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

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

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

Income-tax

  1. Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA/206CC of the Income-tax Act, 1961, in the event of death of deductee/collectee before linkage of PAN and Aadhaar- reg.

CBIC

  1. Advisory in respect of Changes in the GSTR 8.

MCA

  1. Limited Liability Partnership (Amendment) Rules, 2024.
  2. Revised Form ADJ and New Rule 3A inserted in the Companies (Adjudication of Penalties) Amendment Rules, 2024.
  3. Generation of Valuation Report Identification Number for valuation conducted by Register Valuer under Insolvency and Bankruptcy Code, 2016.
  4. The Companies (Registration of Foreign Companies) Amendment Rules, 2024.
  5. Companies (Indian Accounting Standards) Amendment Rules, 2024.

RBI

  1. Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks.
  2. Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25.
  3. Frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
  4. Purchase of The Sovereign Green Bonds – Foreign Exchange Management (FEMA) (Debt Instruments) (Third Amendment) Regulations, 2024.

ICAI

  1. Extension of Last Date for Online Empanelment of Members to act as Observers for September/November 2024 Examinations up to 20th August 2024.
  2. Election 2024 – Draft List of Voters as on 1.4.2024 – Inviting Views/Suggestions on Polling Booths proposed to be set up.

OTHER UPDATE

  1. Insurance claims relating to landslides in Wayanad, Kerala.

Videos of the Week

  1. TCS Credit of minor in the hands of Parent | Clubbing | Union Budget 2024: https://www.youtube.com/shorts/1uTNnYH-LqM
  2. Tax on Buyback of Shares | Capital Loss | Highlights of Union Budget 2024: https://www.youtube.com/watch?v=KIxMzLOAWkk
  3. Changes in Capital Gain Tax & Exemption | Highlights of Union Budget 2024: https://www.youtube.com/shorts/kRtxmJmKySw
  4. Removal of Indexation | Capital Gain Tax | Highlights of Union Budget 2024: https://www.youtube.com/watch?v=kKOsIAKvdYg

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CA Cult