July – Pending TDS / TCS Compliances

30th July – Due date of issuing TCS certificate for Quarter 1 of Financial Year 2025-2026

31st July – Due date of filing TDS Returns for Quarter 1 of Financial Year 2025-2026

15th August – Due date of issuing TDS certificate for Quarter 1 of Financial Year 2025-2026

*Please ensure timely compliance to avoid interest and/or penalties TDS / TCS Compliances for July 2025

Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E – Levy of Fees

• Failure to submit TDS return on time will result in fees on the deductor.
• If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H – Penalty

• Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
• If deductor exceeds one year time limit to File TDS return.
• If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

For more details on Consequences of TDS defaults, Click here

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