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

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

Income-tax

1. Summary of the TDS and TCS provisions applicable from April 1, 2025.
2. The Income-tax (Fifth Amendment) Rules, 2025.

CBIC

1. Understanding the concept of electronic invoice (e-invoicing) in GST and changes to be effective from 01st April 2025.
2. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jharkhand and Andaman and Nicobar Islands.
3. 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. Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025.

DGFT

1. Seeking details of manually issued Certificates of Origin in contravention of DGFT guidelines- Trade Notice No. 28/2024-25.
2. Difficulty in closure of Advance Authorisation due to space constraints in the description column of the shipping bills – Trade Notice No 32/2024-25.

RBI

1. RBI invites comments on the draft circular on ‘Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans’.
2. RBI permits the withdrawal for depositors of New India Co-operative Bank Limited, Mumbai to ₹25,000.
3. Review and rationalization of prudential norms – UCBs.

SEBI

1. Industry Standards on Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015.
2. Opening of Demat Account in the name of Association of Persons (AoP).
3. Industry Standards on Key Performance Indicators (“KPIs”) Disclosures in the draft Offer Document and Offer Document.

ICAI

1. CA Intermediate and Foundation Exam Results- March 4, 2025.
2. Information Systems Audit Assessment Test Result- March 4, 2025.
3. Series I starting from 24th March 2025 & Series II from 16th April 2025 for CA. Final students appearing in May 2025 Examinations.
4. Session starting from 28th April 2025 for CA. Foundation students appearing in May 2025 & September 2025 Examinations.
5. Mock Test Papers Series – I & II for Students appearing in CA Foundation May 2025 & September 2025 Examinations.
6. Series I starting from 20th March 2025 & Series II from 8th April 2025 for CA. Intermediate students appearing in May 2025 Examinations.

Blog of the week

1. Changes in GST and Income Tax during the Financial Year 2024-25.

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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