As we step into December 2024, it’s essential for taxpayers, businesses, and compliance professionals to stay updated with key due dates to ensure timely submission of various returns, deposits, and reports. This comprehensive guide highlights all major compliance deadlines for Income Tax, GST, Equalisation Levy, FEMA, PF/ESI, and MCA, ensuring adherence to regulatory requirements and avoiding penalties.
Major Compliance Due Dates – December 2024
| Date | Day | Act | Particulars |
|---|---|---|---|
| 07.12.2024 | Saturday | Income Tax | – Deposit TDS/TCS for November 2024. – Submission of Form 27C (no TCS declaration). |
| Equalisation Levy | – Deposit equalisation levy for November 2024. | ||
| FEMA | – Report ECB transactions through Form ECB-2 return. | ||
| 10.12.2024 | Tuesday | GST | – File GSTR-7 (TDS Deductors) for November 2024. – File GSTR-8 (TCS Collectors) for November 2024. |
| 11.12.2024 | Wednesday | GST | – File GSTR-1 for outward supplies for November 2024 (turnover > ₹5 crore or not opted for QRMP scheme). |
| 13.12.2024 | Friday | GST | – File GSTR-5 (Non-resident taxpayers). – File GSTR-6 (Input Service Distributor). – GSTR IFF (optional) for B2B supplies under QRMP scheme. |
| 15.12.2024 | Sunday | Income Tax | – Issue TDS certificates for Sections 194-IA, 194-IB, 194S, and 194M. – Pay the third advance tax installment for AY 2025-26. – Furnish Form 24G if TDS/TCS paid without challan. – Extended ITR due date for assessees under Section 92E. |
| PF/ESI | – File ECR and deposit ESI/PF collected for November 2024. | ||
| 20.12.2024 | Friday | GST | – File GSTR-3B for November (turnover > ₹5 crore or not opted for QRMP). – File GSTR-5A for OIDAR services. – Amend GSTR-1A (after filing GSTR-1). |
| 25.12.2024 | Wednesday | GST | – Monthly GST payment under QRMP scheme for November 2024. |
| 30.12.2024 | Monday | Income Tax | – Submit challan-cum-statement for TDS under various sections for November 2024. – File Form 3CEAD for international group reports. |
| 31.12.2024 | Tuesday | Income Tax | – File belated/revised ITRs for AY 2024-25. |
| GST | – Submit GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement). | ||
| MCA | – Submit XBRL DNBS-10 for NBFCs with assets exceeding ₹100 crore. |
Key Reminders:
- Timely Filing: Ensure compliance to avoid penalties or interest.
- Documentation: Verify all necessary forms and data for each due date.
Timely compliance with these due dates not only helps avoid penalties but also ensures smooth functioning and adherence to legal obligations. Staying organized and planning ahead for these deadlines will assist businesses and individuals in meeting their compliance responsibilities efficiently. Make sure to mark these dates and fulfill all necessary submissions to remain compliant and stress-free during the closing of the financial year.
Visit www.cagurujiclasses.com for practical courses
