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

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

Income-tax

1. Income Tax Return (ITR) Form 2 for AY 2025-26 Notified – NOTIFICATION No. 43/2025.
2. Income Tax Return (ITR) Form 6 for AY 2025-26 Notified.
3. CBDT Notifies Revised ITR-V and ITR-Acknowledgement Forms for AY 2025-26.

CBIC

1. Invoice-wise Reporting Functionality in Form GSTR-7 on portal-reg.
2. Updates in Refund Filing Process for various refund categories.

MCA

1. Companies (Indian Accounting Standards) Amendment Rules, 2025.

DGFT

1. Amendments in Standard Input Output Norms (SION) A-1294 – Public Notice No. 6 /2025-26.
2. Reinstatement and amendment of Standard Input Output Norms (SION C-888) – Public Notice No. 05 /2025.
3. Amendments to Para 10.10 of the Handbook of Procedures (HBP) 2023 — Revised Framework for Stock & Sale Authorization of SCOMET Items – Public Notice No. 04 /2025-2026.

RBI

1. Policy Statement: Framework for Formulation of Regulations.
2. RBI issues Reserve Bank of India (Digital Lending) Directions, 2025.
3. Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations.

SEBI

1. Publishing Investor Charter for KYC (Know Your Client) Registration Agencies (KRAs) on their Websites.

ICAI

1. Observations of the candidates on the question papers of CA Final, Intermediate Foundation and Post Qualification Course – INTT-AT examinations- May – 2025.
2. Notification for Online Assessment Test (AT) for Certificate Course on Forex and Treasury Management (FXTM) on 31st May 2025.
3. Postponement of Chartered Accountants May 2025 Examination.
4. Postponement of Chartered Accountants Self-Paced Online Module (SPOM) Examination.
5. IMPORTANT ANNOUNCEMENT – Revised Schedule of Chartered Accountants Final, Intermediate & INTT-AT (PQC) Examinations, May 2025.
6. ICAI Issues Clarion Call to over 14 Lakh Members and Students to stand in Solidarity with the Armed Forces and the Nation.

Videos of the Week:

1. Costly ITR Mistakes to Avoid in 2025 (Save Money): https://www.youtube.com/shorts/xeTgjvfEt6o
2. Immovable Property Sale and Taxes | Info fun fact by CA Cult: https://www.youtube.com/shorts/_qOEG-HmQ8g
3. Are you an Investor or a Trader? | Info fun fact by CA Cult: https://www.youtube.com/shorts/vNwgno1_-CM
4. EPFO Withdrawal Rules Changed! What’s New from April 1, 2025?: https://www.youtube.com/shorts/okNW-KhwXdk
5. 🚨 ‘Dance of the Hillary’ Cyber Attack: Don’t Fall for This Hoax! 🚨: https://www.youtube.com/shorts/OTRfYrlY3Pc

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