[ad_1]
Income tax planning is important to ensure timely compliance and avoid penalties. Taxpayers should stay aware of upcoming deadlines for tax payments, filings, and submissions in March 2025.
Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
March 7, 2025 is the due date for depositing TDS/TCS for February 2025 arrives. Government offices paying without a challan must remit tax on the same day.
On March 15, 2025, taxpayers need to pay the fourth instalment of advance tax for the assessment year 2025-26. Those covered under the presumptive taxation scheme (Section 44AD/44ADA) must pay the entire advance tax liability by this date. Government offices that paid TDS/TCS for February 2025 without a challan must also file Form 24G.
On March 17, 2025, TDS certificates must be issued for tax deducted under Section 194-IA, Section 194-IB, and Section 194S (by specified persons) for the month of January 2025.
On March 30, 2025
, taxpayers must furnish the challan-cum-statement for tax deducted under Section 194-IA, Section 194-IB, Section 194M, and Section 194S (by specified persons) for the month of February 2025.
On March 31, 2025, entities must submit the Country-by-Country Report (Form 3CEAD) for FY 2023-24 if they are the parent or alternate reporting entity. Those whose parent entity is in a country without an exchange agreement with India must also file this report.
Taxpayers claiming Foreign Tax Credit (FTC) for income from the previous year 2022-23 must upload Form 67 if their ITR was filed on time.
Additionally, taxpayers can file an updated return (ITR-U) for the assessment year 2022-23 to correct any previous errors or omissions.
ALSO READ | Key changes and deadlines in March: What you need to know
[ad_2]
Source link