Tax Calendar for July 2024: 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 July 2024.
July 7: STT, CTT, Equalisation Levy, TDS/ TCS Deposit
It is the due date for deposit of tax deducted/collected for the month of June 2024. It is also the due date for deposit of TDS for the period July April to June 2023 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H.
July 7 is also the deadline of the securities transaction tax (STT) and commodities transaction tax (CTT) for deposit of tax collected for June 2024.
It is the deadline for the 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 June 2024.
It is the due date of the collection and recovery of equalisation levy on specified services in June 2024. It is also the last date of collection and recovery of equalisation levy on e-commerce supply or services for the quarter ending June 30, 2024.
July 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 June 2024 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 May 2024.
It is the due date for quarterly statement of TCS deposited for the quarter ending June 30, 2024
July 15 is also the deadline to upload declarations received from recipients in Form No. 15G/15H during the quarter ending June 2024.
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 June 2024.
It is the 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 June, 2024.
Quarterly statement to be furnished by specified fund in respect of a non-resident referred to in rule 114AAB in respect of the quarter ending June 30, 2024.
It is the latest date for quarterly statement to be furnished by a unit of an International Financial Services Centre, as referred to in subsection (1A) of section 80LA, in respect of remittances, made for the quarter of April to June of 2024-25 (Financial Year).
July 30: TDS Challan, Quarterly TCS Certificate
It is the due date to furnish challan-cum-statement in respect of tax deducted in June 2024 under Sections 194-IA, 194-IB, 194M and 194S.
Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending June 30, 2024.
July 31: Income Tax Return Deadline, TDS Deposit, VDA Tax Statement
It is the deadline for income tax return (ITR) for the assessment year 2024-25, except ITR-6. It is also the due date for the payment of self assessment tax.
It is the latest date for quarterly statement of TDS deposited for the quarter ending June 30, 2024. It is also the due date for quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter ending June 30, 2024.
It is the due date for quarterly return of non deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending June 30, 2024.
July 31 is the also the deadline for the intimation by pension funds and sovereign wealth funds of investment under clause (23FE) of section 10 of the Income-tax Act, 1961 for the quarter ending June 30, 2024.
It is also due date for the 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 July 31, 2024.
It is also due date for certificate of foreign inward remittance (if due date of submission of return of income is July 31, 2024).
July 31 is also the last date for declaration to be filed by the assessee claiming deduction under section 80GG (if due date of submission of return of income is July 31, 2024).
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