The month of October 2024 has several important compliance deadlines across different tax and legal frameworks such as Income Tax, GST, MCA, and more. It is essential for businesses and taxpayers to adhere to these deadlines to avoid penalties and ensure smooth regulatory compliance. Below is a detailed breakdown of these due dates, along with a brief description of each task:
1. Income Tax Compliance Due Dates
Date
Particulars
07.10.2024
– Deposit TDS/TCS for the month of September 2024.
– Submit declaration in Form-27C for no TCS deduction from the manufacturer.
15.10.2024
– Issue TDS Certificates under sections 194-IA, 194-IB, 194S for tax deducted in September 2024.
30.10.2024
– Filing of Form 10DA where Deduction under Section 80JJAA is claimed for newly employed companies.
31.10.2024
– File Income Tax Returns (ITR) for AY 2024-25, if no international or specified domestic transactions by companies.
– File Form 3CEB for transfer pricing, if applicable.
– Submit quarterly TDS statement for July-September 2024.
– Furnish audited accounts for entities under section 35(2AA).
2. GST Compliance Due Dates
Date
Particulars
10.10.2024
– File GSTR-7 for TDS deductors for September 2024.
– File GSTR-8 by e-commerce operators.
11.10.2024
– File GSTR-1 for taxpayers with turnover above ₹5 crore or those who did not opt for the QRMP scheme.
13.10.2024
– GSTR-5 for Non-Resident Taxpayers and GSTR-6 for Input Service Distributors (ISD).
20.10.2024
– GSTR-3B for businesses with turnover above ₹5 crore or who did not opt for QRMP.
– File GSTR-5A for OIDAR service providers.
22.10.2024
– GSTR-3B for taxpayers under the QRMP scheme for the July-September 2024 quarter.
24.10.2024
– GSTR-1 filing for those opting for QRMP for the July-September quarter.
31.10.2024
– Final date to opt-in or out of the QRMP scheme for the October-December 2024 quarter.
3. MCA (Ministry of Corporate Affairs) Compliance Due Dates
Date
Particulars
14.10.2024
– File Form ADT-1 where auditors were appointed in the AGM held on 30th September 2024.
29.10.2024
– File Annual Accounts (AOC-4) within 30 days from the conclusion of the AGM for companies.
30.10.2024
– LLPs are required to file Form 8, which is the Statement of Accounts & Solvency for the financial year.
4. MSME (Micro, Small & Medium Enterprises) Compliance
Date
Particulars
31.10.2024
– File Form MSME-1 for the half-year period from April 2024 to September 2024, which pertains to payments to MSMEs.
5. Other Statutory Compliances
Date
Act
Particulars
07.10.2024
Equalization Levy
– Deposit of equalization levy for the month of September 2024.
07.10.2024
FEMA
– Report actual ECB transactions through Form ECB-2 return.
15.10.2024
Provident Fund & ESI
– Filing of ECR (Electronic Challan cum Return) and payment of PF/ESI dues for the month of September 2024.
Summary of Key Due Dates
GST Returns: Several important filing deadlines for GSTR-1, GSTR-3B, and other related forms occur throughout the month, with the first on 10th October and the last on 31st October.
Income Tax: Major due dates for TDS deposits and returns, ITR filing, and submission of other forms such as Form 10DA.
MCA Filings: Key compliance includes filing Form ADT-1 and Form AOC-4 for annual accounts and auditor appointments.
MSME: Ensure to file MSME Form 1 for the half-yearly period, no later than 31st October 2024.
Disclaimer:-
The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.
Pooja Gupta
CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience.
Educator and Digital Creator
