TDS/TCS Payment Due Date – March 7, 2025: Stay Compliant!

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) play a crucial role in ensuring tax compliance for businesses and individuals. The due date for the deposit of TDS/TCS for February 2025 is approaching. Mark your calendars and make sure you deposit the amount before the deadline to avoid any penalties or late fees.

🔹 Important Details:

  • Due Date: 7th March 2025
  • Applicable for the Month of: February 2025
  • Who Needs to Pay? Any individual or business deducting TDS/TCS under the Income Tax Act.
  • Mode of Payment: Online through the Income Tax portal or at authorized banks.

📌 Why is Timely TDS/TCS Payment Important?

  1. Avoid Interest & Penalties: Late payments attract interest at 1% or 1.5% per month, along with hefty penalties.
  2. Compliance with Tax Regulations: Staying updated with tax obligations ensures a smooth business operation.
  3. Avoid Disallowance of Expenses: If TDS is not deposited on time, related expenses may be disallowed while computing taxable income.
  4. Smooth Tax Filings: Timely payments ensure easy and hassle-free ITR filing.

📝 Steps to Deposit TDS/TCS Online

  1. Visit the Income Tax e-filing portal https://www.incometax.gov.in.
  2. Login with your credentials.
  3. Go to e-Pay Tax under the ‘Payment’ section.
  4. Select Challan 281 for TDS/TCS payments.
  5. Enter the required details such as TAN, assessment year, payment type, and amount.
  6. Make the payment via net banking, debit card, or authorized banks.
  7. Download the challan receipt for future reference.

💡 Pro Tip: File TDS Returns on Time!

After depositing TDS/TCS, ensure you file your TDS return (Form 24Q, 26Q, 27Q, or 27EQ) within the due date to avoid late filing fees under Section 234E (₹200 per day).

📞 Need Assistance? Taxla Services is Here to Help!

Let us handle your TDS/TCS compliance seamlessly. From timely reminders to filing returns, we ensure you remain tax-compliant without any hassle.

📍 Visit Us:
Taxla Services – Income Tax Practitioners
19, SBI Colony 3rd Street, Saligramam, Chennai - 600093

📞 Contact Us:
📱 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

Stay compliant, stay stress-free! ✅

#TDS #TCS #IncomeTax #TaxFiling #TaxCompliance #TaxDueDate #FinanceMatters #TaxlaServices



Comments

Post a Comment

Popular posts from this blog

UPI Transactions Are Now Under GST Radar—Stay Compliant with Taxla Services

Image
Digital payments have revolutionized the way businesses operate, with platforms like GPay, PhonePe, Paytm , and others offering convenience and efficiency. However, with this convenience comes the responsibility of tax compliance. Recently, a merchant in Tamil Nadu faced a tax notice after their UPI transactions crossed the GST threshold of ₹20 lakhs in a financial year. Why Are UPI Transactions Being Monitored? The GST Department is closely monitoring digital payment platforms to ensure businesses comply with tax regulations. Transactions conducted via UPI are no longer immune to scrutiny. If your business turnover exceeds ₹20 lakhs (or ₹10 lakhs for specific categories), GST registration is mandatory —regardless of the payment method used. What Does This Mean for You? Unregistered Businesses: If you’re operating without GST registration but your annual turnover exceeds the threshold, you could face penalties and notices. Digital Payment Records: All UPI transactions are recorded an...
Read more

New Tax Rule Alert! – Tax Officials Can Access WhatsApp & Email During Searches

Image
The Government of India has introduced a significant provision under the New Income Tax Bill 2025 , granting tax officials the authority to access digital communication platforms like WhatsApp, email, and cloud storage apps during search and seizure operations . 📜 Key Provisions of the Rule: Expanded Access Rights Tax officials can now inspect your WhatsApp chats, email inbox, cloud storage files, and installed applications on your devices during income tax searches. This move aims to enhance investigation efficiency and curb tax evasion through digital means. Parliamentary Panel Approval A Parliamentary Standing Committee reviewed the clause and raised no objections in its official report dated 21 July 2025 . The inclusion of this clause highlights the government’s focus on modernizing enforcement by including digital evidence in tax cases. Applicable During Official IT Raids Access is permitted only during authorized searches under Section 132 of the...
Read more

🧾 TDS Payment (AO Permitted) – Due Date Alert!

Image
Deadline: 7th July 2025 | Period: April–June 2025 Tax deductors and businesses—this is a timely reminder! If you're permitted to deposit TDS quarterly by your Assessing Officer (AO) under certain provisions of the Income Tax Act, the due date for the April–June 2025 quarter is fast approaching. 🔍 What is AO-Permitted Quarterly TDS Payment? Under normal circumstances, TDS must be deposited monthly. However, specific deductors can obtain permission from the Assessing Officer (AO) to deposit TDS on a quarterly basis —typically to reduce compliance burden for eligible deductors. Quarterly TDS deposit is permitted under the following sections : Section 192 – Salary payments Section 194A – Interest (other than securities) Section 194D – Insurance commission Section 194H – Commission or brokerage If you have this quarterly permission , the due date for April to June 2025 TDS payment is: 🗓 7th July 2025 🚨 What Happens If You Miss the Deadline? Failure to...
Read more