scientific research company as required by rules 5D, 5E and 5F (if due date of submission of return of income is October 31, 2023).
Submit copy of audit of accounts to the Secretary, Department of Scientific and Industrial Research in case company is eligible for weighted deduction under section 35(2AB) [if company does not have any international/specified domestic transaction]
Intimation in Form 10BBB by a pension fund in respect of each investment made in India for quarter ending September, 2023
Intimation in Form II by Sovereign Wealth Fund in respect of investment made in India for quarter ending September, 2023
Furnishing of Audit report in Form no. 10B/10BB by a fund or trust or institution or any university or other educational institution or any hospital or other medical institution.