Income Tax Important Due Dates for May 2025:

As May begins, Taxpayers should be aware of key income tax deadlines for May 2025 to ensure compliance. Missing a deadline may attract penalties and interest. Here are some important Income Tax due dates for May 2025 that you need to know. 1. Deposit of TDS/TCS for April 2025 The Tax deducted/collected for the month of April, 2025, must be deposited by May 7, 2025. However, the TDS/TCS collected by government offices must be paid to the Central government on the same day on which the tax is paid without a challan. 2. Uploading Form 27C Declarations The due date for submitting the declaration received in Form 27C from the buyer in the month of April, 2025​ is May 7, 2025. 3. Issue of TDS Certificate u/s 194-IA, 194M and 194S The deadline for issue of TDS Certificate for tax deducted under section 194-IA, 194M and 194S (by specified person) in the month of March, 2025 is May 15, 2025. 4. Furnishing Form 24G The due date for submitting Form 24G by a government office where TDS/TCS for April, 2025 has been paid without challan, is May 15, 2025. 5. TCS Statement for Q4 The due date for the quarterly statement of TCS deposited for the quarter ending March 31, 2025 is May 15, 2025. 6. Furnishing statement in Form 3BB May 15, 2025, is the last date for submitting the statement in Form no. 3BB by a stock exchange for transactions in which client codes have been changed after registering in the system for the month of April, 2025. 7. Furnishing Statement by Recognised Association May 15, 2025 is the deadline for submitting a statement by a recognised association for transactions in which codes have been changed after registering in the system for April 2025. 8. Filing Challan-cum-Statements u/s 194-IA, 194M, 194-IB, 194S May 30, 2025 is the due date for furnishing challan-cum-statement for tax deducted under section 194-IA, 194M, 194-IB, 194S (by specified person) in the month of April, 2025. 9. Issuing TCS Certificates for Q4 The due date for using the TCS Certificate for quarter 4 of FY 2024-25 is May 30, 2025. 10. Section 285B Statement Filing The deadline for filing a statement under Section 285B for the previous year 2024-25 is May 30, 2025. 11. Quarterly TDS Statement May 31, 2025 is the due date for the ​Quarterly statement of TDS deposited for the quarter ending March 31, 2025. 12. Superannuation Fund Tax Return The due date for the Return of tax deduction from contributions made by trustees of an approved superannuation fund is May 31, 2025. 13. Due Date for Filing Form 61A May 31, 2025 is the last date for filing the financial transaction statement in Form No. 61A) as needed to be submitted under Section 285BA(1) of the Act for the financial year 2024-25. 14. E-Filing of Annual Statement of Reportable Accounts May 31, 2025 is the due date for e-filing of the annual statement of reportable accounts as needed to be filed under section 285BA(1)(k) (in Form No. 61B) for 2024 by reporting financial institutions. 15. PAN Application (Non-Individual Persons) May 31, 2025, is the due date for the application for PAN allotment (Non-Individual Persons) that have entered into financial transactions of Rs. 2.5 lakh or more during FY 2024–25 and do not yet have a PAN. 16. PAN Application by Key Persons 31 May 2025 is the last date to apply for PAN for key people like directors, partners, CEOs, trustees, karta, principal officer or office bearer of the person referred to in Rule 114(3)(v), or any person competent​, if the business doesn’t have a PAN yet 17. Filing Form 9A 31 May 2025 is the due date for submitting Form 9A to exercise the option under the Explanation to Section 11(1), allowing the application of income from the previous year in a future year, if the assessee is required to file the return of income by 31 July 2025. 18. Filing Form No. 10 31 May 2025 is the last date to submit Form 10 under Section 10(21) or Section 11(1), if the return of income is due by 31 July 2025. 19. Filing Form 10BD Statement of donation 31 May 2025 is the due date for the reporting person to submit Form 10BD, giving details of donations received during the financial year 2024–25, under Section 80G(5)(iii) or Section 35(1A)(i). 20. Issuing a Donation Certificate 31 May 2025 is the last date to issue Form 10BE to donors, as required under Section 80G(5)(ix) or Section 35(1A)(ii), showing the amount of donation received from them during the financial year 2024–25. 21. CA Certificate on Zero Coupon Bond Investment 31 May 2025 is the due Date for the CA Certificate on Zero Coupon Bond Investment. Companies/funds must submit a CA certificate detailing investments under Section 2(48).