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ICAI Establishes New Branches in Rajasthan Districts

July 23, 2025 918 Views 0 comment Print

 ICAI has established three new branches of its Central India Regional Council in Rajasthan, covering Nagaur, Churu, and Jhunjhunu districts effective July 1, 2025.

Puducherry Construction Workers Welfare Board Income Tax Exemption

July 22, 2025 759 Views 0 comment Print

The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specific incomes, effective from FY 2023-24, subject to conditions.

AP Construction Workers Board Gets Income Tax Exemption

July 22, 2025 339 Views 0 comment Print

Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess and fees, effective retrospectively from FY 2018-19.

Moradabad Development Authority Gets Income Tax Exemption

July 22, 2025 582 Views 0 comment Print

The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under Section 10(46A) of the Income-tax Act.

Greater Ludhiana Development Authority Gets Tax Exemption

July 22, 2025 438 Views 0 comment Print

CBDT Notification 120/2025 grants income tax exemption to Greater Ludhiana Area Development Authority from AY 2024-25, per Section 10(46A) of the Income-tax Act.

IFSCA (Procedure for making regulations & subsidiary instructions) Regulations, 2025

July 21, 2025 993 Views 0 comment Print

IFSCA’s 2025 regulations outline procedures for making and reviewing regulations and subsidiary instructions, emphasizing public consultation, transparency, and regular review for financial services market.

Amendment to notification No. 146/94-Customs: Serial Number 10A Omitted

July 19, 2025 2073 Views 0 comment Print

Ministry of Finance’s new customs notification, dated July 19, 2025, omits S. No. 10A from a 1994 customs exemption table.

Section 10(46): AP Pollution Control Board Income Notified as Tax Exempt

July 18, 2025 783 Views 0 comment Print

Finance Ministry exempts specified income of Andhra Pradesh Pollution Control Board from tax under Section 10(46). Applies from AY 2022-23 to 2026-27.

ICRISAT Exempted from TDS under Section 197A(1F)

July 18, 2025 1149 Views 0 comment Print

Finance Ministry exempts ICRISAT from TDS under Section 197A(1F) of Income Tax Act, effective from publication date. Exemption aligned with UN privileges.

CBIC notifies conditional Import duty exemption on polo horse imports

July 18, 2025 861 Views 0 comment Print

Govt exempts customs duty on polo horses for army, police, and eligible civilian players under new rules effective 19 July 2025, with quantity and time limits.

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