June 30 Alert: LPG e-KYC, ITR Filing, PAN-Aadhaar & Other Key Financial Deadlines

June 30 is a key compliance deadline for taxpayers, LPG consumers and businesses, with several important financial tasks scheduled before the month ends.

From mandatory e-KYC for eligible LPG subsidy beneficiaries to income tax scrutiny timelines and quarter-end GST compliance, missing these deadlines could lead to loss of benefits or additional scrutiny.

Here’s a look at the major deadlines to keep in mind:

LPG e-KYC Deadline for Eligible Consumers

Eligible LPG consumers must complete Aadhaar-based biometric e-KYC by June 30 to continue receiving LPG subsidies directly into their bank accounts. The Petroleum Ministry has clarified that the requirement does not apply to all LPG users. It is mandatory only for:

Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries, who are required to complete e-KYC annually.
Non-PMUY consumers receiving LPG subsidies who have not yet completed the verification process.

Consumers who have already completed e-KYC during the current financial year are not required to undergo the process again.

Importantly, customers of Indane, Bharat Gas and HP Gas will continue to receive LPG cylinder deliveries even if they miss the deadline. However, they may stop receiving the subsidy amount in their bank accounts and will have to pay the full market price for cylinders.

June 30 Is Crucial for Income Tax Scrutiny

While the deadline to file Income Tax Returns (ITRs) for the assessment year remains July 31, 2026, June 30 is significant for those who have already filed their returns.

It is the last date for the Income Tax Department to issue scrutiny notices under Section 143(2) for returns selected for detailed verification.

Tax returns may be picked for scrutiny if officials detect discrepancies between the ITR and information available through Form 26AS, the Annual Information Statement (AIS), the Taxpayer Information Summary (TIS), bank records or other financial data. Cases involving high-value transactions, inconsistent income reporting, reassessment proceedings or search-related investigations may also come under scrutiny.

Quarter-End Compliance for Businesses

June 30 also marks the close of the first quarter (April-June) of the financial year, making it an important date for businesses.

Companies are expected to reconcile their books of accounts, verify GST records and ensure TDS and TCS deductions have been properly accounted for before the quarter ends. Completing these tasks on time will help businesses meet the statutory return filing deadlines in July and minimise the risk of compliance issues or penalties.

Why It Matters

With multiple financial and tax-related deadlines converging on June 30, individuals and businesses should complete pending formalities without delay. Staying compliant can help avoid disruption of LPG subsidy benefits, prepare for tax scrutiny where applicable and ensure smooth quarter-end statutory filings.