Income Tax Deadlines – November 2026: If you are an income tax payer, this information could be very important for you. Several tax-related deadlines fall in the month of November. These include the payment of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) for the month of October, the issuance of tax deduction certificates, and the filing of income tax returns for taxpayers subject to an audit.
If you run a business or handle tax-related matters for a company—and your business is subject to a tax audit—it is crucial to keep these dates in mind. Failure to deposit taxes or submit the required forms on time will result in penalties. Let’s look at these details further.
Payment of TDS and TCS (Deadline: November 7)
If you have deducted TDS or collected TCS on payments made during October 2026, you must deposit the amount into the Central Government’s account by November 7. This applies to all entities and business owners responsible for deducting TDS or collecting TCS. Additionally, in certain cases, a buyer may be required to upload a specific form (Form 127) for the seller; this form serves as a declaration regarding the non-deduction of TDS, subject to specific conditions.
Issuance of TDS Certificates (Deadline: November 14)
TDS certificates for specific types of transactions must be issued by November 14. This involves the use of Form 132, which relates to taxes deducted during the month of September. These transactions include payments for rent, the purchase or sale of immovable property, payments for technical services, and the transfer of VDA (Virtual Digital Assets), among others. In such cases, those who have deducted the tax are required to provide the certificate to the relevant party within the stipulated timeframe.
TDS and TCS Forms (Deadline: November 15)
November 15 marks the deadline for three essential tax-related tasks. Under these conditions, a TDS certificate must be issued—excluding quarterly salary, pension, and interest income earned by senior citizens—using Form 131. Additionally, a TCS certificate for collections must be issued using Form 133. This will help identify the taxpayer and provide information on the amount collected from them. Form 137 will allow government offices to track the status of TDS and TCS deposits for the preceding month, even without a formal challan.
November 21 is the deadline for ITRs that require an audit.
For taxpayers whose accounts are subject to a mandatory audit under Income Tax rules, the deadline to file their income tax return for the 2026-2027 assessment year has been set for November 21, 2026. Previously, this deadline was October 31. All taxpayers falling under this category must ensure they complete their filings by this date; otherwise, they may be liable to pay a penalty.