Important Income Tax Deadlines in May 2025
May 2025 brings a range of crucial income tax compliance requirements. From TDS/TCS certificates to PAN applications and financial statements, staying ahead of deadlines is essential. Missing any may lead to interest, penalties, or compliance issues. Therefore, it’s wise to plan accordingly and mark these dates.
📌 Key Deadlines – Week by Week
🔹 7 May 2025
- Deposit the tax deducted/collected for April 2025.
- Additionally, upload declarations received in Form 27C.
🔹 15 May 2025
- Issue TDS Certificates for March 2025 under Sections 194-IA, 194M, and 194S.
- Submit Form 24G for April (for government offices only).
- File the Quarterly TCS Statement for Q4 of FY 2024–25.
- Also, furnish Form 3BB and association statements for modified client codes related to April 2025.
🔹 30 May 2025
- Submit challan-cum-statements for April 2025 under Sections 194-IA, 194M, 194-IB, and 194S.
- Issue TCS Certificates for Q4 of FY 2024–25.
- Moreover, furnish the statement required under Section 285B for FY 2024–25.
🔹 31 May 2025
- File the Quarterly TDS Statement for Q4 of FY 2024–25.
- Submit the Return of tax deductions by superannuation fund trustees.
- Furnish Form 61A (Statement of Financial Transactions) for FY 2024–25.
- Upload Form 61B for reportable accounts for Calendar Year 2024.
- Apply for PAN (non-individuals entering financial transactions over ₹2.5 lakh).
- Submit PAN applications for key managerial personnel (as per Rule 114).
- File Form 9A to carry forward income application.
- Submit Form 10 to accumulate income under Section 10(21)/11(1).
- Furnish Form 10BD (donation statement) and issue Form 10BE to donors.
- Lastly, submit the CA certificate detailing investments in zero-coupon bonds.
