“Stay compliant in January 2024 with our comprehensive guide on Income Tax, GST, and Labour Law due dates. Navigate critical deadlines, understand tax deposit intricacies, and ensure a penalty-free start to the year. Your indispensable compliance calendar for a seamless business environment.”
Welcome to the Compliance Calendar for January 2024, your indispensable guide to navigating the intricate landscape of tax, GST, and Labour Law obligations. As we step into the new year, businesses face critical deadlines that demand meticulous attention. This comprehensive overview aims to equip you with a thorough understanding of the due dates for Income Tax, GST filings, and Labour Law payments. From tax deposit intricacies to foreign remittance declarations, this guide covers it all. Stay ahead of compliance requirements to avoid penalties and ensure a smooth start to the year. Join us on this journey through the regulatory landscape, empowering you to meet your responsibilities with precision and confidence.
Page Contents
Compliance Calendar January 2024
Income Tax Compliance Calendar for January 2024
| Description | Section | Due Date |
| Due date for deposit of Tax deducted or collected for the month of December 2023.
[Note : All the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan] |
except under Section 194-IA, Section 194-IB, Section 194M, or Section 194S (by specified person) | 07-01-2024 |
| Due date for deposit of TDS for the period October 2023 to December 2023 when Assessing Officer has permitted quarterly deposit of TDS under Sections 192, 194A, 194D or 194H | Sections 192, 194A, 194D or 194H | |
| Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M and 194S in the month of November, 2023
[Note: Applicable in case of specified person as mentioned under section 194S] |
Section 194-IA, 194-IB, 194M and 194S | 14-01-2024 |
| Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2023 has been paid without the production of a challan | Form 24G | 15-01-2024 |
| Quarterly statement of TCS for the quarter ending December 31, 2023 | TCS Quarter | |
| Quarterly statement in respect of foreign remittances in Form No. 15CC for quarter ending December, 2023
[ Note : to be furnished by authorized dealers ] |
Form No. 15CC | |
| Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2023 | Form 15G/15H | |
| Furnishing of statement under Rule 114AAB (by specified fund) for the quarter ending December 31, 2023 | Form No. 49BA | |
| Quarterly TCS certificate in respect of Quarter ending December 31, 2023 | TCS certificate | 30-01-2024 |
| Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M and 194S in the month of December 2023
[Note: Applicable in case of specified person as mentioned under section 194S] |
Section 194-IA, 194-IB, 194M and 194S | |
| Quarterly statement of TDS for the quarter ending December 31, 2023 | TDS Quarter | 31-01-2024 |
| Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2023 | Quarterly return of non-deduction | |
| Exercising the option to opt for alternative tax regime under Section 115BAA by a domestic company for assessment year 2021-22 | Section 115BAA | |
| Intimation by Sovereign Wealth Fund in respect of investment made in India for quarter ending December, 2023 | Sovereign Wealth Fund | |
| Intimation by a pension fund in respect of investment made in India for quarter ending December 31, 2023 | Pension Fund |
GST Compliance Calendar for January 2024
| Forms/(Filing Mode) | Compliance Particulars | Due Dates |
| GSTR 1 | The last date to file the GSTR-1 form is January 11, 2024, for taxpayers having an annual aggregate turnover of more than INR 1.5 crore or the ones who have opted for the monthly return filing. | 11.01.2024 |
| GSTR 1 | GSTR-1 up to INR 1.5 crores Quarterly October-December 2023 | 13.01.2024 |
| IIF | Monthly (December 2023) | 13.01.2024 |
| GSTR 3B | Annual Turnover of more than INR 5cr in Previous FY | December 2023 | 20.01.2024 |
| GSTR 3B | Annual Turnover of up to INR 5cr in Previous FY | December 2023 | 20.01.2024 |
| GSTR 3B G-1 | Quarterly October-December 2023 | 22.01.2024 |
| GSTR 3B G-2 | Quarterly October-December 2023 | 24.01.2024 |
| GSTR 5 | All the non-resident persons must file the GSTR-5 alongside the payment of GST on or before the given due date of 13th January 2024 for December 2023. | 13.01.2024 |
| GSTR 5A | All the non-resident ODIAR services providers should file their monthly return GSTR-5A on or before the given due date of 20th January 2024, for the month of December 2023. | 20.01.2024 |
| GSTR 6 | Every Input Service Distributor (ISD) must file GSTR-6 on or before the given due date of 13th January for the period of December 2023. | 13.01.2024 |
| GSTR-7 | The due date for filing GSTR 7 for the period of December 2023 is 10th January. | 10.01.2024 |
| GSTR 8 | The due date for furnishing GSTR 8 for the period December 2023 for registered e-commerce taxpayers in India who are liable to pay TCS should be deducted on or before deducted on or before 10th January. | 10.01.2024 |
| CMP-08 | 03rd Quarterly October-December 2023 | 18.01.2024 |
Labour Law Compliance Calendar for January 2024
| Compliance Particulars | Due Dates |
| Deposit of PF & ESI | 15.01.2024 |
| PT Payment of INR 200 for Salary above 25,000 p.m. in Karnataka | 20.01.2024 |
Conclusion: Maintaining compliance is crucial for businesses. Ensure timely action on Income Tax, GST, and Labour Law requirements in January 2024 to foster a seamless and penalty-free business environment. Stay informed, stay compliant.
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