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IT Due Dates for December 2024: TDS, Advance Tax, and More

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Income Tax Deadlines for December 2024

With the passing of the year, December becomes a crucial month for the assessees to satisfy their financial and compliance obligations. With the significant due dates for tax deductions advance tax payments and return filing, proactive planning is significant to avoid penalties and ensure smooth compliance. This December 2024 tax calendar furnishes a roadmap of important dates and obligations if you are an individual, a business, or part of a government office.

In India where the Financial year runs from April 1 to March 31 remain informed that such income tax due dates are more than solely a requirement but an opportunity. You can fulfill your dues and optimize your tax planning, maximizing deductions and benefits while turning year-end tax planning into a smart financial move by monitoring the key dates. 

Due Dates of the Income Tax in December 2024

07th December, 2024

​The due date for the deposit of Tax deducted/collected for November 2024. All the sums deducted/collected by an office of the government will get filed to the credit of the Central Government on the exact day when tax is paid without Income-tax Challan production.

15th December, 2024

  • The last date to file Form 24G by an office of the government where the TDS/TCS for November 2024 has been submitted without the challan production. 
  • The third installment of advance tax for the assessment year 2025-26
  • The last date to issue the TDS certificate for tax deducted u/s 194-IA in October 2024
  • The deadline to issue the TDS certificate for tax deducted u/s 194-IB in October 2024
  • The last date for furnishing the TDS certificate for tax deducted u/s 194M in October 2024
  • The deadline to provide the statement in Form No. 3BB via a stock exchange concerning the transactions where the client codes have been modified post-enrolling in the system for November 2024.
  • U/s 194S (by a specified person) ​​the last date for issuing of TDS Certificate for tax deducted in October 2024

30th December, 2024

  • The deadline to provide the challan cum statement concerning tax deducted u/s 194-IB in November 2024
  • U/s 194M the deadline to provide the challan cum statement related to the tax deducted in November 2024
  • U/s 194-IA the deadline for providing the challan cum statement related to tax deducted in November 2024 
  • Providing report in Form No. 3CEAD to report accounting year (assuming the reporting accounting year is January 1, 2023, to December 31, 2023) via a constituent entity, resident in India concerning the international group of which the same is comprised if the parent entity does not intend to furnish the report u/s 286(2) or the parent entity is resident of a country with which India does not secure an agreement for the exchange of the report, etc. 
  • For providing the challan cum statement the last date of tax deducted u/s 194S (by specified person) in November 2024

​31st December, 2024

Submitting the belated/revised ITR for the AY 2024-25 for all taxpayers (provided the assessment has not been completed before December 31, 2024).

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