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

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

Income-tax

1. HUDCO bonds qualify as tax-saving instruments under Section 54EC.
2. Vivad se Vishwas 2024: Last Date to File Tax Dispute Declaration is April 30.
3. CBDT Notifies New ITR-B Form and E-Filing Rules.

CBIC

1. Advisory on Table-12 of GSTR-1 or GSTR-1A.
2. Advisory on reporting values in Table 3.2 of GSTR-3B.
3. CBIC issues revised instructions for processing applications for GST registration by CBIC formations.
4. Government is not considering levying Goods and Services Tax (GST) on UPI transactions over ₹2,000.

DGFT

1. Operationalisation of DGFT ‘Global Tariff and Trade’ Helpdesk – Trade Notice No. 01/2025-26.
2. Revised Fee Structure for CIMS Registration as per Appendix 2K.
3. Amendment in Appendix 2K (Scale of User Charges and Process for Deposit/Refund of Application Fee/Penalty, etc) of FTP 2023 – Public Notice No. 02 /2025-26.

RBI

1. Master Direction on Deposits and Accounts.
2. Master Direction on Risk Management and Inter-Bank Dealings.

SEBI

1. Clarification on Regulatory framework for Specialized Investment Funds (‘SIF’).

ICAI

1. Circular regarding the Closed Holiday on 14th April, 2025.
2. Exposure Draft of Standards on Auditing for Audits of Limited Liability Partnerships (LLPs).

Videos of the Week:

1. What is new ITR-B Form and E-Filing Rules? Who needs to file? https://www.youtube.com/shorts/caashsm9ZbA
2. 120 Days Rule under Income Tax | Info fun fact by CA Cult https://www.youtube.com/shorts/duQrux4K_Nc
3. Futures & Options simplified for Tax Season | Info fun fact by CA Cult https://www.youtube.com/shorts/LFp6yNKWu2U
4. Is Your Return on Investment actually Hurting Your Finances? Here’s Why https://www.youtube.com/shorts/Hx9yqvvrBaE
5. Is there a GST levy on UPI Payments? https://www.youtube.com/shorts/XcqSJE4HiHs
6. Supreme Court Judgement | TDS on Software Subscription https://www.youtube.com/shorts/hIobttcfa4M

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