July tax due dates: Important forms, statements, ITR and TDS timelines

How to file your income tax return online: A step-by-step guide


Taxpayers, deductors, authorised dealers, stock exchanges, and IFSC units should take note of the key Income Tax compliance deadlines scheduled for July 2026 under the Income-tax Act, 2025 and Income-tax Rules, 2026.

July 7 (Tuesday)TDS/TCS Deposit – Quarterly Scheme

The due date for depositing TDS for the period April 2026 to June 2026, where quarterly deposit has been permitted by the Assessing Officer under Sections 392(1) or 393(1) of the Income-tax Act, 2025.

Upload of Form 127 declarations

Last date for uploading declarations received in Form No. 127 from buyers during June 2026, as prescribed under the Income-tax Rules, 2026.

Upload of Form 121 declarations

Due date for uploading declarations received in Form No. 121 from recipients for the quarter ending June 2026.

Monthly TDS/TCS deposit

Deadline for depositing tax deducted or collected at source for June 2026. In the case of government offices, taxes deducted or collected must be credited to the Central Government on the same day without the production of an Income-tax Challan.

July 15 (Wednesday)Filing of Form 137 by government offices

Government offices that deposited TDS/TCS for June 2026 without a challan must furnish Form No. 137 by this date.

Issue of TDS certificates in Form 132

Last date for issuing TDS certificates in Form No. 132 for taxes deducted in May 2026 under specified provisions of Section 393 of the Income-tax Act, 2025.

Quarterly statement by authorised dealers – Form 147

Authorised dealers are required to furnish quarterly statements in Form 147 for remittances made during the quarter ending June 2026.

Quarterly statement by IFSC units – Form 148

Units operating in IFSCs under Section 147(1)(b) must submit Form 148 for remittances made during the quarter ending June 2026.

Stock exchange reporting – Form 1

Stock exchanges must furnish Form 1 for June 2026, reporting transactions where client codes were modified after registration in the system.

Statement by specified funds or stock brokers – Form 92

Specified funds or stock brokers are required to furnish Form No. 92 concerning eligible non-resident transactions for the quarter ending June 30, 2026.

Taxpayers and reporting entities are advised to complete the required filings and deposits within the prescribed timelines to avoid penalties and ensure smooth compliance.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *