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

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

Check out the “Weekly Newsletter from CA Cult – For Latest Updates (Second Week of February 2025)”.

Income-tax

  1. Amendment to Income tax Rule 114DA and Form 49C – NOTIFICATION No. 14/2025.
  2. Executive Summary on the Comprehensive Simplification of the Income-tax Act, 1961.
  3. FAQs on the New Income Tax Bill 2025.

CBIC

  1. Notification: Commencement of CGST Amendment Rules, 2024 – NOTIFICATION No. 09/2025–Central Tax.
  2. Advisory for GST Registration Process (Rule 8 of CGST Rules, 2017).
  3. Advisory on Introduction of Form ENR-03 for Enrolment of Unregistered Dealers/Persons in e-Way Bill Portal for generating e-way Bill.
  4. Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 55th meeting held on 21st December, 2024, at Jaisalmer -reg.

MCA

  1. Intimation to the Board on the appointment of insolvency professional under various processes under the Code.
  2. Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025.

DGFT

  1. Amendment in Export Policy of Raw Human Hair – Notification No. 59 /2024-25.
  2. Mandatory online submission and online payments against Show Cause Notices and other proceedings under provisions of the FTD&R Act – Trade Notice No. 29/ 2024-25.
  3. Seeking details of manually issued Certificates of Origin in contravention of DGFT guidelines- Trade Notice No. 28/2024-25.
  4. Procedure for filing application for allocation of Tariff Rate Quota (TRQ) of Gold Bullion under India-UAE CEPA for FY 2025-26 – Trade Notice No. 30/2024-2025.
  5. Procedure for Allocation of Quantities for import of Calcined Petroleum Coke for Aluminium Industry and Raw Petroleum Coke for CPC manufacturing industry, for the Financial Year 2025-26- Public Notice No. 48 /2024-25.

RBI

  1. All Agency Banks to remain open for public on March 31, 2025 (Monday).
  2. Foreign Exchange Management (FEMA) (Manner of Receipt and Payment) (Amendment) Regulations, 2025.

SEBI

  1. Facilitation to SEBI registered Stock Brokers to access Negotiated Dealing System-Order Matching (NDS-OM) for trading in Government Securities-Separate Business Units (SBU).
  2. Revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories.

ICAI

  1. Commencement of Live Virtual Classes for the students of CA Foundation course appearing in May 2025 & September 2025 Examinations- ANNOUNCEMENT.
  2. ICAI (Merger and Demerger of CA Firms) Guidelines, 2024.
  3. Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU).

Union Budget 2025

  1. Union Budget 2025: Simplifying ULIP Income Redemption.

Blog of the Week

  1. Direct Tax Code 2025: Simplifying India’s Taxation System.

Videos of the Week:

  1. NPS Vatsalya: A New Tax Benefit for Parents and Guardians: https://www.youtube.com/watch?v=VQgWiRebH68
  2. Union Budget 2025: New Tax Slabs Explained: https://www.youtube.com/watch?v=0jTByKZUclE

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