Meeting earnings tax obligation due date is very important for the taxpayers, falling short which they stand to lose out on tax obligation advantages or might also need to pay charges, costs or penalties.
The fiscal year 2026 is readied to finish in one more 15 days. We, consequently, listing out the crucial target dates that are readied to finish in the following couple of days prior to March 31, 2025.
March 2025: These are crucial earnings tax obligation target dates
I. Investing for tax obligation reduction: Investors need to spend previously March 31 to be able to declare tax obligation reduction for the fiscal year 2024-25. However, it is significant that those tax obligation payers that spend after March 31 will certainly have the ability to declare tax obligation reduction just in the following year i.e., 2025-26.
It is significant that tax obligation reductions under numerous areas such as 80C, 80D and 80G are supplied just under the old tax obligation program and not in the brand-new tax obligation program. Therefore, if you intend to choose the brand-new tax obligation program for FY 2024-25 after that you do not require to spend to be able to save money on tax obligation.
II. Fourth instalment of advancement tax obligation: March 15 (i.e., today) is the due date to pay 4th instalment of advancement tax obligation for the analysis year 2025-26. On today, taxpayers that are suggested to pay advancement tax obligation need to remove their one hundred percent fees prior to March 15.
III. Furnishing of kind 24G: Another due date that drops on Saturday is for the furniture of Form 24G by a workplace of the Government where TDS/TCS for the month of February, 2025 has actually been paid without the manufacturing of a Challan.
IV: TDS: Due day for problem of TDS Certificate for tax obligation deducted under area 194-IA and 194-IB in the month of January, 2025 is March 17.
V: Challan orgasm certification: Due day for furniture of challan-cum-statement in regard of tax obligation deducted under area 194-IA and 194-IB in February is March 30.
VI: Updated return: Furnishing of an upgraded return of earnings for the Assessment Year 2022-23 is March 31.
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