Newsletter from CA Cult – For Latest Updates (May 2025)

Check out the Weekly Newsletter from CA Cult – For Latest Updates (Fourth Week of May 2025)

Income-tax

1. CBDT Notifies Updated Return Filing Provisions (ITR-U) – Notification No. 49/2025 dated 19.05.2025.

CBIC

1. Advisory on Appeal Withdrawal in Relation to the Waiver Scheme.

DGFT

1. Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule —I (Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 – Notification No. 08 /2025-26.
2. Harmonisation of Schedule-Il (Export Policy), ITC (HS) 2022 with amendments introduced vide Finance Act, 2025 -Notification No. 09/2025-26.

RBI

1. Alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934.
2. Reporting on the FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles.

SEBI

1. Extension of timeline for complying with the certification requirement for the key investment team of the Manager of AIF.
2. Composition of the Internal Audit team for CRAs.
3. Caution to Investors on Stock Market Scams through Social Media Platforms.
4. Accessibility and Inclusiveness of Digital KYC to Persons with Disabilities.

ICAI

1. Resumption of Chartered Accountants Self-Paced Online Module (SPOM) Examination.
2. Announcement of FAFD Assessment Test Result held on 3rd May 2025.
3. Information Systems Audit – Assessment Test (ISA – AT), July 2025.

Videos of the Week:

1. Crypto Tax Guide | Info fun fact by CA Cult: https://www.youtube.com/shorts/_Tt4Jw115Tw
2. ESOPs valuation & taxes | Foreign taxes for global ESOPs | Info fun fact by CA Cult: https://www.youtube.com/shorts/jF81gcCBlWI
3. Income Clubbing Secrets for Parents & Spouse | Info fun fact by CA Cult: https://www.youtube.com/shorts/hAA7kr1D-M0
4. SEBI Alert! Don’t Fall for This Stock Market Scam on WhatsApp & Telegram: https://www.youtube.com/shorts/rVaUHdyeSyE
5. TDS on Expense Reimbursements | Info fun fact by CA Cult: https://www.youtube.com/shorts/FCPkQNUXxD0
6. CA Alert 🚨: Submit KYM Form Before Paying ICAI Fees | CA Cult: https://www.youtube.com/watch?v=BLBGaTXfsvA
7. Top ITR Filing Tips for Senior Citizens & Parents | CA Cult: https://www.youtube.com/watch?v=T6sYya1JPVw

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