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Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Tax notification and circulars.
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Direct Tax
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CBDT notified thatw.e.f. 18th July 2025, TDS provisions under chapter XVII of the Incometax Act, shall not apply to payments received by International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), subject to certain specified conditions.
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CBDT provides recognition to “Andhra Pradesh Pollution Control Board’ (PAN: AAAJA1610Q)” for tax exemption u/s 10(46) of the Income tax Act, outlining specific incomes and conditions for its applicability.
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CBDT provides exemption from higher TDS/TCS u/s 206AA/206CC for transactions undertaken during the period 1st April 2024 to 31st July 2025, if PAN is made operative by 30th Sept 2025, and for transactions from 1st August 2025, if PAN is made operative within 2 months from the end of month in which transaction was undertaken.
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The Lok Sabha Select Committee has submitted its report on the Income-Tax Bill, 2025, providing observations/recommendations for clarity, consistency, and alignment with the existing Income-tax Act, 1961.
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CBDT provides recognition to “Greater Ludhiana Area Development Authority” (PAN: AAALG1055F)” for tax exemption u/s 10(46A)(b) of the Income tax Act.
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CBDT provides recognition to “Moradabad Development Authority” (PAN: AAJFM7731M)” for tax exemption u/s 10(46A)(b) of the Income tax Act.
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CBDT provides recognition to “Andhra Pradesh Building and Other Construction Workers Welfare Board (PAN: AAALT1405A)” for tax exemption u/s 10(46) of the Income tax Act, outlining specific incomes and conditions for its applicability.
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CBDT provides recognition to “Puducherry Building and Other Construction Workers Welfare Board’ (PAN: AABAP7098M)” for tax exemption u/s 10(46) of the Income tax Act, outlining specific incomes and conditions for its applicability.
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CBDT approves “Gitarthganga (PAN: AAATG1334K), Ahmedabad” for ‘social science or statistical research’ under category of ‘other institution’ u/s 35(1) of the Act.
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CBDT approves “IQRAA International Hospital and Research Centre’, under the aegis of ‘J D T Islam Orphanage Committee’ (PAN: AAATJ1934A), Kozhikode, Kerala” for ‘scientific research’ under category of ‘other institution’ u/s 35(1) of the Act.
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| Goods And Services Tax |
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GSTN Advisory: Erroneous GSTR-3A Notices Issued
On July 20, 2025, GSTN issued an advisory regarding the incorrect issuance of GSTR-3A notices to certain composition taxpayers. These notices were generated due to a system error, indicating non-filing of GSTR-4, which is an annual return required to be filed by composition taxpayers by June 30, 2025. However, many of these notices were mistakenly sent to taxpayers whose registrations had already been cancelled before the financial year 2024–25. Such taxpayers, or those who have already filed GSTR-4, can safely ignore these notices. GSTN has acknowledged the issue and is working on resolving the glitch to prevent similar occurrences in the future.
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Department of Trade & Taxes Issues Stern Directive on Field Officer Conduct
The Department of Trade & Taxes has issued a strong warning to field officers, emphasizing the mandatory requirement of timely field visits and accurate submission of verification reports. Officers dealing with GST registrations marked with high-risk scores are now under direct observation. Any delay or negligence will invite strict disciplinary action. The move aims to enhance transparency and accountability in the GST registration process.
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