Weekly Updates from CA Cult (3rd Week – August 2023)

Weekly Updates from CA Cult (3rd Week – August 2023)

Weekly Updates from CA Cult (3rd Week – August 2023)

Important Updates from last week:

Income-tax

  1. Inviting comments on the draft Form No. 6C for implementing the amendment made by the Finance Act, 2023 wrt Sub-section (2A) of the Section 142 of the Income Tax Act, 1961 regarding inventory valuation.
  2. CBDT issues the Guidelines under clause (10D) of section 10 of the Income-tax Act, 1961 – Circular No. 15 of 2023.
  3. New Rule 11UACA inserted under the Income-tax Rules.
  4. Amendment in Rule 26 of the Income-tax Rules.
  5. CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer.
  6. Notification on determination of the value of perquisite.

CBIC

  1. Notifications on the Export Duty on Onion.
  2. Central Goods and Services Tax (Amendment) Act, 2023.

DGFT

  1. Amendment in Appendix 4B of Handbook of Procedures, 2023 – PUBLIC NOTICE No. 28/2023.

RBI

  1. RBI launches उद्गम – UDGAM – Centralised Web Portal for searching Unclaimed Deposits.

SEBI

  1. SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) (FACILITATION OF GRIEVANCE REDRESSAL MECHANISM) (AMENDMENT) REGULATIONS, 2023.

ICAI

  1. Relaxation to Old Course Students to commence 3 years of Practical Training.
  2. Re-schedulement of Foundation Course Examinations, December 2023.
  3. Notification for Online Assessment Test (AT) for Certificate Course on Derivatives for the following dates through Digital learning Hub Organized by Committee on Financial Markets and Investors’ Protection of ICAI.

Videos of the Week:

  1. How to get Registration of Copyright (ROC) Certificate online? (Part 3): https://www.youtube.com/watch?v=VeQVsl2u1pY
  2. Filing of Income-tax Return (ITR) and Inoperative PAN : https://www.youtube.com/shorts/T0RgkKOuDOg

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CA Cult