The Central Board of Direct Taxes (CBDT) has released the e-calendar for the year 2023 which mentions all the important income tax compliance dates. Hence, taxpayers can know all the important income tax due dates in a fingertip. The e-calendar will be beneficial for the taxpayers as it mentions all the compliance due dates including TDS, advance tax and annual income tax return due dates for individuals, companies and other entities. The voluntary taxpayers can use the calendar before starting tax planning and the professionals to manage their compliance responsibilities on time.
The CBDT said in the preface of the calendar that- “this calendar is a tribute to India’s values of “Vasudhaiva Kutumbakam” which has inspired the theme for India’s G20 Presidency: ‘ONE EARTH, ONE FAMILY, ONE FUTURE’ India sees all living beings and even inanimate things as composed of 5 basic elements, the Panchtatva – Prithvi (Earth), Jal (Water), Vayu (Air), Agni (Fire) and Akaash (Sky). The photographs in this calendar are all inspired by these elements and are taken by officers/officials of the Income Tax Department”.
The e-calendar specifies the due date for filing of income tax returns to be July 31 for the individuals. The due date is the date by which the returns can be filed without any late fee or penalty.