As we enter October 2024, it's crucial to stay on top of statutory compliance deadlines to avoid penalties and ensure smooth business operations. Below is a comprehensive compliance calendar for the month, highlighting key dates and obligations for businesses under GST, Income Tax, TDS, and the Companies Act.
Key Compliance Dates
| Due Date | Compliance | Period | Description |
|---|---|---|---|
| 7th October | Income Tax | September 2024 | Deposit of TDS/TCS for September 2024. |
| Income Tax | July to September 2024 | Deposit of TDS for July to September 2024 (quarterly deposit permitted by Assessing Officer under sections 192, 194A, 194D, or 194H). | |
| 10th October | GST | September 2024 | GSTR-7 filing by TDS deductors. |
| 11th October | GST | September 2024 | GSTR-1 (Monthly) filing for outward supplies. |
| 15th October | Income Tax | September 2024 | Furnishing of Form 24G by government offices for TDS/TCS paid without challan. |
| Income Tax | August 2024 | Issuance of TDS Certificates for tax deducted under sections 194-IB, 194-IA, 194M, and 194S. | |
| TCS Compliance | Quarter Ending September 30, 2024 | Quarterly statement of TCS deposited for the quarter. | |
| Income Tax | Quarter Ending September 2024 | Upload declarations in Form No. 15G/15H received during the quarter. | |
| Companies Act | September 2024 | Filing of form DPT-3 for all companies that have accepted deposits. | |
| 20th October | GST | September 2024 | GSTR-3B filing for inward and outward supplies. |
| Companies Act | FY 2023-24 | Filing of form MGT-7 (Annual Return) for companies. | |
| 30th October | Income Tax | September 2024 | Furnishing of challan-cum-statement for tax deducted under sections 194-IA, 194-IB, 194M, and 194S. |
| TCS Compliance | Quarter Ending September 30, 2024 | Quarterly TCS certificate for the quarter. | |
| Companies Act | FY 2023-24 | Annual General Meeting (AGM) must be conducted and minutes recorded by this date. | |
| Companies Act | FY 2023-24 | File Form FC-3, DIR-3 KYC, and obtain ISIN for share dematerialization. | |
| 31st October | Income Tax | FY 2023-24 | Filing of return of income for specified assesses. |
| International Transactions | FY 2023-24 | Audit report under section 44AB and report in Form 3CEB. | |
| GST | Quarter Ending September 30, 2024 | Furnishing of GSTR-9 for regular taxpayers. | |
| GST | Quarter Ending September 30, 2024 | Furnishing of GSTR-9A for composition scheme taxpayers. | |
| Companies Act | FY 2023-24 | Filing of form AOC-4 (Annual Accounts) for One Person Companies (OPCs) and other companies. | |
| Income Tax | October 31, 2024 | E-filing of report (in Form No. 3CEJ) by eligible investment funds regarding arm’s length price of remuneration. | |
| Research Compliance | October 31, 2024 | Statement by scientific research associations as required by rules 5D, 5E, and 5F. |
Key Compliance Highlights
- TDS Payment: Ensure TDS/TCS for September 2024 is deposited by 7th October.
- GSTR Filings:
- GSTR-1 is due on 11th October.
- GSTR-3B must be filed by 20th October.
- Income Tax Compliance:
- TDS Certificates for August 2024 are due on 15th October.
- Filing of Form 10DA and Form 29B for specific deductions must be completed by 30th October.
- Companies Act Compliance:
- Conduct AGM by 30th October to remain compliant.
- Ensure filing of necessary forms, including MGT-7 and AOC-4, by the respective due dates.
For assistance or expert guidance, please reach out to Sandeep Ahuja & Co. We are here to support all your statutory compliance needs.
