Income Tax Due Date Reminder – TDS Payment for July 2025
Staying compliant with Income Tax laws is crucial for every taxpayer and business. One important compliance this month is the TDS Payment (challan-cum-statement) for July 2025.
π Due Date:
30th August 2025
π Applicable Sections:
This due date applies to challan-cum-statement filing in respect of TDS deducted under the following sections:
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Section 194-IA – TDS on payment made for transfer of immovable property (other than agricultural land).
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Section 194-IB – TDS on rent payments made by individuals/HUF (not required to get accounts audited).
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Section 194M – TDS on payments made to contractors or professionals by individuals/HUF (not covered under tax audit).
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Section 194S – TDS on transfer of Virtual Digital Assets (like cryptocurrency).
✅ Why is it important?
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Timely payment and filing of TDS challan-cum-statement ensures that both the payer and payee remain compliant.
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Helps avoid interest, late fees, and penalties under the Income-tax Act.
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Builds a clean tax record and avoids future litigation.
π Consequences of Late Filing:
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Late fee u/s 234E – ₹200 per day of delay until the filing is completed.
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Penalty u/s 271H – May range from ₹10,000 to ₹1,00,000.
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Interest on TDS amount – Additional interest liability if TDS was not deposited on time.
π Key Takeaway:
If you have deducted TDS under the above sections for July 2025, ensure that you pay and file challan-cum-statement by 30th August 2025 to remain compliant.
π Contact us today for hassle-free TDS filing:
+91 7305701454
π§ Email: auditsiva2@gmail.com
π Website: www.taxlaservices.com
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