Income tax compliance is the process of meeting your legal obligations and responsibilities as a taxpayer in respect to income taxes. It entails declaring your income truthfully, figuring out the taxes due, and submitting your tax returns on time to the right tax authorities.
The person must file their income taxes on time or before the deadline to avoid serious penalties. The technical aspect can deteriorate in the haste to fulfil the deadline, making it impossible for you to do so. If feasible, submit your paperwork before the deadlines.
The following are the income tax compliances that you must file by 31st May 2023.
| S.NO | DATE | |
| 1 | Submission of a statement (in Form No. 49C) by non-resident having a liaison office in India for the financial year 2022-23 | 30-05-2023 |
| 2 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of April, 2023 | 30-05-2023 |
| 3 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of April, 2023 | 30-05-2023 |
| 4 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of April, 2023 | 30-05-2023 |
| 5 | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S in the month of April, 2023 Note: Applicable in case of specified person as mentioned under section 194S | 30-05-2023 |
| 6 | Issue of TCS certificates for the 4th Quarter of the Financial Year 2022-23 | 30-05-2023 |
| 7 | Quarterly statement of TDS deposited for the quarter ending March 31, 2023 | 31-05-2023 |
| 8 | Return of tax deduction from contributions paid by the trustees of an approved superannuation fund | 31-05-2023 |
| 9 | Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2022-23 | 31-05-2023 |
| 10 | Due date 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 | 31-05-2023 |
| 11 | Application for allotment of PAN in case of non-individual resident person, which enters into a financial transaction of Rs. 2,50,000 or more during FY 2022-23 and hasn’t been allotted any PAN | 31-05-2023 |
| 12 | 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 | 31-05-2023 |
| 13 | Application in Form 9A for exercising the option available under Explanation to section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on or before July 31, 2023) | 31-05-2023 |
| 14 | Statement in Form no. 10 to be furnished to accumulate income for future application under section 10(21) or section 11(1) (if the assessee is required to submit return of income on or before July 31, 2023) | 31-05-2023 |
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