Income Tax Due Date Alert – Form 24G Submission for July 2025

 

Due Date: 15th August 2025
Applicability: Government offices where TDS/TCS for July 2025 has been deducted and paid without production of a challan.

📌 What is Form 24G?

Form 24G is a monthly statement to be filed by Pay & Accounts Offices (PAOs), District Treasury Offices (DTOs), and Cheque Drawing & Disbursing Officers (CDDOs) when they deposit TDS/TCS without using a challan.
Instead of individual challans for each transaction, these offices use a Book Adjustment process, and Form 24G ensures that these transactions are properly reported to the Income Tax Department.

🛠 Why is timely submission important?

  • Compliance Requirement: The Income Tax Department mandates Form 24G to ensure TDS/TCS transactions are properly matched and credited.

  • Avoid Penalties: Delay in filing may attract penalties under Section 272A(2)(m) – ₹100 per day of delay, up to the TDS/TCS amount.

  • Smooth Credit for Deductees: Timely filing ensures employees, vendors, and other payees get their tax credits without delays.

📅 Filing Timeline

For deductions made in July 2025, the last date to file Form 24G is 15th August 2025. Missing this deadline can cause unnecessary compliance issues and delay the issuance of TDS certificates.

✅ How to Ensure Compliance

  1. Compile TDS/TCS data for July 2025.

  2. Prepare Form 24G using the Return Preparation Utility (RPU) provided by NSDL.

  3. Validate the file with the File Validation Utility (FVU).

  4. Submit electronically to the TIN-FC or upload through the online portal.

  5. Retain acknowledgement for records.

🔍 Key Takeaways

  • Due Date: 15th August 2025

  • Applicable to: Government deductors without challan payments.

  • Penalty for delay: ₹100 per day, subject to the TDS/TCS amount.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

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