Income Tax Return : Beware! These 3 dates of July can hit your pocket heavy, complete these tasks on time

• A major notice related to financial transactions
• Don’t miss these 3 important deadlines in July
• Otherwise fine may be payable

Income Tax Return News Marathi : If you haven’t done your tax-related work yet, then July 2026 is an important month for you. Deposit TDS, file challan-cum-statement and income tax There are important deadlines for filing return (ITR). Failure to complete work on time may result in late fees, interest and other legal complications.

July 7: Last date to deposit TDS

The first major tax-related deadline for the month of July is July 7, 2026. This date applies to cases where Tax at Origin (TDS) is to be deposited for the April-June quarter and quarterly deposits are allowed. Additionally, this is the deadline for uploading certain prescribed forms and declarations for the June 2026 quarter. Government offices, stock exchanges, authorized dealers, IFSC units and institutions dealing with non-resident investors are also required to complete their reporting on time.

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July 30: Last date for filing of Challan-cum-Statement

Filing of return-cum-statement is mandatory by July 30, 2026 for certain categories of TDS deducted in the month of June. Companies and organizations deducting TDS are advised to check their records in advance to avoid last minute mistakes or delays.

31st July: Last date to file ITR

The biggest tax filing deadline for the month of July is July 31, 2026. Income Tax Return (ITR) for Financial Year 2025-26 (Assessment Year 2026-27) must be filed by this date through Forms ITR-1 and ITR-2. If a taxpayer fails to file his ITR by this date, he will have to forfeit the benefits of late charges, interest and in some cases, loss carryforward.

Experts say that the income tax portal may face problems in the last days due to heavy traffic or lack of necessary documents. So, it is better to file your ITR on time.

Complete your tax-related tasks on time

The month of July is very important for tax and financial compliance. Paying your TDS, filing the required returns and filing your ITR on time will not only save you from penalties and interest, but also give you enough time to correct any mistakes.

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