Tax & Compliance Due Dates – January 2025

Tax & Compliance Due Dates – January 2025

This table helps in tracking tax compliance deadlines for GST, TDS, TCS, Income Tax Returns (ITR), PF/ESIC, and other statutory filings

Financial & Tax Changes Effective from March 1, 2025: 

• E-Way Bill for Unregistered Persons:  Ensuring access to Form ENR-03 will be crucial for those involved in goods movement but not registered under GST. This could impact logistics and supply chain processes.

• New Income Tax Bill 2025 – If passed, this will be a major overhaul of tax laws, replacing the 1961 Act. Monitoring its progress and understanding transitional provisions will be important.

• Finance Bill 2025 Changes –

  • Higher Exemption Limit (₹12 lakh) – A significant relief for taxpayers under the new regime.
  • Changes in TDS/TCS – Businesses should evaluate their transaction structures for compliance.
  • Self-Occupied Property Rules: Potential changes in tax benefits for homeowners.
  • New NPS Deduction (80CCD(1B)): Encourages NPS participation.
  • Updated ITR Filing Period (48 months): Provides flexibility for corrections but also increases retrospective scrutiny.

• GST Updates from March 1, 2025 –

  • Negative Liability in GSTR-3B – Could help in rectifications.
  • HSN Code Validation – Reduces errors but requires businesses to update their invoicing systems.

• New GST Registration Rules – Stricter verification measures mean businesses should prepare for additional authentication steps, especially if opting out of Aadhaar authentication.

• Compliance Deadlines Before March 31, 2025 –

  • GST Refunds for FY 22-23 – A crucial deadline for businesses.
  • Mandatory E-Invoicing – Those with turnover above ₹5 crore must integrate e-invoicing systems.
  • GST Amnesty Scheme (Sec 128A) – Offers relief but requires timely action.

• SEBI Nomination Mandate – Ensuring compliance before March 31, 2025, to avoid account freezing.

• FD Rate Adjustments – Investors should reassess their fixed deposits for better returns.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480