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| Dear Reader, | |||
| Greetings for the day!!! We are pleased to share the recent Income Tax notification and circulars. |
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| S.no | Description | Relevant links |
| 1. | CBDT amended Rule 2F of Income-Tax Rules, 1962, requiring Infrastructure Debt Funds (IDFs) to operate as NBFCs, invest in eligible infrastructure projects, and raise funds per RBI and FEMA rules. | Notification no.13/2025 Dtd 07.02.2025 |
| 2. | CBDT has updated the Income-tax Rules, 1962, requiring Non-Resident liaison offices to submit Form No. 49C within 8 months from the end of FY. | Notification no.14/2025 Dtd 07.02.2025 |
| 3. | CBDT provides recognition to “Bhaikaka University’ Anand, Gujarat(PAN: AAGAB9280N)” for scientific research under the category of ‘university, college or institution’ u/s 35(1) of the Act. | Notification no.15/2025 Dtd 10.02.2025 |
| 4. | CBDT provides recognition to “Real Estate Regulatory Authority, Punjab’ (PAN AAAJR1281N)” u/s 10(46) of the Act, outlining specific incomes and conditions for its applicability. | Notification no.16/2025 Dtd 12.02.2025 |
| 5. | CBDT has extended the due date for filing the accountant's report under section 10AA(8) r.w.s. 10A(5) for AY 2024-25 to 31st March 2025. | Circular No. 2/2025 Dtd 18.02.2025 |
| 6. | CBDT has issued guidelines for TDS from salary u/s 192 for FY 2024-25. | Circular No. 3/2025 Dtd 20.02.2025 |
| 7. | CBDT amended Income-tax Rules, 1962 entailing that business trusts to submit income distribution details in Form 64A to authorities and Form 64B to unit holders, while securitization trusts to report in Form 64E and Form 64F. | Notification no.17/2025 Dtd 24.02.2025 |
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