Income Tax Calendar 2025: Taxpayers are advised to adhere to these deadlines to avoid penalties or interest charges.
Income Tax Calendar 2025: As we step into the new financial year, taxpayers and organisations need to keep track of important deadlines in the Income Tax Calendar for January 2025. Timely compliance with these deadlines is crucial to avoid penalties and ensure smooth tax filing processes.
Taxpayers are advised to adhere to these deadlines to avoid penalties or interest charges. Maintaining a robust compliance calendar and leveraging automated tools can assist in ensuring timely filing and payment. For detailed guidance or assistance, consult with a tax professional.
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Below are the key due dates for January 2025.
January 07, 2025
- The due date for deposit of Tax deducted [except under section 194-IA, section 194-IB, section 194M, or section 194S (by specified person)] or collected for the month of December, 2024. However, all the sum deducted/collected by an office of the government
- Due date for deposit of TDS for the period October 2024 to December 2024 when Assessing Officer has permitted quarterly deposit of TDS under Sections 192, 194A, 194D or 194H
January 14, 2025
- Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2024
- Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2024
- Due date for issue of TDS Certificate for tax deducted under section 194M in the month of November, 2024
- Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of November, 2024
January 15, 2025
- Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of December, 2024 has been paid without the production of a challan
- Quarterly statement of TCS for the quarter ending December 31, 2024
- Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending December, 2024
- Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2024
- Furnishing of statement in Form No. 49BA under Rule 114AAB (by specified fund) for the quarter ending December 31, 2024
January 30, 2025
- Quarterly TCS certificate in respect of the quarter ending December 31, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of December, 2024
- Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S (by specified person) in the month of December, 2024
Read More: India’s Agenda For 2025, Making Direct, Indirect Taxes Simpler: Experts
January 31, 2025
- Quarterly statement of TDS for the quarter ending December 31, 2024
- Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2024
- Intimation by Sovereign Wealth Fund in respect of investment made in India for the quarter ending December 2024.
