ITR Filing Deadlines You Must Not Miss! To Avoid Penalties Know These Important Deadlines

November's ITR deadlines are crucial for both individual and corporate taxpayers. Failure to pay taxes on time can result in penalties and various issues. Being aware of these deadlines can help plan your tax and take advantage of deductions, exemptions, and other benefits.

Know about these crucial ITR Filing Deadlines to avoid Penalties.

Income Tax Calendar for November 2024 as per Income Tax Department:

14th November 2024

The due date for issuing of TDS certificate for tax deducted under sections 194-IA, 194-IB, 194M, and 194S for September 2024.

15th November 2024

The deadline for submitting quarterly TDS certificates for tax deducted on payments other than wages is September 30, 2024. Government agencies must submit Form 24G if TDS/TCS is paid without a challan, and stock exchanges must submit a declaration in Form 3BB by October 2024.

30th November 2024

· The deadline for submitting a challan-cum-statement in respect of tax deducted under sections 194-IA, 194-IB, 194M, and 194S is October 2024.

· Return of Income for the fiscal year 2024-25, if obliged to provide a report under section 92E on an international or defined domestic transaction.

· The deadline for submitting a report in Form No. 3CEAA by a constituent NTT of an international group for the fiscal year 2023-24.

· The Alternative Investment Fund (AIF) is required to provide the Principal CIT or CIT with a statement on revenue disbursed to unitholders for the fiscal year 2023-24, as per Form No. 64, which outlines the income distribution by a venture capital business or fund.

· Due date for invoking safe harbour regulations for foreign transactions by submitting Form 3CEFA.

· The deadline for invoking safe harbor provisions for certain domestic transactions by submitting Form 3CEFA.

The deadline for filing income distribution details by business trusts to unitholders for the 2023-24 financial year is set for electronic submission in Form No. 64A to the Principal CIT or CIT. If a company qualifies for weightage deduction under section 35(2AB), it must provide audited accounts to the Secretary.

The income tax return due on November 30, 2024, must be submitted to the Scientific Research Association, University, College, or other association or Specific Research Company according to Rules 5D, 5E, and 5F. Eligible investment funds must submit the arms-length price report of the ramifications paid to the fund manager via e-filing through Form No. 3CEJ.