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

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

Check out the Weekly Newsletter from CA Cult – For Latest Updates (Second Week of June 2025)

Income-tax

  1. Order u/s 119(2)(a) of the Income-tax Act,1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit.

CBIC

  1. DIN Not Required for GST Portal Communications with Verifiable RFN.
  2. System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers.
  3. Advisory on filing of Amnesty applications under Section 128A of the CGST Act.
  4. Filing of SPL-01/ SPL-02 where payment made through GSTR 3B and other cases.

MCA

  1. Summary: MCA Update on New Company Forms (Effective 14th July 2025).
  2. Revised form CRA-2 intimation of appointment of cost auditor.
  3. Revised Form GNL-1 for filing an application with Registrar.
  4. Revised Forms No. MGT-7, MGT-7A and MGT-15 Notified.

DGFT

  1. Fixation of one new Standard Input Output Norms ( SIONs) at SION A-3686 under ‘Chemical and Allied Product’ (Product Code ‘A’) – Public Notice No. 09/2025-26.
  2. Amendment in details of an authorized agency enlisted under Appendix 2E of FTP, 2023 – Agency Authorized to issue Certificate of Origin (Non – Preferential) – Public Notice No. 10 /2025-26.
  3. Amendment under Appendix 2T (List of Export Promotion Councils/Commodity Boards/Export Development Authorities) of Appendices and ANFs of FTP 2023 – Public Notice No. 11 /2025-26.
  4. Rollout of ‘Source from India’ on Trade Connect ePlatform for all Status Holders– Trade Notice – 05/2025-26.

RBI

  1. Reserve Bank of India (RBI) (Know Your Customer (KYC)) (Amendment) Directions, 2025.
  2. Updation/ Periodic Updation of KYC – Revised Instructions.
  3. Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025.
  4. Stripping/Reconstitution in State Government Securities (SGS).

SEBI

  1. Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors.

ICAI

  1. Mock Test Papers Series – I & Series II for students appearing in CA Intermediate for September 2025 Examinations.
  2. Series I starting from 28th July 2025 & Series II from 12th August 2025 for CA Intermediate students appearing in September 2025 Examinations.
  3. Commencement of Live Virtual Classes for the students of CA Intermediate course appearing in May 2026/ September 2026/ January 2027 Examinations.
  4. Commencement of Live Virtual Revisionary Classes (LVRC) for the students of CA Intermediate course appearing in September 2025 Examinations.

Videos of the Week:

  1. Form 16 Decoded! File Your ITR in Minutes 🚀 | CA Cult – YouTube
  2. Enable B2B & B2C HSN Summary in Tally Prime: Easy Steps for GST Compliance – YouTube
  3. TDS vs Advance Tax vs Self-Assessment – Real Life Tax Trap | CA Cult – YouTube
  4. Side Income Tax Rules 2025: Freelancing, Tuition & YouTube Explained | CA Cult – YouTube

Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA

CA Cult