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LoansJagat Team
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4 Min
30 Jun 2025
No PAN Card without Aadhaar Verification is the highlight of the new changes application from July 1, 2025.
The Central Board of Direct Taxes (CBDT) has made Aadhaar verification mandatory for new PAN card applications, while the income tax return (ITR) filing deadline has been extended to September 15, 2025.
Meanwhile, SBI Card holders must note that the bank is withdrawing the complimentary ₹1 crore air accident insurance on select premium cards like SBI ELITE, Miles ELITE, and Miles Prime starting July 15.
Scroll down and check whether your digital locker, mutual funds nomination, digital wallet, etc., are safe or not.
Here are the top updates taking effect:
The CBDT has extended the ITR filing deadline for AY 2025–26 from July 31 to September 15, offering an additional 46 days for salaried individuals. But don’t wait till the last minute — the income tax portal may face slowdowns closer to the deadline due to high traffic.
Read More - How to Pay a Credit Card Bill?
PAN-Aadhaar Linking Rules for NRIs
If you are a non-resident Indian, and hold back accounts in India, or want to use your Aadhaar for other financial operations, then is it necessary to link your PAN Card with your Aadhaar Card.
Particulars | Details |
Applicability | Non-Resident Indians (NRIs) earning taxable income in India |
Mandatory Requirement | PAN-Aadhaar Linking |
Deadline | June 30, 2025 |
Effective Date | PAN becomes inoperative from July 1, 2025, if not linked |
Purpose | Essential for ITR filing and refunds |
REITS (Real Estate Investment Trusts) and InvITS (Infrastructure Investment Trusts) are one of the best investments that offer less-risky returns. That’s why as per Section 194LBA, TDS is deducted at 10% on interest or rental income distributed through REITS and InvITS.
Follow this table to keep a check on the new rules related to REITS and InvITS in 2025:
Particulars | Details |
TDS Applicability | Income distributed through REITs/InvITs |
For Resident Unit Holders | Lower TDS rate |
Effective Date | July 1, 2025 |
Compliance Requirement | Ensure TDS deduction is accurate if you receive such income |
Note: These changes are proposed and under pilot testing, not fully implemented yet.
If you want to know more about GSTR-1 and GSTR-2, then read these articles.
A new definition of MSMEs (Micro, Small, and Medium Enterprises) in India, came into effect on April 1, 2025. This new definition is based on a dual criteria of investment and annual turnover. The new criterion will be applicable from July 1st, 2025.
This change ensures ease of doing business and better policy targeting.
If you use Amazon wallet, Paytm wallet, PhonePay wallet or any other digital wallet to store your money, then this section is important for you:
The main aim of these guidelines is to secure the users from digital financial fraud in any case.
Also Read - How to Change Name in PAN Card
Date | Compliance Activity |
7th July | TDS deposit for June |
10th July | Filing of GSTR-7 and GSTR-8 |
11th July | GSTR-1 filing for monthly taxpayers |
13th July | GSTR-6 for Input Service Distributors |
15th July | PF/ESI payment due for June |
20th July | GSTR-3B filing for monthly filers |
30th / 31st July | TDS Return for Q1 and Advance Tax payments |
With sweeping changes across taxation, compliance, fintech, and mutual fund investments, July 2025 is an important month for Indian taxpayers and investors. Whether you're salaried, an NRI, or a small business owner, it’s essential to stay informed and compliant. Missing deadlines or ignoring these updates may lead to suspended services, inoperative accounts, or legal troubles.
Pro Tip: Don’t wait until the last moment—complete your ITR, KYC, and nominations early and review your bank and investment accounts for pending updates.
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LoansJagat Team
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