Countdown To 15th September: Key Income Tax Deadlines

Taxscan highlighted the critical deadlines falling on 15th September, particularly the due date for payment of the second installment of advance tax for FY 2024-25. The article reminded taxpayers, including individuals, firms, and corporates, of their obligation to estimate income and discharge advance tax liability to avoid interest under Sections 234B and 234C of the Income Tax Act. It also covered compliance deadlines relating to TDS deposits, filing of equalization levy statements, and submission of GST returns under specified categories. The piece urged taxpayers to maintain accurate income projections and documentation to reduce last-minute stress and potential penalties. Professionals stressed that proactive tax planning helps manage cash flow efficiently while ensuring compliance. The reminder serves as a compliance checklist for businesses and individuals alike.