Knowing key dates is crucial when it comes to income tax because missing these deadlines can lead to penalties and fines. Knowing these dates related to taxation is crucial for taxpayers to avoid penalties, manage their finances, file their returns on time, and stay updated with any changes in tax laws and regulations.
By understanding the due dates of tax payments, such as advance tax payments and self-assessment tax payments, taxpayers can plan their finances accordingly and avoid any legal or financial consequences.
Knowing key dates related to tax can help taxpayers stay compliant with tax laws, avoid financial and legal consequences, and manage their finances effectively.
Here are some of the key dates that taxpayers need to be aware of in May 2023;
Due Dates For May 2023
According to the tax calendar given on the official website of the Income Tax Department, following are the important dates for the month of May;
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