As August 2025 rolls in, taxpayers—especially salaried individuals, businesses, and government departments must pay close attention to some crucial income tax deadlines. Missing even one of these could result in hefty penalties, interest charges, or disallowed expenses. Whether it’s TDS payments, declarations, or important form submissions, each date carries legal and financial importance.
To help you stay on track, here’s a clear breakdown of all the must-know deadlines for this month.
Key Income Tax Deadlines in August 2025
| Date | Form / Action | Details |
|---|---|---|
| 7 August | TDS/TCS Deposit | Deposit TDS/TCS collected during July 2025. Govt offices must pay the same day without challan. |
| 7 August | Form 27C Upload | Last date to upload declarations from buyers for non-TDS transactions under Form 27C. |
| 14 August | TDS Certificates | Issue certificates for June 2025 under: • 194-IA (Property Sale) • 194-IB (Rent) • 194M (Contractors) • 194S (Crypto) |
| 15 August | Form 24G | Government offices to file details of TDS/TCS payments made without challan for July 2025. |
| 15 August | Form 3BB & TDS Certificate (Non-Salary) | Submit statement of modified client codes and quarterly TDS certificate for non-salary payments. |
| 30 August | Challan-cum-Statement Filing | File combined challan + statement for deductions under 194-IA, 194-IB, 194M, and 194S (July 2025). |
| 31 August | Form 9A & Form 10 | Application under Section 11(1) for income application, and declaration under Section 10(21)/11(1). |
What Happens If You Miss These Deadlines?
Failing to meet any of these important deadlines can lead to:
- Late fees and penalties
- Interest on unpaid tax dues
- Disallowance of expenses during tax assessment
- Legal complications and notices from the department
It’s always best to plan ahead. If you’re unsure, don’t hesitate to consult a qualified tax professional.
Frequently Asked Questions (FAQs)
1. What is Form 27C and why is it important?
Form 27C is used by buyers to declare that the goods purchased are not for trading purposes and hence, TCS should not be deducted. If this form isn’t submitted in time, TCS will be applicable.
2. What is the last date to deposit TDS for July 2025?
The last date is 7th August 2025. Government offices depositing without challan must also do so on the same day.
3. Who needs to file Form 24G?
Form 24G must be filed by government offices that have deposited TDS/TCS without using a challan for the month of July 2025.
4. What is the deadline for issuing TDS certificates for June 2025?
The deadline is 14th August 2025 for TDS deductions under Sections 194-IA, 194-IB, 194M, and 194S.
5. What is Form 9A and Form 10 used for?
These forms are used by charitable institutions to apply for the accumulation or application of income under specific income tax sections before filing ITR.
Final Thoughts
Deadlines in income tax are not just formalities—they can significantly impact your financial health and compliance record. Mark your calendar, seek professional guidance if needed, and complete your filings well before the due dates. Timely action today can save you from unwanted stress and penalties tomorrow.