π TDS/TCS Payment Due Date for April 2025 – Don’t Miss the Deadline!
As we step into a new financial month, it’s essential for all deductors and collectors of tax to stay on top of their statutory responsibilities. One such important compliance is the timely deposit of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source).
π The due date for TDS/TCS payment for the month of April 2025 is 7th May 2025.
π Who Should Pay TDS/TCS?
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TDS: Any individual or entity making specific types of payments (like salary, interest, rent, professional fees, etc.) is required to deduct tax at source as per Income Tax provisions.
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TCS: Businesses involved in specific transactions such as sale of goods, liquor, scrap, or e-commerce operators collecting payments on behalf of sellers, must collect tax at source.
π Key Due Date:
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7th May 2025: Last date for depositing TDS/TCS for the month of April 2025.
Filing or depositing beyond this date may attract interest, penalty, and even disallowance of expenses under the Income Tax Act.
✅ Why Timely Compliance Matters
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Avoid Interest & Penalties: Delay in payment leads to interest under Section 201(1A).
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Expense Disallowance: TDS not deposited on time may lead to disallowance of the related expense.
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Reputation Risk: Non-compliance affects your credibility during audits and assessments.
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Hassle-Free Filing: Timely payments lead to smooth filing of quarterly returns.
π‘ Need Assistance With TDS/TCS Compliance?
We at TAXLA SERVICES specialize in:
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TDS/TCS calculation & payment
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Return filing
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TAN registration
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Expert advisory & representation
Let us handle your tax worries while you focus on your business growth!
π Contact Us:
π± +91 9600076134 / 6374812546
π§ auditsiva2@gmail.com
π www.taxlaservices.com
π 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093
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