By the end of this month, there are many income tax forms under the Income-tax Act, 1961, which are to be filed by December 31st, to avoid penalties. Thus, proper compliance with these income tax forms is necessary for businesses, companies, and other taxpayers to avoid penalties and other hardships.
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Here is an overview of important forms and their relevance:
| Sl No. | Event | Description | Date |
| 1 | Securities Transaction Tax / Commodities Transaction Tax | Securities Transaction Tax – Due date for deposit of tax collected for the month of November, 2024 | 07-12-2024 |
| 2 | Securities Transaction Tax / Commodities Transaction Tax | Commodities Transaction Tax – Due date for deposit of tax collected for the month of November, 2024 | 07-12-2024 |
| 3 | Form 27C | Declaration under sub-section (1A) of section 206C of the Income-tax Act, 1961 to be made by a buyer for obtaining goods without collection of tax for declarations received in the month of November, 2024 | 07-12-2024 |
| 4 | Equalisation Levy Deposit Due Dates | Collection and recovery of equalisation levy on specified services in the month of November, 2024 | 07-12-2024 |
| 5 | TDS/TCS Deposit Due Dates | Due date for deposit of Tax deducted/collected for the month of November, 2024. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income tax Challan | 07-12-2024 |
| 6 | Form 24G | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November, 2024 | 15-12-2024 |
| 7 | Advance-Tax Instalment due date | Third instalment of advance tax for the assessment year 2025-26. | 15-12-2024 |
| 8 | Form 16B | Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of October, 2024 | 15-12-2024 |
| 9 | Form 16C | Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of October, 2024 | 15-12-2024 |
| 10 | Form 16D | Due date for issue of TDS Certificate for tax deducted under section 194M in the month of October, 202 | 15-12-2024 |
| 11 | Form 16E | Due date for issue of TDS Certificate for tax deducted under section 194S in the month of October 2024 | 15-12-2024 |
| 12 | Form 3BB | 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 November, 2024 | 15-12-2024 |
| 13 | Form 3BC | Due date for furnishing statement in Form No. 3BC by a recognised association in respect of transactions in which client codes have been modified after registering in the system for the month of November, 2024 | 15-12-2024 |
| 14 | Form 26QB | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of November, 2024 | 30-12-2024 |
| 15 | Form 26QC | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of November, 2024 | 30-12-2024 |
| 16 | Form 26QD | Due date for furnishing of challan cum statement in respect of tax deducted under section 194M in the month of November, 2024 | 30-12-2024 |
| 17 | Form 26QE | Due date for furnishing of challan cum statement in respect of tax deducted under section 194S in the month of November, 2024 | 30-12-2024 |
| 18 | Form 3CEF | Annual Compliance Report on Advance Pricing Agreement (if due date of submission of return of income is November 30, 2024) | 30-12-2-4 |
| 19 | Form 3CEAD | Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub-section (4) of section 286 of the Income-tax Act, 1961 (assuming reporting accounting year is January 1, 2023 to December 31, 2023). | 31-12-2024 |
| 20 | All income tax returns | Furnishing of belated or revised return of income for Assessment Year 2024-25 | 31-12-2024 |
It is advised to make sure that you file your returns according to the details mentioned in the table, and taxpayers should double-check that all essential forms are filled out accurately and that nothing is missing. It’s usually a good idea to carefully inspect each document to eliminate any last-minute issues and verify that everything is ready for submission.
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For better satisfaction, consider consulting with a certified accountant. They can help ensure your forms meet tax requirements and that you’re taking full advantage of any deductions and exemptions you may qualify for.
As a responsible citizen of India, you must file your income tax returns on time.
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