July 2026 is an important and one of the busiest month for tax compliance as there are several due dates. Whether you are an individual taxpayer, salaried employee, business owner, professionals or tax deductors - this July month brings a packed tax calendar under the Income Tax Act and GST law.
Important Income Tax Due Dates
7th July 2026
- Deposit of TDS or TCS for June 2026.
- Upload TDS declarations received from recipients in Form No. 121 and 127 during the quarter ending June, 2026.
- Quarterly TDS deposit for eligible deductors if Assessing Officer has permitted to deposit the TDS quarterly u/s 392(1) or 393(1) [Table Sl. Nos. (1)(i) and (ii), and 5(ii) and (iii)] of the Income-tax Act, 2025.
15th July 2026
- Issue of TDS certificates Form No. 132 on specific transactions involving payment of rent, transfer of immovable property, technical services, or transfer of Virtual Digital Assets (VDA).
- Quarterly remittance reports in Form 147 by authorised dealers.
- Monthly Statement in Form 1 to be furnished by a stock exchange
- Quarterly statement in Form 148 by IFSC units in respect of remittances made to a non-resident (not being a company) or to a foreign company.
- Quarterly statement in Form 92 to be furnished by specified funds or stock brokers in respect of non-resident clients, as prescribed in Rule 157.
- Monthly consolidated statement in Form 137 for reporting TDS/TCS by an office of the Central Government or the State Government and credited to the account of the Central Government without the production of a challan.
30th July 2026
Challan-cum-statement in Form 141 (which replaces Form 26QB, Form 26QC, Form 26QD, Form 26QE) for specified TDS deductions made in June 2026.
31st July 2026
- ITR for AY 2026-27: Non-audit cases Salaried Individuals & HUF with no business income)
- Deductors and collectors must file quarterly statements relating to:
- Form 138: TDs on salary payment
- Form 140: TDS on resident payments other than salary
- Form 142: Virtual Digital Asset (VDA) transactions through exchanges
- Form 143: TCS collections
- Form 144: TDS on payments made to non-residents
This deadline is also for submitting some prescribed forms.
- Form 10CCD for deduction relating to royalty income earned by authors.
- Form 10CCE for royalty income from patents.
- Form 10H for foreign inward remittance certificates.
- Form 10E for claiming relief on salary received in arrears or advance.
- Form 10-IA for disability-related deductions under Sections 80DD and 80U.
Reporting preliminary expenses in Form 3AF claimed u/s 35D (applicable if ITR due date is 31 August 2026). - Form 3CT – Report transfer of shares/interests in a foreign company/entity deriving substantial value from assets located in India (applicable if ITR due date is 31 July 2026).
- Form 5C – Report attribution of capital gains under Section 45(4) after reconstitution of a firm, AOP, or BOI (applicable if ITR due date is 31 July 2026).
- Form 10BBD – Report funds received from eligible persons, directly or through an Alternative Investment Fund (AIF), during FY 2025–26 (applicable if ITR due date is 31 July 2026).
Important GST Due Dates
10th July 2026
- GSTR-7 (Tax Deducted at Source)
- GSTR-8 (Tax Collected at Source by E-commerce Operators)
11th July 2026
- GSTR-1 for businesses with turnover more than ₹5 crore.
13th July 2026
- GSTR-1 for QRMP taxpayers
- GSTR-6 for Input Service Distributors (ISD).
20th July 2026
- GSTR-3B for regular taxpayers.
- GSTR-5 and GSTR-5A for non-resident taxpayers and OIDAR service providers.
31st July 2026
- Filing appeals before the GST Appellate Tribunal (GSTAT)
Conclusion
July 2026 is packed with important Income Tax and GST compliances. Missing these deadlines may result in interest, penalties, late fees, and unnecessary notices from the tax authorities. From TDS deposits and quarterly statements to GST returns and Income Tax Return filing, every taxpayer should closely monitor the compliance calendar.
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