Newsletter from CA Cult – For Latest Updates (November 2024)
Weekly Newsletter from CA Cult – For Latest Updates (1st Week of November 2024)
- Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for Assessment Year 2023-24 – Circular No. 14/2024.
- 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.
- Mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds w.e.f 01.12.2024–reg.
- Advisory related to the ‘Other Territory’ applications.
- Advisory for the waiver scheme under section 128A.
- Notification under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 for enhancing the scope for mandatory onboarding on TReDS.
- Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ – Public Notice No. 31 /2024-25.
- Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.12.2024.
- Amendment to the Master Direction – Know Your Customer (KYC) Direction, 2016.
- ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds.
- Advisory on the unauthorized virtual trading/gaming platforms.
- Re-Scheduling of Chartered Accountants Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan).
- Observations of the candidates on the question papers of Chartered Accountants Final Examinations and Post Qualification Courses Examination – November – 2024.
Videos of the Week:
- Section 44BBC for computing profits and gains of business of operation of cruise ships: https://www.youtube.com/watch?v=b2H0GKY_Kv4
- Tax on Payments to Partners of Firms | TDS under section 194T: https://www.youtube.com/watch?v=QCad-Y1KR5Q
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