March is a crucial month for taxpayers in India as it marks the end of the financial year and brings several important income tax deadlines. These include due dates for TDS payments, advance tax installments, and updated return filings. Missing these deadlines may result in penalties or interest charges.
Here are the six key income tax deadlines in March 2025 that every taxpayer should be aware of:
2 March 2025📌 TDS Challan-cum-Statement Submission for January 2025
- Section 194-IA (TDS on Property Transactions)
- Section 194-IB (TDS on Rent above ₹50,000 per month)
- Section 194M (TDS on Certain Payments to Contractors/Professionals)
- Section 194S (TDS on Virtual Digital Assets by Specified Persons)
📌 Last Date to Deposit TDS/TCS for February 2025
- For non-government entities, TDS/TCS for February 2025 must be deposited.
- Government offices must deposit TDS/TCS on the same day if paid without a challan.
📌 Advance Tax Payment for FY 2024-25 (AY 2025-26)
- Fourth installment of advance tax for regular taxpayers.
- Full payment of advance tax for taxpayers under the Presumptive Taxation Scheme (Section 44AD/44ADA).
- Form 24G Submission deadline for government offices if TDS/TCS was deposited without a challan in February 2025.
📌 Issuance of TDS Certificates for January 2025
- Section 194-IA (TDS on Property)
- Section 194-IB (TDS on Rent)
- Section 194S (TDS on Digital Assets by Specified Persons)
📌 TDS Challan-cum-Statement Submission for February 2025
- Section 194-IA (TDS on Property Transactions)
- Section 194-IB (TDS on Rent above ₹50,000 per month)
- Section 194M (TDS on Certain Payments to Contractors/Professionals)
- Section 194S (TDS on Virtual Digital Assets by Specified Persons)
📌 Last Date for Filing Updated Income Tax Return for AY 2022-23
- If you missed filing or need to revise your Income Tax Return (ITR) for Assessment Year 2022-23, this is your final chance to submit an Updated Return.
With multiple tax-related deadlines in March, taxpayers should plan ahead to avoid penalties. Timely payments and filings will ensure smooth compliance with tax laws and prevent unnecessary legal troubles.
