From income tax return (ITR) filing to TDS deposits and submission of various tax-related forms, missing these deadlines could result in penalties, interest charges or compliance issues.
With several tax-related deadlines scheduled throughout July, individuals and businesses are advised to review their compliance requirements early and complete pending filings before the due dates. Here’s a look at the major deadlines taxpayers should keep in mind for July 2026.
July 31: ITR filing deadline
One of the most significant deadlines in July is the filing of Income Tax Returns (ITR) for the Financial Year 2025-26 (Assessment Year 2026-27). Individuals filing ITR-1 and ITR-2 must submit their returns by July 31. Missing the deadline may also attract late filing fees and affect the ability to carry forward certain losses to future assessment years.
July 7: TDS deposit deadline
The first major compliance deadline falls on July 7, which is the due date for depositing Tax Deducted at Source (TDS) for the April-June quarter in cases where quarterly deposit approval has been granted by the Assessing Officer under the provisions of the Income-tax Act, 2025. The same date also applies to the uploading of specific declarations and forms received during the quarter ending June 2026.
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Several reporting obligations are scheduled for July 15, particularly for government offices, stock exchanges, authorised dealers, IFSC units, and intermediaries dealing with non-resident investors.
July 30: Challan-cum-statement filing due
Tax deductors are required to furnish the challan-cum-statement relating to certain categories of tax deductions made in the month of June by July 30.
July 31: Major compliance day
The final day of July marks one of the busiest compliance dates of the year.
Apart from the ITR filing deadline for ITR-1 and ITR-2 taxpayers, a wide range of TDS and TCS returns must also be submitted by July 31.
Employers responsible for deducting tax from salaries and entities collecting tax at source are required to file quarterly statements for the quarter ending June 30.
July 31 is also the due date for filing the quarterly statement of TDS for payments other than salary made to non-residents for the quarter ending June 30.
Important forms due on July 31
Several specialised tax forms linked to deductions, exemptions and relief claims are also due by July 31 for eligible taxpayers. These include:
- Form 10E for claiming tax relief on salary received in arrears or advance.
- Form 10BA for taxpayers claiming deduction on rent paid for residential accommodation under Section 80GG.
- Form 10H for authors and patentees claiming deductions on foreign income.
- Form 10CCE and Form 10CCD for royalty-related deductions.
