Navigating compliance requirements is essential for smooth business operations and avoiding penalties. Here’s a comprehensive calendar for August 2024, highlighting crucial deadlines and forms you need to be aware of. Staying on top of these deadlines will help ensure that your business remains compliant with regulatory requirements.
| Date | Category | Form | Obligation |
|---|---|---|---|
| 07 Aug 2024 | Income Tax | Challan No. ITNS-281 | Payment of TDS/TCS for July. Government offices must pay on the same day the tax is deducted if paid by book entry. |
| FEMA | ECB-2 | Return of External Commercial Borrowings for July. | |
| 10 Aug 2024 | Goods and Services Tax | GSTR-7 | Monthly return by tax deductors for July. |
| GSTR-8 | Monthly return by e-commerce operators for July. | ||
| 11 Aug 2024 | Goods and Services Tax | GSTR-1 | Monthly return of outward supplies for July. |
| 13 Aug 2024 | Goods and Services Tax | GSTR-6 | Monthly return of Input Service Distributor for July. |
| IFF | Optional upload of B2B invoices and debit/credit notes under the QRMP scheme for July. | ||
| GSTR-5 | Monthly return by non-resident taxable persons for July. | ||
| 14 Aug 2024 | Income Tax | Form 16B | Issue TDS Certificate under Section 194-IA for property purchases in June. |
| Form 16C | Issue TDS Certificate for rent above ₹50,000 per month under Section 194-IB, where the lease terminated in June. | ||
| Form 16E | Issue TDS Certificate for tax deducted under Section 194S on Virtual Digital Assets in June. | ||
| Form 16D | Issue TDS Certificate for tax deducted under Section 194M on certain payments by individuals/HUF in June. | ||
| 15 Aug 2024 | Income Tax | Form 16A | Issue TDS certificates for Q1 of FY 2024-25. |
| Form 24G | Details of deposit of TDS/TCS for July by book entry for government offices. | ||
| Provident Fund (PF) | Electronic Challan cum Return (ECR) | E-payment of PF for July. | |
| Employees' State Insurance (ESI) | ESI Challan | Payment of ESI for July. | |
| 20 Aug 2024 | Goods and Services Tax | GSTR-3B | Summary return cum payment of tax for July by monthly filers (excluding QRMP). |
| 25 Aug 2024 | Goods and Services Tax | PMT-06 | Deposit of GST under QRMP scheme for July. |
| 28 Aug 2024 | Goods and Services Tax | GSTR-11 | Return for July by persons with Unique Identification Number (UIN) for refund claims on goods and services purchased. |
| 30 Aug 2024 | Income Tax | Form 26QB | Deposit TDS under Section 194-IA for property purchases in July. |
| Form 26QC | Deposit TDS under Section 194-IB @ 5% on rent payments above ₹50,000 per month by individuals/HUF for leases terminating in July. | ||
| Form 26QD | Deposit TDS on certain payments by individuals/HUF under Section 194M for July. | ||
| Form 26QE | Deposit TDS on Virtual Digital Assets under Section 194S for July. | ||
| 31 Aug 2024 | Income Tax | Form 9A | Application for exercising option under Explanation to Section 11(1) to apply income of previous year if ITR due date is October 31. |
| Form 10 | Statement to accumulate income for future application under Sections 10(21) or 11(1) if ITR due date is October 31. |
For a more detailed guide on compliance requirements and deadlines, visit casahuja.com, the blog by Sandeep Ahuja & Co.
