As the year ends, taxpayers need to complete various tax-related tasks. December is the deadline for tax deductions, advance tax payments, and filing returns.
To avoid penalties, make sure to finish your tasks before these deadlines.
Whether you are an individual, a business, or part of a government office, it’s important to follow the tax calendar for December 2024 to avoid any issues in the new year.
In India, the financial year runs from April 1 to March 31, while the calendar year is from January 1 to December 31.
To take advantage of tax benefits and deductions, it’s important to meet the December deadline by 31 December.
By staying aware of the correct dates and following the return filing timeline, you can avoid penalties, fines, and complications. Here’s what taxpayers must complete before 31 December.
Income tax deadline in December 2024
Income Tax Deadlines in December 2024
7 December 2024
The last date to deposit tax deducted or collected for November 2024. If tax is paid without submitting the challan to the government, it must be deposited on the same day.
15 December 2024
- Last date for submitting Form 24G, reporting TDS/TCS paid by government offices without challan for November 2024.
- Third installment of advance tax payment for the assessment year 2025-26.
Last date for issuing TDS deducted certificates for October 2024:
Section 194-IA (TDS on immovable property)
Section 194-IB (TDS on rent)
Section 194M (TDS on non-professional contract services)
- Last date for submitting Form 3BB for revised client codes in transactions with stock exchanges.
- Last date for issuing TDS certificate under Section 194S (TDS on virtual digital assets) for October 2024.
30 December 2024
Last date to submit the Challan-cum-Statement detailing tax deducted under sections 194-IA, 194-IB, 194M, and 194S for November 2024.
Form 3CEAD Report – Last date to file the report for the reporting year 2023 (1 January 2023 to 31 December 2023) for Indian resident international groups, if the group’s parent entity is in a country without an agreement with India.
31 December 2024
Last date to file belated or revised income tax return for assessment year 2024-25, applicable to all taxpayers, as long as the assessment is not completed before this date.
