“It is easier to find men who will volunteer to die, than to find those who are willing to endure pain with patience.”
— Julius Caesar
Statutory and Tax Compliance Calendar for month of May 2025
This article compiles due-dates for GST, Income Tax, ESI, PF Acts, and Companies Act compliances with a primary focus on Individuals, Professionals, and SME Businesses.
These due-dates are subject to extensions based on stakeholder representations and circumstances. We will notify you as soon as any due-dates are extended.
In accordance with applicable laws and regulations, colour coding is employed for better understanding.
Total days – 31
No. of due dates- 12
Public Holiday/Festivals- 4
- 1 May 2025 May Day, Maharashtra Day, Gujurat Day
- 8 May 2025 Guru Rabindra Jayanti
- 12 May 2025 Monday Buddha Purinama
- 29 May 2025 Friday Maharana Pratap Jayanti
News and Updates
CBDT notifies ITR-U vide Notification No. 49/2025 dated 19.05.2025.
Key updates:
🖋️Time Limit Extended to 48 months via Finance Act, 2025.
🖋️Additional Tax Payable:
Filing in 3rd year: Additional income tax of 60%.
Filing in 4th year: Additional income tax of 70%.
🖋️Section 139(8A) amended: No ITR U can be filed if notice u/s 148A (show-cause notice) issued after 36 months from the end of the relevant A.Y. However, later if 148A(3) order passed saying – not a valid case for notice u/s 148, then ITR U can be filed within 48 months from the end of relevant A.Y.
🖋️Section 140B Amended to prescribe additional income-tax payable for the extended timelines.
🖋️Rule 12AC Amended accordingly to reflect these changes. Details at: https://egazette.gov.in/(S(3zmtyz12nupfrw01kc525r10))/ViewPDF.aspx
Important link
2. ICAI Students Journal- April 2025
This calendar is prepared for the benefits of clients and well-wishers of M/s Kanhaiya Gautam and Associates, Chartered Accountants. This should not be used as substitute for professional advice. Best efforts are placed to compile these due dates, still we would appreciate if you draw our attention to any inaccuracy.