Weekly Updates from CA Cult (May 2022- Second Week)
Weekly Updates from CA Cult (May 2022- Second Week)
Important Updates from last week:
- Amendment of the Income-tax Notification Number 30 of 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub section (ii), vide number S.O. 1443(E).
- Amendment in the Income-tax forms (i) FORM No. 3CF, (ii) Form 10A, (iii) FORM No. 10AB, (iv) FORM No. 10BD and (v) FORM No. 10BE.
- New rules on Permanent account number inserted in income tax Rules.
- Important Update on the Reporting 6% rate in GSTR-1.
- Revocation of the anti-dumping duty on Amoxycillin Trihydrate- NOTIFICATION No. 13/2022-Customs (ADD).
- GUIDELINES FOR FUNDING FOR RESEARCH STUDIES ON CORPORATE GOVERNANCE.
- Commencement Notification under the CA, CS, and ICWA Act.
Directorate General of Foreign Trade (DGFT)
- Amendment in Export Policy of Guar Gum – Notification No. 03/2015-20.
- Alignment of Appendix 4R with the Finance Act, 2021 with effect from 01.01.2022- Notification No. 04/2015-2020.
- Amendment in Export Policy of Onion Seeds- Notification No. 05/2015-20.
- Amendment in Export Policy of Wheat- Notification no. 06/2015-20.
- Implementation of Notification No. 06/2015-20 i.e., Export Policy of Wheat dated 13.05.2022- Trade Notice No. 06/2022-23
- Notification for Enhancement in Family Pension of employees Treatment of additional liability.
- 7 Non-Banking Financial Companies (NBFCs) surrender their Certificate of Registration to the Reserve Bank of India (RBI).
- Lending by Commercial Banks to NBFCs and Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to priority sectors.
Securities and Exchange Board of India (SEBI)
- Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments.
- Securities and Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2022.
- Guidelines for seeking NOC by Stock Brokers / Clearing Members for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures in GIFT IFSC.
- Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015.
- Relaxation from compliance with certain provisions of the SEBI (LODR) (Listing Obligations and Disclosure Requirements) Regulations, 2015 – for entities with listed non-convertible securities.
Insurance Regulatory and Development Authority of India (IRDAI)
- India@100 – Insurance for all.
- Notification on the Insurance Advisory Committee- IRDAI.
- Circular on the Actuarial & reinsurance returns – Dispensing with hard copy submission.
- Pricing of products covering Fire and Allied perils.
- Filing of fire insurance products for Dwellings, Micro and Small Businesses.
- Discontinuation of the monthly Solvency Returns.
- Rationalization of the compliance requirements.
Institute of Chartered Accountants of India (CA Fraternity)
- Important Announcement on the Assessment Test for Diploma in International Taxation (INTT-AT) from November, 2022 onwards.
- Declaration of result of the online examination of the ‘Certificate Course on Indian Accounting Standards (Ind AS)’ held on 24th April 2022.
- Consent for enrolment for Exclusive Blended Online Weekend Batch of Spanish language (level A1.1) for ICAI Members and Students (60 hours), Last Date: 16th May, 2022.
- Updation of UDINs at e-filing Portal.
- Observations of the candidates on the question papers of CA examinations- May 2022.
OTHER UPDATES:
- Payment of Family Pension (Submission of Documents) Rules, 2021.
- Repayment of the 8.15% GS 2022.
Videos of the Week:
- How to apply for Udyam Registration (MSME Registration) Online?: https://www.youtube.com/watch?v=Hqf2hGTf2DY
- Return of Income | Rule 12 – Income Tax Rules, 1962 (Part- 1): https://www.youtube.com/watch?v=_kvrytUMH90
- Update on the export of Wheat and Schedule maintenance of income-tax e-filing portal: https://www.youtube.com/shorts/-8UP8OFV6Cc
Check out our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA
