“The ballot is stronger than the bullet.”
—Abraham Lincoln
Statutory and Tax Compliance Calendar for month of May 2024
This article compiles due-dates for GST, Income Tax, ESI, PF Acts, and Companies Act compliances with a primary focus on Individuals, Professionals, and SME Businesses.
These due-dates are subject to extensions based on stakeholder representations and circumstances. We will notify you as soon as any due-dates are extended.
In accordance with applicable laws and regulations, colour coding is employed for better understanding.
Total days – 31
No. of due dates- 11
News and updates
Date of filing Form 10A and 10AB extended.
✅ The Central Board of Direct Taxes (CBDT) has officially extended the deadline for filing Form 10Aand Form 10ABto June 30, 2024, according to Circular No. 07/2024. This extension is to alleviate hardshipsfaced by taxpayers, following multiple prior extensions. Trusts, institutions, and funds that had not filed for AY 2022-23 can use this opportunity to adjust their filings or reapply.
✅ The extension applies to provisions under sections 10230, 12Ą 80G, and 35 of the Income-tax Act. All relevant applications must be filed electronically via the e-filing portal of the Income Tax Department This announcementaims to address issues faced due to late or incorrectly filed applications in the past.
Relief for TDS/TCS Deductors:
✅ Circular No. 6/2024, issued for PAN-Aadhaar non-linkage short deduction demand notices.
✅ Deductors not in default for collecting at normal rate despite PAN inoperability if linked with Aadhaar by 31-05-24
✅ For transactions up to 31-03-24
This calendar is prepared for the benefits of clients and well-wishers of M/s Kanhaiya Gautam and Associates, Chartered Accountants. This should not be used as substitute for professional advice. Best efforts are placed to compile these due dates, still we would appreciate if you draw our attention to any inaccuracy.