Newsletter from CA Cult – For Latest Updates (October 2024)

Newsletter from CA Cult – For Latest Updates (October 2024)

Weekly Newsletter from CA Cult – For Latest Updates (3rd Week of October 2024)

Income-tax

  1. CBDT issues Frequently Asked Questions (FAQs) on Direct Tax Vivad Se Vishwas Scheme, 2024, to provide clarity.
  2. CBDT Notifies Amendments in the Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents.
  3. CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961.

CBIC

  1. Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions.
  2. Attention – Advisory on the Invoice Management System (IMS).
  3. Important advisory for taxpayers on GSTR-9/9C.
  4. Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act, 2017- Circular No. 237/31/2024-GST.

MCA

  1. Extension of time for filing Forms to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.

DGFT

  1. Amendment in import policy of parts of lighter Covered under CTH 9613 of Chapter 96 of Schedule —I (Import Policy) of ITC (HS) 2022.
  2. Electronic Submission of Appendix 4H Certificates – Trade Notice No. 21 /2024-25.

RBI

  1. Action against select NBFCs including NBFCs-MFIs.

SEBI

  1. Monitoring of position limits for equity derivative segment.

ICAI

  1. Announcement on Issuance of SQM 1, SQM 2.
  2. Lists of Valid Nominations – ICAI ELECTION 2024. Election to the Twenty Sixth Council and Twenty Fifth Regional Councils.

OTHER UPDATE

  1. Public Notice dated 28th September 2024 regarding extension of the validity of FCRA registration certificates.

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