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.

πŸ—“ Due Date:

30th August 2025

πŸ“Œ Applicable Sections:

This due date applies to challan-cum-statement filing in respect of TDS deducted under the following sections:

  • Section 194-IA – TDS on payment made for transfer of immovable property (other than agricultural land).

  • Section 194-IB – TDS on rent payments made by individuals/HUF (not required to get accounts audited).

  • Section 194M – TDS on payments made to contractors or professionals by individuals/HUF (not covered under tax audit).

  • Section 194S – TDS on transfer of Virtual Digital Assets (like cryptocurrency).

✅ Why is it important?

  • Timely payment and filing of TDS challan-cum-statement ensures that both the payer and payee remain compliant.

  • Helps avoid interest, late fees, and penalties under the Income-tax Act.

  • Builds a clean tax record and avoids future litigation.

πŸ”Ž Consequences of Late Filing:

  1. Late fee u/s 234E – ₹200 per day of delay until the filing is completed.

  2. Penalty u/s 271H – May range from ₹10,000 to ₹1,00,000.

  3. Interest on TDS amount – Additional interest liability if TDS was not deposited on time.

πŸ“‹ 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.

πŸ“ž Contact us today for hassle-free TDS filing:
+91 7305701454
πŸ“§ Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com


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