Income Tax Deadline: These are the important deadlines of April for taxpayers, complete the pending work, otherwise penalty will be imposed.

Income Tax information Deadline: The new monetary 12 months has began. While the tax associated work begins for the new monetary 12 months, the pending work associated to the earlier monetary 12 months can also be settled. In such a state of affairs, immediately we are going to offer you details about some important deadlines which are very important for the taxpayers. If these duties are not accomplished earlier than these due dates, heavy fines might also be imposed.

– Advertisement –

The new monetary 12 months 2024-25 has began from 1 April 2024. This date is particularly important for monetary establishments, as a result of if there may be any change in the tax system, it comes into impact from today. Let us know which dates are important from the Income Tax level of view in April (Income Tax Deadline 2024).

Taxpayers ought to maintain these dates of April in thoughts

7 April

April 7 is the due date for depositing the tax collected or deducted by any authorities workplace for the earlier month i.e. March 2024. However, the quantity collected or deducted will be paid into the authorities account on the identical day the tax is paid with out producing the earnings tax challan.

14 April

April 14 is the final date for issuance of TDS certificates for tax deducted underneath sections 194-IA, 194-IB, 194M and 194S in the month of February.

fifteenth April

April 15 is the final date for furnishing quarterly assertion concerning overseas remittances in Form No. 15CC for the quarter ending March 2024. It is obtainable by registered sellers.

30 April

• This is the final and really important date. Many issues have due date on today (April due date).
• This is the final date to submit Form 24G from the authorities workplace the place TDS/TCS fee for March 2024 has been made with out presenting the challan.
• This is the deadline to submit Challan-Cum-Statement in respect of tax deducted underneath sections 194-IA, 194-IB and 194M in March 2024.
• This is the final date for depositing the tax for March which has been deducted by any assessee aside from the authorities workplace.
• This is the final date for e-filing of declaration in Form No. 61 containing particulars of Form No. 60 acquired throughout the interval October 1, 2023 to March 31, 2024.
• Due date for importing Form 15G/Form 15H for the quarter January-March 2024

New tax regime will be default

For data, allow us to let you know that from April 1, 2024, the new tax regime has change into the default choice in the nation. Meaning that if in case you have not chosen between the new and outdated tax regime, then your earnings tax return (ITR file) will be filed underneath the new regime. Its goal is to deliver extra individuals underneath its ambit by enhancing the strategies of submitting returns. It doesn’t present many deductions and exemptions, however contains low tax charges.

And if you wish to pay tax by the outdated system, then you definitely will have to inform your organization about this. Otherwise he will deduct it out of your wage as per the new tax regime.

PF Transfer New Rules: Good information for staff! Now stability will be robotically transferred from EPFO account

– Advertisement –