8 Must-Know Financial Dates and Deadlines
July 2025 Tax Deadlines: July has become an important month for tax related work as the 2nd qurated of fianciall year has come close. There are many filing tasks, certificates to be issued, and forms to be submitted. While the government has extended the deadline to file income tax returns (ITR) for nonaudited taxpayers till September 15, 2025, a lot of other tasks are still due in July.
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If you’re an individual, a business, or even a government office, keeping track of these dates is important to avoid penalties or late fees.
Pay TDS/TCS for June: If you deducted or collected tax in June and you’re not a government office, you must deposit that tax by this date.
Quarterly TDS Payment: If you got approval to pay TDS quarterly (such as on salary, commission), this is the due date.
Upload Form 27C: If you collected declarations from buyers who claimed no TCS in June, upload those forms now.
Issue TDS Certificates (for May): If you deducted tax on payments like property sale, rent, contractor work, or crypto, give the TDS certificate to the deductee now.
Submit Form 15CC: If you’re an authorised dealer who dealt with foreign remittances from April to June, file this form.
TCS Return Filing: If your business collected tax while selling goods in Q1 (April–June), file the TCS return by this date.
Upload Form 15G/15H: If someone gave you a declaration to avoid TDS in the first quarter, upload those forms now.
Stock Exchange Reporting: Stock exchanges have to report any changes made to client codes for June.
IFSC and Govt Offices Reporting: IFSC units, certain funds, and government departments need to submit their related forms like Form 24G.
Recognised Associations Report: Any association that saw changes in client codes during June must report the same now.
Issue TCS Certificates (for Q1): If your business collected tax from customers between April and June, hand over their TCS certificates by now.
File Challan-Cum-Statement (for June): If you deducted tax in June on property sales, rent payments, contractor or professional services, crypto, or digital assets, file the tax payment along with this statement now.
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Quarterly TDS Return Filing (for Q1): Submit the return that shows all the tax deducted and deposited from April to June.
Report Non-Deduction of TDS by Banks: Banks must report all interest payments made where TDS was not deducted in Q1.
Form 10CCF Submission by CAs: Chartered Accountants need to submit reports that support any foreign deduction claims under this form.
Pension and Sovereign Funds Reporting: These funds must report their investments made in India during Q1.
Research Institutions’ Filings: These filings are now due by September 15, 2025 instead of July 31.
Other Extended Deadlines: Filings related to royalty income under Section 115BBF, rent deductions under Section 80GG, and a few similar forms have also been extended to September 15, 2025.
Even tho the ITR deadline has been pushed, most other tasks must be done in July itself. If you miss any of these, you could face late charges or even penalties.
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