📝 Form 24G Submission Due on 15th June 2025 – Stay Compliant!

📅 Due Date: 15th June 2025

📂 Applicable Period: For TDS/TCS payments made without challan in May 2025

📌 What is Form 24G?

Form 24G is a monthly statement that must be filed by government offices where TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) has been deposited without producing a challan, i.e., through book adjustments.

This form helps the Pay and Accounts Office (PAO)/District Treasury Office (DTO)/Cheque Drawing and Disbursing Officer (CDDO) report TDS/TCS details correctly to the Income Tax Department for centralized processing.

⚠️ Why is Form 24G Important?

Failing to submit Form 24G on time can lead to:

  • Delays in crediting TDS/TCS to deductees

  • Mismatch in 26AS or AIS

  • Compliance issues with the Income Tax Department

  • Unwanted scrutiny or penalties

✅ Who Should File It?

This is mandatory for all Government offices who:

  • Deducted TDS/TCS during May 2025

  • Deposited it without challan (i.e., through book adjustment)

Example: Government schools, departments, ministries, etc.

⏰ Upcoming Deadline:

🗓 15th June 2025 is the last date to submit Form 24G for transactions conducted in May 2025.

Don’t miss it—ensure smooth reconciliation and timely credit to deductees!

🧾 Need Help with TDS Compliance?

Let the experts at Taxla Services handle your TDS obligations—accurate, on-time, and stress-free.

📞 Contact us today: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

#Form24G #IncomeTaxIndia #TDSCompliance #TaxlaServices #GovernmentTaxFiling #BestAuditorInTamilnadu #TaxFiling2025 #ChennaiAuditor #TDSReturn #ComplianceMatters



Comments

Post a Comment

Popular posts from this blog

🧾 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

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

ITC Blocked in Many Cases – Know When You Can’t Claim It

Image
  The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on the tax paid for goods and services used in the course of business. This mechanism helps avoid double taxation and ensures a seamless flow of credit through the value chain. However, the GST law also prescribes certain situations where ITC cannot be claimed . These restrictions are outlined in Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017 . Understanding these rules is crucial for businesses to remain compliant and avoid penalties or unnecessary tax demands. What is Input Tax Credit (ITC)? ITC allows a registered taxpayer to reduce the GST they have paid on purchases from the GST they owe on sales. For example, if a business pays GST on raw materials, they can claim it back while paying GST on the final product, thereby reducing the overall tax burden. But remember — ITC is not an unconditional benefit . If the goods or services are not used for business purp...
Read more