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News18
01-05-2025
- Business
- News18
Tax Calendar May 2025: Don't Miss These Due Dates During The Month
Tax Calendar May 2025: From TDS deposit to TDS/ TCS certificates and challans to advance tax; here's the complete list of activities you should complete in May. Tax planning is an essential part of financial management. For this, one must know the key dates for tax payments. A tax calendar helps taxpayers to stay organised and compliant with tax requirements. Here are the tax due dates for May 2025. May 7, 2025: TDS, TCS Deposit Due date for deposit of Tax deducted/collected for the month of April 2025. However, all sum deducted/collected by an office of the government shall be paid to the credit of the central government on the same day where tax is paid without production of a challan. It is also the deadline for uploading of declarations received in Form 27C from the buyer in the month of April 2025. May 15, 2025: TDS Certificate The deadline to issue a TDS certificate for tax deducted under Sections 194-IA, 194-M and 194S (by specified person) for March 2025. May 15, 2025: Form 24G, Quarterly TCS Deposits, Form No 3BB Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of April, 2025 has been paid without the production of a challan. Quarterly statement of TCS deposited for the quarter ending March 31, 2025 It is the last date to furnish statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of April, 2025 Due date for furnishing statement by a recognised association in respect of transactions in which client codes been modified after registering in the system for the month of April 2025. Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194M and 194S (by specified person) in the month of April 2025. It is the last date for Issue of TCS certificates for the 4th Quarter of the financial year 2024-25. Due date for furnishing of statement required under Section 285B for the previous year 2024-25. May 31, 2025: Form 3CEAD, Form 67, Updated ITR For AY 2022-23 Quarterly statement of TDS deposited for the quarter ending March 31, 2025. Return of tax deduction from contributions paid by the trustees of an approved superannuation fund. 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 2024-25. 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 2024 by reporting financial institutions.
India.com
01-05-2025
- Business
- India.com
Major Tax And GST Related Deadlines For You In May 2025: Check List Of Financial Deadlines
2 / 6 TDS certificates for deductions made in March 2025 that cover transactions under Sections 194-IA, 194M, and 194S must be issued by organizations by May 15, 2025. Government offices that processed TDS/TCS without a challan in April must submit Form 24G by May 15, 2025. Entities are required to provide their quarterly TCS statement for the quarter ending March 31, 2025.
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Business Standard
01-05-2025
- Business
- Business Standard
May 2025 tax filing & compliance deadlines: What's due, when, and by whom
May is a month of tax deadlines for individuals, employers, financial institutions and other organisations. Here's a role-wise breakdown of each deadline set by the Income-Tax Department. May 7, 2025 What's due Deposit of TDS/TCS for April 2025 Uploading Form 27C declarations for April Who must act Employers and other deductors: Ensure all tax deducted or collected in April is deposited to the government account by May 7. Late payment attracts interest at 1.5 per cent per month. Buyers (Form 27C declarants): Submit any lower-withholding declarations (Form 27C) to your seller or collector; sellers/collectors must upload these declarations to the department's portal by this date. May 15, 2025 What's due Issue TDS certificates for March deductions under Sections 194-IA (property), 194M (contractors), and 194S (specified persons) Furnish Form 24G for government offices (April's TDS/TCS paid without challan) Quarterly TCS statement for January–March quarter Form 3BB by stock exchanges/recognised associations (April trades with modified client codes) Who must act Specified deductors (property buyers, contractors, designated persons): Issue March TDS certificates to payees. Government offices: File Form 24G if April's TDS/TCS was deposited without production of a challan. Collectors of TCS: Submit Q4 (January-March) TCS statement. Stock exchanges and recognized associations: Report April transactions with altered client codes via Form 3BB. May 30, 2025 What's due Challan-cum-statement for April TDS under Sections 194-IA, 194-IB, 194M, 194S Issue TCS certificates for Q4 FY25 Section 285B statement for FY25 Who must act All deductors under the above sections: File your challan-cum-statement for April deductions. TCS collectors: Provide Q4 certificates to buyers to help them claim credits. Applicable deductors (e.g., NRE bank branches): Furnish the annual statement under Section 285B. May 31, 2025 What's due Quarterly TDS statement for January-March quarter Trustee return for approved superannuation fund contributions Form 61A (SFTR) and Form 61B (CRS) Who must act
