April 30 Income Tax Deadline is not just the end of another month—it’s the red zone for several important income tax (I-T) deadlines in India. If you’re a taxpayer, TDS deductor, or a senior citizen trying to save every rupee from unnecessary deduction, you’ll want to mark this date in bold. Missing any of these tax compliance steps could cost you dearly—literally!
Let’s dive into the 5 most crucial I-T tasks expiring on the April 30 Income Tax Deadline, and break them down one by one.
Understanding the April 30 Income Tax Deadline Rush
So, why does everything seem to pile up at the end of April? Simple: the financial year ends in March, and the government gives a small window to wrap things up. It’s like spring cleaning for your taxes. Whether it’s filing declarations, uploading forms, or paying up deductions, the April 30 Income Tax Deadline acts as the final checkpoint before penalties start knocking.
5 Key Income Tax Deadlines Expiring on April 30, 2025
1. Vivad Se Vishwas Scheme 2024
What is it? The Vivad Se Vishwas Scheme was introduced as a way to reduce long-pending tax disputes. Think of it as a peace treaty between the taxpayer and the tax department.
Who can benefit? If you have pending appeals, objections, or litigation cases under the Income Tax Act, this is your golden opportunity to resolve them by paying only the agreed amount without further interest or penalties.
Final deadline and implications of missing it April 30, 2025, is the last date to file your declaration under this scheme. Miss it, and your opportunity to close that file peacefully goes out the window. That means your case continues in the system—along with all the stress and uncertainty.
April 30 Income Tax Deadline is not just the end of another month—it’s the red zone for several important income tax (I-T) deadlines in India. If you’re a taxpayer, TDS deductor, or a senior citizen trying to save every rupee from unnecessary deduction, you’ll want to mark this date in bold. Missing any of these tax compliance steps could cost you dearly—literally!
Let’s dive into the 5 most crucial I-T tasks expiring on the April 30 Income Tax Deadline, and break them down one by one.
Understanding the April 30 Income Tax Deadline Rush
So, why does everything seem to pile up at the end of April? Simple: the financial year ends in March, and the government gives a small window to wrap things up. It’s like spring cleaning for your taxes. Whether it’s filing declarations, uploading forms, or paying up deductions, the April 30 Income Tax Deadline acts as the final checkpoint before penalties start knocking.
5 Key Income Tax Deadlines Expiring on April 30, 2025
1. Vivad Se Vishwas Scheme 2024
What is it? The Vivad Se Vishwas Scheme was introduced as a way to reduce long-pending tax disputes. Think of it as a peace treaty between the taxpayer and the tax department.
Who can benefit? If you have pending appeals, objections, or litigation cases under the Income Tax Act, this is your golden opportunity to resolve them by paying only the agreed amount without further interest or penalties.
Final deadline and implications of missing it April 30, 2025, is the last date to file your declaration under this scheme. Miss it, and your opportunity to close that file peacefully goes out the window. That means your case continues in the system—along with all the stress and uncertainty.
2. Quarterly TDS Deposit for Jan–Mar 2025
Relevant Sections: 192, 194A, 194D, 194H
If your assessing officer has allowed quarterly TDS deposits, you need to make your payments for the Jan–March 2025 quarter by the April 30 Income Tax Deadline. This includes salary TDS (Section 192), interest income (194A), insurance commission (194D), and brokerage/commission (194H).
Penalties for non-compliance Failing to deposit TDS on time can lead to interest, penalties, and even prosecution. Definitely not worth the risk.
3. Uploading Form 15G and Form 15H
These are self-declaration forms submitted to banks or financial institutions to avoid TDS on interest income if your total income is below the taxable threshold.
- Form 15G: For individuals below 60 years of age
- Form 15H: For senior citizens above 60 years
Eligibility Criteria:
- Your total income is below the basic exemption limit.
- Your tax liability is zero.
You must upload these declarations for the Jan–Mar 2025 quarter by the April 30 Income Tax Deadline.
4. TDS Under Section 194S
Introduced in Budget 2022, Section 194S applies to TDS on virtual digital assets (VDAs) like crypto. If a “specified person” deducted tax under this section in March 2025, they must file a challan-cum-statement (Form 26QE) by April 30.
5. TDS Compliance for Non-Governmental Deductors
Applicable Sections: 194-IA, 194-IB, 194M, 194S
These sections apply to property purchases, rent payments, professional contracts, and crypto transactions.
Any non-government assessee who made payments under these sections in March 2025 must deposit the tax and submit the relevant challan-cum-statement by the April 30 Income Tax Deadline.
Consequences of Missing the April 30 Income Tax Deadline
Miss these deadlines and you could face:
- Late filing fees under Section 234E
- Interest on late payment under Section 201(1A)
- Prosecution in severe cases
- A dent in your financial credibility
How to Stay Compliant with the April 30 Income Tax Deadline
- Set calendar reminders for all quarterly and annual tax tasks
- Use ITR filing platforms
- Consult a CA or tax expert
- Use the TRACES and Income Tax e-filing portals efficiently
Digital Tools to Beat the April 30 Income Tax Deadline
Everything from TDS challans to Form 15H uploads can now be done online:
Double-check your details before submitting any form.
Final Thoughts on the April 30 Income Tax Deadline
April 30, 2025, is the deadline for multiple crucial income tax tasks. Whether you’re a salaried person, a crypto trader, a landlord, or a retiree trying to avoid TDS, there’s something in this list that applies to you. Don’t wait until the last minute—get these sorted today.
FAQs on April 30 Income Tax Deadline
- What happens if I miss filing under the Vivad Se Vishwas Scheme by April 30?
You lose the benefit of settling your dispute with minimal penalty and interest. The case continues under normal litigation. - Can I submit Form 15G/15H after April 30?
Technically yes, but delays may result in TDS deductions for Q4 of FY 2024–25. - Is Section 194S only for crypto traders?
No, it applies to both traders and individuals buying crypto assets. - What is the penalty for late TDS deposit?
Interest at 1% or 1.5% per month and a ₹200/day filing fee under Section 234E. - Do I need to file TDS if I only paid rent once in the year?
Yes, under Section 194-IB, any payment above ₹50,000/month needs TDS deduction and challan submission.
