As we step into May 2025, businesses and individuals must navigate various compliance requirements across Income Tax, TDS, GST, and MCA. Staying on top of these deadlines is crucial to avoid penalties and ensure seamless operations. This calendar provides you with accurate and timely deadlines, so you can effectively manage compliance for the month of May 2025.
Income Tax & TDS Compliance
| Date | Compliance Area | Form / Action | Description |
|---|---|---|---|
| 7 May 2025 | TDS/TCS Deposit | TDS/TCS Payment | Due date for depositing tax deducted or collected during April 2025. Government offices must deposit on the same day if paid without a challan. |
| 7 May 2025 | TCS Declaration | Form 27C | Upload declarations under Section 206C(1A) for non-deduction of TCS for April 2025. |
| 15 May 2025 | TDS Certificates | Form 16, 16A (194-IA, 194M, 194S) | Issue TDS certificates for tax deducted in March 2025 under specified sections. |
| 15 May 2025 | Government TDS Filing | Form 24G | Government offices paying TDS/TCS for April 2025 without challan must file Form 24G. |
| 15 May 2025 | TCS Filing (Q4 FY 2024–25) | Quarterly TCS Statement | File quarterly statement of TCS collected during January–March 2025. |
| 30 May 2025 | TDS Challan-cum-Statement | Challan-cum-Statement (Form 27) | File TDS challan-cum-statement for April 2025 under sections 194-IA, 194-IB, 194M, 194S. |
| 30 May 2025 | TCS Certificate (Q4) | TCS Certificate | Issue TCS certificates for the January–March 2025 quarter. |
| 30 May 2025 | Entertainment Sector | Form 52A / Statement u/s 285B | Statement of payments to actors/producers for FY 2024–25. |
| 31 May 2025 | TDS Return (Q4) | Quarterly TDS Return (Form 24Q, 26Q, etc.) | Quarterly filing of TDS returns for Jan–Mar 2025. |
| 31 May 2025 | Trusts | Form 9A / Form 10 | Apply income for future years / Accumulate income. |
| 31 May 2025 | SFT Reporting | Form 61A | Statement of Financial Transactions for FY 2024–25. |
| 31 May 2025 | FATCA/CRS | Form 61B | Report foreign reportable accounts for calendar year 2024. |
| 31 May 2025 | PAN Compliance | PAN Application | Mandatory PAN application for entities/persons with transactions ≥ ₹2.5 lakh in FY 2024–25. |
| 31 May 2025 | Donations | Form 10BD / 10BE | Submit statement and issue donation certificates for FY 2024–25. |
| 31 May 2025 | Zero Coupon Bonds | CA Certificate | Reporting of investments u/s 2(48). |
| Date | Compliance Area | Form / Action | Description |
|---|---|---|---|
| 10 May 2025 | GST Filing (TDS/TCS) | GSTR-7 & GSTR-8 | File GSTR-7 (TDS returns) and GSTR-8 (TCS returns) for April 2025. |
| 11 May 2025 | GST Filing (Monthly) | GSTR-1 | File GSTR-1 for April 2025 (mandatory for taxpayers with turnover exceeding ₹5 crore or those opting for monthly filing). |
| 13 May 2025 | GST Filing (QRMP) | Invoice Furnishing Facility (IFF) | Optional filing for QRMP taxpayers, reporting invoices for April 2025. |
| 20 May 2025 | GST Filing (Monthly) | GSTR-3B | File GSTR-3B for April 2025 (for taxpayers who file monthly returns). |
| 25 May 2025 | GST Payment (QRMP) | PMT-06 | Payment of tax by QRMP taxpayers for April 2025 using the PMT-06 challan. |
| 31 May 2025 | GST Compliance | ITC-03 | Filing for reversal of input tax credit by taxpayers opting into the Composition Scheme for FY 2025–26. |
MCA Compliance
| Date | Compliance Area | Form / Action | Description |
|---|---|---|---|
| 30 May 2025 | Deposit Reporting | DPT-3 | Report details of deposits and outstanding monies as of 31 March 2025 (await confirmation from MCA). |
| 30 May 2025 | Share Capital Audit | PAS-6 | Reconciliation of share capital audit report for the half-year ending 31 March 2025. |
Additional Notes
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GST Due Dates are consistent unless amended by a government notification.
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MCA forms like DPT-3, MSME Form 1, and LLP Form 11 may have deadlines in May—please verify on MCA portal.
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Forms 9A, 10, 10BD, and 10BE are crucial for charitable and religious trusts.
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PAN compliance is mandatory for individuals/entities involved in transactions ≥ ₹2.5 lakh in FY 2024–25.
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Form 61A and 61B are mandatory for reporting entities, including banks, NBFCs, depositories, mutual funds, registrars, etc.
