Weekly Updates from CA Cult (3rd Week of April 2023)
Weekly Updates from CA Cult (3rd Week of April 2023)
Important Updates from last week:
- Amendment to Notification no. 34/2020 w.r.t. clause (46) of section 10 of the Income-tax Act, 1961.
- Updated Advisory: Time limit for Reporting Invoices on the IRP Portal.
- Intro Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023.
- MCA Important Update for Stakeholders on Form STK-2.
Directorate General of Foreign Trade (DGFT)
- Amnesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders – Amendment: PUBLIC NOTICE No: 7 /2023
- Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ under India- UAE CEPA)- PUBLIC NOTICE No. 06/2023
- Amendment under Interest Equalisation Scheme in respect of UIN- Trade Notice No. 04/2023-24.
- New HSN Codes for Technical Textiles items in ITC(HS), 2022 Schedule -I (Import Policy) – Trade Notice No. 02/2023-24.
- Review of Requirement of Counter-Cyclical Capital Buffer.
- Framework for the Acceptance of Green Deposits.
Securities and Exchange Board of India (SEBI)
- Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories.
- Dispute Resolution Mechanism for Limited Purpose Clearing Corporation (LPCC).
- Procedure for seeking prior approval for change in control of Vault Managers.
Institute of Chartered Accountants of India (ICAI)
- Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023.
- President, ICAI addressed Media emphasizing to blend new age thinking with the traditional approach, and ability to connect with all Stakeholders.
- Sessions starting from 15th May for CA Foundation students appearing in June 2023 Examination.
Videos of the Week:
- Important Updates under the New Tax Regime: https://www.youtube.com/watch?v=wKnfcTfC2YE
- How to claim Tax Credit for income earned outside India?: https://www.youtube.com/watch?v=vV6lh5sviHs
- E-verify your Return of Income (ITR) after 120 Days: https://www.youtube.com/watch?v=YoVgbwELD58
- Amendment u/s 10AA introduced in Finance Bill 2023: https://www.youtube.com/watch?v=VouJaIDXmjw
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