Tax planning is an integral part of overall financial planning as it plays a crucial role in reducing tax liability and increasing savings.
May marks the conclusion of several tax-related deadlines, and it's important to be aware of the specific dates. Here’s a full list of the various due dates.
The due date for submitting the challan-cum-statement for tax deducted under sections 194M, 194-IB, and 194S in April 2023 is May 30
May 30
May 30 marks the final deadline for issuing TCS (Tax Collected at Source) certificates for the fourth quarter of the financial year 2022-23.
May 30
May 31 is the deadline for submitting the quarterly statement of TDS (Tax Deducted at Source) deposited for the quarter ending on March 31, 2023.
May 31
The due date for submitting the return of tax deduction from contributions paid by the trustees of an approved superannuation fund is May 31.
May 31
The deadline for the submission of the statement of financial transaction (Form No. 61A) as mandated under sub-section (1) of section 285BA of the Act for the financial year 2022-23 is May 31.
May 31
The deadline for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2022 by reporting financial institutions will even end on May 31.
May 31
Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs 2.5 lakh or more during FY 2022-23 and hasn't been allotted any PAN must be submitted by May 31.
May 31
The application for allotment of PAN in case of person being managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in Rule 114(3)(v) or any person competent to act on behalf of the person referred to in Rule 114(3)(v) and who hasn't allotted any PAN must also be submitted by this day.
May 31