June 2024 is a critical month for businesses, individuals, and financial professionals to keep track of various tax and compliance deadlines. Adhering to these deadlines ensures smooth operations and avoids penalties. This comprehensive calendar outlines key due dates for obligations such as Income Tax, GST, ESI, and others. Staying informed about these dates helps maintain compliance and financial health.
| S. No. | Event Date | Act | Applicable Form | Obligation |
| 1 | Friday, 7 June 2024 | Income Tax | Challan No. ITNS-281 | Payment of TDS/TCS of May 2024. |
| 2 | FEMA | ECB-2 | Return of External Commercial Borrowing of May 2024. | |
| 3 | Monday, 10 June 2024 | GST | GSTR-7 | Monthly Return by Tax Deductors for May 2024. |
| 4 | GSTR-8 | Monthly Return by e-commerce operators for May 2024. | ||
| 5 | Tuesday, 11 June 2024 | GST | GSTR-1 | Monthly Return of Outward Supplies for May 2024.(Other than QRMP) |
| 6 | Thursday, 13 June 2024 | GST | GSTR-6 | Monthly Return of Input Service Distributor for May 2024. |
| 7 | IFF | Optional Upload of B2B invoices, Dr/Cr notes for May 2024 under QRMP scheme. | ||
| 8 | Friday, 14 June 2024 | Income Tax | Form 16B | Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in April 2024. |
| 9 | Form 16D | Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in April 2024. | ||
| 10 | Form 16C | Issue of TDS Certificate for tax deducted on rent above INR 50,000 pm by individuals/HUF u/s 194-IB where lease has terminated in April. | ||
| 11 | Form 16E | Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in April 2024. | ||
| 12 | Saturday, 15 June 2024 | ESI | ESI Challan | Payment of ESI for May 2024 |
| 13 | Income Tax | Challan No. 280 | Deposit of First Instalment of Advance Tax (15%) by all assessees (other than 44AD & 44ADA cases). | |
| 14 | Form 16 & 12BA | Issue of Salary TDS Certificates for the FY 23-24. | ||
| 15 | Form 16A | Issue of TDS Certificates (Non Salary) for Q4 of FY 23-24 | ||
| 16 | Provident Fund | Electronic Challan cum Return (ECR) | E-Payment of PF for May 2024. | |
| 17 | Thursday, 20 June 2024 | GST | GSTR-3B | Summary Return cum Payment of Tax for May 2024 by Monthly filers. (other than QRMP). |
| 18 | GSTR-5 & 5A | Monthly Return by Non-resident taxable person for May 2024. | ||
| 19 | Tuesday, 25 June 2024 | GST | PMT-06 | Deposit of GST of May 2024 under QRMP scheme. |
| 20 | Friday, 28 June 2024 | GST | GSTR-11 | Return for May 2024 by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them. |
| 21 | Sunday, 30 June 2024 | Companies Act | DPT-3 | Annual Return of Deposits by Companies other than NBFCs for FY 23-24. |
| 22 | MBP-1 | Director’s Disclosure of Interest and Non-disqualification by Companies. | ||
| 23 | – | Holding of Board Meeting by Companies for Q1. | ||
| 24 | Income Tax | Form 26QB | Deposit of TDS u/s 194-IA on payment made for purchase of property in May 2024 | |
| 25 | Form 26QC | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of May, 2024 | ||
| 26 | Form 26QD | Deposit of TDS on certain payments made by individual/HUF u/s 194M for May 2024. | ||
| 27 | Form 26QE | Deposit of TDS on Virtual Digital Assets u/s 194S for May 2024. | ||
| 28 | 10A | Application of Registration/Provisional Registration, Intimation, Approval/Provisional Approval of Trusts etc. | ||
| 29 | 10B | Application for conversion of Provisional Registration to regular or renewal of Registration/Approval after 5 years of Registration/Approval of Trusts, Institutions etc. | ||
| 30 | Equalisation Levy | Form 1 | Statement of Specified Services or E-Commerce Supply or Services | |
| 31 | Foreign Trade Policy | – | Online annual updation of IEC details. If no changes, confirm same online. Else IEC will be deactivated. | |
| 32 | SEBI Act | – | Updation of Nomination details or express opting out in Demat/ Trading/Mutual Fund Accounts to avoid deactivation. |
Conclusion
June 2024 is packed with various compliance deadlines crucial for maintaining financial discipline and regulatory adherence. From filing returns and making payments to updating necessary details, staying on top of these deadlines helps avoid penalties and ensures smooth business operations. Mark these dates on your calendar and take proactive steps to meet your obligations timely.
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Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com).
(Republished with amendments)
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