November 2026 is the deadline for many important tasks related to income tax. It includes last date for payment of TDS/TCS, issuance of TDS and TCS certificates and filing of Income Tax Return (ITR) for tax audited taxpayers for the month of October. If you are a businessman, handle tax deductions or come under audit, ignoring these dates can prove costly. Let us know by which date in November the tax related work is required to be completed.
November 7: TDS payment deadline for October
The first important tax-related deadline is early November. Taxes i.e. TDS and TCS deducted or collected during October 2026 have to be deposited with the Central Government by 7th November. This responsibility lies with the institutions, businessmen and other concerned persons who have to deduct TDS or collect TCS while making payment. Further, the compliance requirement regarding uploading of declarations received in Form 127 under the Income Tax Rules, 2026 also applies till this date. This form is used in situations where the buyer gives a declaration to the seller to avoid TDS deduction under prescribed conditions.
November 14: TDS certificate
Under the Income Tax Act, 2025, for tax deducted in September 2026, TDS deductors have to issue TDS certificate in ‘Form 132’ by November 14. ‘Form 132’ is a TDS certificate issued for tax deduction on certain transactions. These include payment of rent, transfer of immovable property, payment for technical services and transfer of virtual digital assets (VDAs). The TDS deductors have to issue this certificate within 15 days from the due date of filing the relevant challan-cum-statement in ‘Form 141’.
November 15: TDS and TCS certificate
- Form 131: In case of TDS other than salary, pension or interest income of senior citizens, for the quarter ending September 30, 2026, TDS deductors have to issue ‘Form 131’. This certificate helps taxpayers to verify the tax deducted from their income.
- Form 133: Tax collectors have to issue TCS certificate for quarter ending 30 September 2026. It includes the statement of tax collected at source (TCS).
- Form 137: Government offices which have deposited TDS/TCS for the month of October without submitting challan, have to furnish this statement by 15th November.
November 21: Last date to file ITR
November 21 is an important date for businesses and taxpayers who are subject to special audit criteria. For taxpayers whose accounts are required to be audited, the last date for filing ITR for Assessment Year (AY) 202627 has been extended from 31 October to 21 November 2026. These taxpayers were to submit their tax audit reports by 21 October 2026.
November 30: Deadline for transfer pricing matters and Form 141
Last date for filing ITR AY 202627 for taxpayers filing return under Section 92E of Income Tax Act, 1961 is 30 November. This includes taxpayers who carry out international or domestic transactions to which the transfer pricing rules apply. Also, Form 141 has to be submitted by November 30 for certain special TDS deductions made during October 2026. Form 141 is a type of combined challan-cum-statement. It is used to report TDS deduction on transactions like transfer of immovable property, payment of rent, payments made by individuals or Hindu Undivided Families (HUF) to contractors or professionals and transfer of Virtual Digital Assets (VDA).
Otherwise can be damaged?
Failure to timely submit tax related forms, payments or certificates may result in interest, late fees or penalties as per applicable rules. Besides, if the TDS certificate is delayed, the concerned person may also face difficulty in matching his tax credit. Therefore, businessmen, employers and tax compliance handlers should prepare their records, payments and related forms in advance. Check your category and applicable rules before the November deadline. Note the payment dates of TDS/TCS, relevant certificates and ITR filing separately. Also ensure that there is no confusion between the forms applicable under the old and new income tax laws.
