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

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

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

Income-tax

  1. Amendment in Rule 21AK of the Income-tax Rules, 1962.
  2. Income-tax (22nd Amendment) Rules, 2025: ₹4 Lakh Salary Limit & ₹8 Lakh Income Cap Explained”.
  3. Income-tax (21st Amendment) Rules, 2025 – Form 7 Updated to Include Block Period.
  4. Income-tax (Twenty-Third Amendment) Rules, 2025.
  5. Income-tax (Twenty-Fourth Amendment) Rules, 2025.

CBIC

  1. Import Duty Exemption on Cotton Extended till 31st December 2025.
  2. Advisory on the System Enhancement for Order-Based Refunds.
  3. Temporary Suspension of Postal Services to the United States of America (USA)

MCA

  1. C-PACE Speeds Up Voluntary Closure of Companies & LLPs.
  2. Amendments to the Continuing Professional Education (CPE) Guidelines for Insolvency Professionals, 2019.
  3. Companies (Indian Accounting Standards) Second Amendment Rules, 2025.

DGFT

  1. Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule I (Import Policy).
  2. Amendment to Para 4.61 and Para 4.63 of FTP-2023.
  3. Amendment in Import Policy Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule —I (Import Policy)-regarding.
  4. Amendment of Minimum Export Price (MEP) on export of Honey – regarding.
  5. Suspension of Standard Input Output Norms (SIONs) for Food Products – Public Notice No.20/2025-26.
  6. Revision of Active SIONs pertaining to food items.
  7. DGFT Extends EO Period from 6 Months to 18 Months- Amendment in Para 2.03(A) (i) (g) of the Foreign Trade Policy, 2023 laying down enabling provisions for import of inputs, that are subjected to mandatory Quality Control Orders (QCOs), by Advance Authorisation holders, EOU and SEZ.

RBI

  1. International Trade Settlement in Indian Rupees (INR).
  2. Investment in Government Securities by Persons Resident Outside India through Special Rupee Vostro Accounts (SRVAs).
  3. Introduction of Continuous Clearing and Real-Time Settlement in the Cheque Truncation System (CTS).
  4. RBI Updates KYC Rules: What Banks and Customers Need to Know.

SEBI

  1. Transaction Charges Paid to Mutual Fund Distributors.
  2. SEBI Circular – Relaxation in Timeline for Net Worth Certificate (Stock Brokers).
  3. SEBI Extends Digital Accessibility Compliance Timelines & Updates Reporting Authority.

ICAI

  1. New Tax Audit Limit Guidelines by ICAI: Effective from 1st April 2026.
  2. Temporary Suspension of Self-Paced Online Module Tests Due to Portal Maintenance.
  3. ICAI Expands Mandatory Applicability of Audit Quality Maturity Model (AQMM) & Introduces Public Disclosure of AQMM Levels.
  4. Notification: Online Assessment Test (AT) – Certificate Course on Forex and Treasury Management (FXTM).
  5. ICAI Hosts Grand Convocation Ceremony Across 15 Cities.

Blogs of the week

  1. Tax Advantages of One Person Company Registration in India.
  2. How Trademark Registration Protects Your Brand Against Counterfeiting?
  3. How AI is Transforming the Business World?

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