Tax Calendar For September 2023: September, a new month of the year 2023, has begun. This is the final month of the present fiscal quarter for the year 2023-24. This month, there are a few dates you must remember for smooth financial transactions tax due dates and bank holidays. Here is the complete schedule of September 2023 tax deadlines and bank holidays.
Tax Calendar for September 2023
- September 7: It is the deadline for depositing tax withheld or collected in August 2023.
- September 14: It is the deadline for issuing a TDS certificate for tax withheld in July 2023 under Sections 194-IA, 194-IB, 194M, and 194S.
- September 15: It is the deadline for government agencies to submit Form 24G. It is for those who paid TDS/TCS for the month of August 2023 without producing a challan. It is also the deadline for the second advance tax payment for the assessment year 2024-25. In addition, a stock exchange is required to submit Form No. 3BB for transactions in August 2023 in which client codes have been modified subsequent to system registration.
- September 30: The deadline for submitting a challan-cum-statement for tax withheld in August 2023 under Sections 194-IA, 194-IB, 194M, and 194S is September 30. In the case of a corporate assessee or non-corporate assessee (who is required to file an income tax return by October 31, 2023), an audit report under Section 44AB must also be lodged by September 30 for assessment year 2023-24.
- September 30: The 30th of September is also the deadline for submitting a Form 9A application to exercise the option available under Explanation to Section 11(1) to utilise the income of the preceding year in the subsequent year or in future years (if the assessee is required to file a return of income by November 30, 2023). Statement on Form No. 10 must also be provided to accrue income for future application under section 10(21) or section 11(1) (if the taxpayer is required to file a return of income by November 30, 2023).
- September 30: Taxpayers must submit the quarterly statement of TCS and TDS deposits for the quarter ending June 30, 2023 by September 30.
