Income Tax Compliance Calendar for July 2025

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July 2025 is an important month for income tax compliance, covering a broad spectrum of taxpayers, including individuals, corporations, partnerships, professionals, and government offices. From TDS deposits and certificate issuance to quarterly TDS/TCS statements and statutory declarations, staying ahead of these deadlines ensures seamless compliance and avoids unnecessary interest, penalties, and notices from the tax authorities.

Below is a completed breakdown of all due dates, their scope, and practical steps to prepare:

7 July 2025: TDS/TCS Deposit and Form 27C Upload

  • Deposit of TDS/TCS for June 2025. All deductors must deposit tax deducted/collected for June by this date. Government offices paying without challans must deposit on the same day.
  • Quarterly TDS deposit for April to June 2025 for those permitted under Sections 192, 194A, 194D, or 194H.
  • Uploading of Form 27C declarations received from buyers for non-collection of TCS during June 2025.

Action: Review TDS ledgers and ensure that challans are prepared and payments are made well before the bank cut-off time.

Your ultimate guide for mastering TDS provisions – Click here

15 July 2025: TDS Certificates, TCS Statements, and Foreign Remittance Filings

  • TDS Certificates for May 2025 under Sections 194-IA, 194-IB, 194M, and 194S must be issued.
  • Quarterly TCS statement for the quarter ending June 30, 2025, must be filed.
  • Filing of Form 15CC for foreign remittances made during April to June 2025.
  • Uploading Forms 15G/15H for the quarter ending June 2025.
  • Filing of Form 3BB and statements by recognised associations for client code modifications in June 2025.
  • Filing of Form 24G by government offices for June 2025, where TDS/TCS is paid without a challan.
  • Quarterly statements by IFSC units and specified funds for foreign remittances.
  • Filing of statements under Rule 114AAB for specified funds for the quarter ending June 2025.

Action: Ensure TDS certificates are generated, reconciled with payment data, and shared with deductees within the timeline to enable them to claim credit. Update foreign remittance and TCS reporting systems promptly.

30 July 2025: Quarterly TCS Certificate and Challan-Cum-Statement Filings

  • Issue quarterly TCS certificates for the quarter ending June 30, 2025.
  • File challan-cum-statements for June 2025 under Sections 194-IA, 194-IB, 194M, and 194S.

Action: Coordinate with your compliance and finance teams to complete reconciliations with payment data to avoid mismatches in TRACES.

Your ultimate guide for mastering TDS provisions – Click here

31 July 2025: Extensive Quarterly and Annual Compliance Due Dates

  • Filing of quarterly TDS statement for the quarter ending June 30, 2025.
  • Furnishing of Form 10CCF by Chartered Accountants certifying deductions for FY 2024-25.
  • Quarterly return of non-deduction of TDS by banks on interest on time deposits for Q1.
  • Filing of Form 10BBB and Form II by pension funds and sovereign wealth funds for investments in India.
  • Filing of statements under Rules 5D, 5E, 5F for scientific research associations.

Extended Deadlines to 15 September 2025

As per CBDT Circular No. 06/2025 dated 27 May 2025, the due date for filing ITRs for AY 2025-26 for non-corporate assessees (not requiring audit) has been extended from 31 July 2025 to 15 September 2025. The due dates for many related forms and declarations are extended, including:

  • Declaration under Section 80GG for rent deductions.
  • Opt-out/opt-in forms under Sections 115BAC, 115BAD, 115BAE for new tax regimes.
  • Statements for Sections 80RRB, 80QQB, and 115BBF for royalty deductions.
  • Forms for relief under Sections 89 and 89A.
  • Reports for attribution of capital gains under Section 45(4) for reconstituted firms, AOP, or BOI.
  • CA reports for arm’s length remuneration under the eligible investment fund structure.
  • Reporting of funds received from eligible persons for the previous year.

Action: Align your form filings with the extended ITR deadlines, validating data with accounting teams, and preparing drafts for timely filing before September.

Your ultimate guide for mastering TDS provisions – Click here

Why This Compliance Calendar is Critical

  • Delays in TDS/TCS payments attract interest under Sections 201(1A) and 206C(7).
  • Timely issuance of TDS certificates helps deductees claim accurate tax credit and avoid disputes.
  • Filing of forms and declarations ensures your compliance position remains clear during assessments.
  • Extended deadlines should be used wisely for document collation, reconciliations, and planning cash flows.

Action Checklist for July 2025

  • Update your compliance tracker with these due dates for your team and clients.
  • Review TDS and TCS payment reconciliations early.
  • Plan for extended return deadlines while completing preparatory compliance well in advance.
  • Communicate the extended due dates and related form adjustments to clients.
  • Monitor CBDT updates for any further clarifications during the month.

July 2025’s income tax compliance calendar demands early preparation and disciplined tracking. By managing your compliance proactively, you ensure peace of mind, maintain a clean compliance record, and allow your team to focus on business growth and value creation while meeting statutory obligations confidently.