Newsletter from CA Cult – For Latest Updates (March 2025)
Check out the “Weekly Newsletter from CA Cult – For Latest Updates (Second Week of March 2025)
- CBDT issues clarification on Circular 01/2025 (“The Central Board of Direct Taxes (CBDT) recently issued guidance on January 21, 2025, to clarify the application of the Principal Purpose Test under India’s Double Taxation Avoidance Agreements.”).
- Central Government Notification: Tax Exemption under section 10 for the Delhi Construction Workers Welfare Board.
- Zero Coupon Bond Specification under Section 2(48) of Income-tax Act, 1961.
- Summary of the TDS and TCS provisions applicable from April 1, 2025.
- Notification to amend Notification No 02/2017 (Central Tax) to revise the territorial jurisdiction of Central Tax Commissionerates.
- Declaration by GST registered supplier of hotel accommodation service.
- Understanding the concept of electronic invoice (e-invoicing) in GST and changes to be effective from 01st April 2025.
- Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025.
- Amendment in Export Policy Condition under HSN of Schedule-II (Export Policy), ITC(HS) 2022 – Notification No. 62/2024-25.
- Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule –((Import Policy) – Notification No. 63 /2024-25.
- Amendment to Para 10.12(D) of the Handbook of Procedures 2023 – Revised Procedure for General Authorization for Export after Repair (GAER).
- Extension in “Free” Import Policy of Urad ((Beans of SPP Vigna Mungo (L.) Hepper]) [ITC (HS) Code 07133110] under ITC (HS) 2022, Schedule – 1 (Import Policy) – reg.
- Inputs on Draft Amendments in Procedures for Export Authorization for “Stock and Sale” of SCOMET items -reg.
- RBI invites comments on the draft circular on ‘Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans’.
- RBI permits the withdrawal for depositors of New India Co-operative Bank Limited, Mumbai to ₹25,000.
- Review and rationalization of prudential norms – UCBs.
- Securities and Exchange Board of India (SEBI) (ICDR) (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025.
- Faster Rights Issue with a flexibility of allotment to specific investor(s).
- Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2025.
- Announcement on the Self-Paced Online Module Test (SPMT).
- For CA Examinations May 2025:
- Changes in GST and Income Tax during the Financial Year 2024-25.
Videos of the Week:
- NPS Vatsalya: A New Tax Benefit for Parents and Guardians: https://www.youtube.com/watch?v=VQgWiRebH68
- Union Budget 2025: New Tax Slabs Explained: https://www.youtube.com/watch?v=0jTByKZUclE
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