Newsletter from CA Cult – For Latest Updates (November 2024)

Newsletter from CA Cult – For Latest Updates (November 2024)

Weekly Newsletter from CA Cult – For Latest Updates (Last Week of November 2024)

Income-tax

  1. Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of M/s SKAN Research Trust, Bengaluru.
  2. Specifying Forms prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income-tax Rules, 1962 – Notification No.06/2024.
  3. What is PAN 2.0? Check out FAQs on PAN 2.0.
  4. List of banks for tax payments available at e-Pay Tax service at e-Filing Portal.
  5. Examination of the issue regarding exemption of Foreign representations approved by the Ministry of External Affairs from tax deduction at source (TDS) u/s 194N of the Income tax Act 1961.
  6. The Income-tax (Tenth Amendment) Rules, 2024.

CBIC

  1. Advisory for Reporting TDS Deducted by scrap Dealers in October 2024.
  2. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh.

MCA

  1. NFRA finalises and recommends Auditing Standards to the Central Government for notifying under Section 34A of LLP (Amendment) Act 2021

DGFT

  1. Amendment in Import Policy Condition of ITC HS Codes 85423100, 85423900, 85423200, 85429000 and 85423300 covered under Chapter 85 of ITC (HS), 2022, Schedule-1 (Import Policy) – Notification No. 41/2024-25.

RBI

  1. Reserve Bank of India (RBI) and Maldives Monetary Authority Sign Memorandum of Understanding (MoU) to Promote Use of Local Currencies for Bilateral Transactions.

SEBI

  1. Business Continuity for Interoperable Segments of Stock Exchanges.

ICAI

  1. ICAI Unveils Groundbreaking CA GPT Platform Featuring Annual Reports of 5,000 Listed Companies.
  2. Reschedulement of CA Foundation Examination January 2025.

IRDAI

  1. A pan India Quiz organized by IRDAI to promote Insurance Awareness

Videos of the Week:

  1. Reduction or waiver of Interest: https://www.youtube.com/watch?v=pUvu5j_x_d0
  2. Extension for furnishing return of income for AY 2024-25: https://www.youtube.com/shorts/YsJiQ4hfSks
  3. Tax on Payments to Partners of Firms | TDS under section 194T: https://www.youtube.com/watch?v=QCad-Y1KR5Q

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CA Cult

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