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 (Third Week of February 2025)”.

Income-tax

  1. E auction of immovable properties in Kerala is scheduled on 27th February 2025 at 11 AM through MSTC Website.
  2. Extension of due date for filing of Form No. 56F under the Income-tax Act, 1961- reg.
  3. INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2024-25 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961.

CBIC

  1. Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025 – NOTIFICATION No. 11/ 2025-CUSTOMS (N.T.).
  2. Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey.
  3. Automation of Refund Application and Processing in Customs – Circular No. 05/2025-Custom.
  4. Single Unified Multi-Purpose Electronic Bond in Customs-Ekal Anubandh-reg.
  5. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jharkhand and Andaman and Nicobar Islands.
  6. Procedure to be followed in department appeal filed against interest and/or penalty only, related to Section 128A of the CGST Act, 2017- Instruction No.02/2025-GST.

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.

RBI

  1. Government securities (GS) transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM.
  2. Supersession of Board of Directors of New India Cooperative Bank Ltd., Mumbai.
  3. Credit line on UPI – Extending the scope of Small Finance Banks.
  4. Launch of the RBIDATA Mobile App by RBI.
  5. Reserve Bank of India (RBI) (Forward Contracts in Government Securities) Directions, 2025.

SEBI

  1. Clarification regarding Investor Education and Awareness Initiatives.
  2. SEBI circular Investor Charter for Stock Brokers.

ICAI

  1. Guidance Note on Audit of Banks (2025 Edition).
  2. Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A, B, C & D).
  3. Shifting of Disciplinary Directorate of ICAI to Institute’s Office at ICAI Bhawan, C-1, Sector-1, Noida – 201301.
  4. ICAI President CA. Charanjot Singh Nanda Unveils Vision for 2025-26: Advancing Technology & Promoting Work-Life Balance.
  5. Commencement of Live Virtual Classes for the students of CA Intermediate course appearing in September 2025/January 2026 Examinations.
  6. Mock Test Papers Series – I & Series II for students appearing in CA Intermediate for May 2025 Examinations.
  7. Mock Test Papers Series – I & Series II for CA Final students appearing in May 2025 Examinations.
  8. EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS MAY, 2025.
  9. BOS PUBLICATION APPLICABLE FOR FOUNDATION, INTERMEDIATE AND FINAL COURSE, MAY 2025 EXAMINATION.

Union Budget 2025

  1. Union Budget 2025: Simplifying ULIP Income Redemption.
  2. 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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