Weekly Newsletter from CA Cult – For Latest Updates (July 2024)

Weekly Newsletter from CA Cult – For Latest Updates (July 2024)

Weekly Newsletter from CA Cult – For Latest Updates (1st Week of July 2024)

Income-tax

  1. India and USA extend the Transitional Approach on Equalisation Levy 2020 until June 30, 2024.

CBIC

  1. Exchange Rate Automation Module (ERAM) by CBIC to come into effect on 4th July 2024.
  2. Reduction of Government Litigation –fixing monetary limits for filing appeals or applications by the Department before GSTAT, High Courts and Supreme Court -reg.
  3. Clarifications on various issues pertaining to special procedure for the manufacturers of the specified commodities as per Notification No. 04/2024 -Central Tax dated 05.01.2024–reg.
  4. Clarification on the provisions of clause (ca) of Section 10(1) of the Integrated Goods and Service Tax Act, 2017 relating to place of supply of goods to unregistered persons–Reg.
  5. Clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit–Reg.
  6. Enhancements to Address-Related Fields in GST Registration Functionalities.

MCA

  1. 5th National Online Quiz on Insolvency and Bankruptcy Code, 2016 from 01st August 2024 to 31st August 2024.

DGFT

  1. Inclusion of agency in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy 2023 in terms of Para 252 c of HBP 2023 – PUBLIC NOTICE No. 11 /2024-25.

RBI

  1. Calendar for Auction of Government of India Treasury Bills.
  2. Online submission of Form A2: Removal of limits on the amount of remittance.
  3. Release of foreign exchange for Miscellaneous Remittances.

SEBI

  1. Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing.

ICAI

  1. International Conference of CA Students in Kolkata Breaks Record with Over 3,600 Participants.
  2. Observations of the candidates on the question papers of CA Foundation examinations – June – 2024.
  3. Results of the Chartered Accountants Final and Intermediate Examinations held in May 2024 are likely to be declared on Thursday, the 11th July 2024.
  4. Opening of Online Window for Redressal of Branch related Information Submitted by The Applicants to The O/O C&AG in the Empanelment Application for the Year 2024-25.
  5. Notification for Online Assessment Test (AT) for Certificate Course on Fundamental and Technical Analysis of Stocks including Equity Research – 20th July 2024.

Videos of the Week

  1. Exemption of HRA or Deduction of Home Loan Interest ?: https://www.youtube.com/shorts/pIHFpsqKnt4
  2. Rebate of Income tax for Individuals: https://www.youtube.com/shorts/P29sd0X4Ndo
  3. Claim Tax Relief on Salary Arrears u/s 89: https://www.youtube.com/shorts/nkwDtjdKXcw

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