Avoid Penalties: 3 Tax Deadlines In July

July has three crucial tax deadlines. On July 7, deposit TDS for the April-June quarter. By July 30, submit the challan-cum-statement for tax deducted in June. The biggest deadline is July 31, the last date for individuals to file Income Tax Returns (ITR-1 and ITR-2) for FY 2025-26. Missing these dates can lead to penalties, interest, and loss of carry-forward benefits.