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

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

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

Income-tax

  1. CBDT extends the due date of filing of ITRs which are due for filing by 31st July 2025.

CBIC

  1. Advisory on Appeal Withdrawal in Relation to the Waiver Scheme.

MCA

  1. The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025.
  2. Launch of Revised Forms for Corporate Insolvency Resolution Process (CIRP).
  3. Insolvency and Bankruptcy Board of India (IBBI) amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations).

DGFT

  1. Amendment in Import Policy Condition of Cabinet Hinges covered under Chapter 83 of ITC (HS), 2022, Schedule —I (Import Policy) – Notification No. 14 /2025-26.
  2. Amendments to Para 4.41(5) of FTP-2023 – Notification No. 12/2025-26.
  3. Restoration of RoDTEP for Advance Authorisations (AAs) holders, Special Economic Zones (SEZs) and Export-Oriented Units (EOUs) from 01.06.2025.
  4. Alignment of RoDTEP Schedule consequent to changes in the First Schedule of Customs Tariff Act w.e.f. 01.05.2025 – Notification No: 10/2025-26.
  5. Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather -Notification No. 15/2025-26.
  6. Enlistment under Appendix 2E of FTP, 2023 -Agency Authorized to issue Certificate of Origin (Non – Preferential) – Public Notice No.8/2025-26.
  7. Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule – (Import Policy) – Notification No. 16/2025-26.

RBI

  1. Reporting on the FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles.

SEBI

  1. Final Settlement Day (Expiry Day) for Equity Derivatives Contracts.
  2. Measures for Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives.

ICAI

  1. Commencement of Live Virtual Classes for the students of CA Foundation course appearing in September 2025 Examination.
  2. Extension of Last date “for submission of Self Declaration Form for claiming CPE Hours under Unstructured Learning Activities for the Calendar Year 2024” till 31st May, 2025.
  3. Gentle Reminder – Completion of Pending CPE Hours for Calendar Year 2024 Latest by June 30, 2025 (Level I of Consequential Provisions).
  4. Exposure Drafts of updated Forensic Accounting and Investigation Standards (FAIS) and its Implementation Guide.
  5. Important Announcement – CA Examinations September 2025.

FCRA

  1. The Foreign Contribution (Regulation) Amendment Rules, 2025, amend the Foreign Contribution (Regulation) Rules, 2011, effective upon publication in the Official Gazette.
  2. Payment of compounding and fees from the FCRA bank account of the FCRA association whose validity has been expired.

Videos of the Week:

  1. Stocks, Mutual Funds, Gold, or PPF? Best Picks for Indians in 2025 | CA Cult – YouTube
  2. Difference Between Professional and Technical Services | Sec 194J | Info fun fact by CA Cult – YouTube
  3. Can You Use UPI Abroad? | International UPI Payments Explained | CA Cult- YouTube
  4. Reminder – Pending CPE Hours | Consequential Provisions – YouTube
  5. New ITR Disclosures AY 2025-26: Save Tax with These Tips! | CA Cult – YouTube

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