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

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

“Happy Diwali from Team CA Cult”

Income-tax

1. Extension of due date for furnishing return of income for the Assessment Year 2024-25- reg.

CBIC

1. Attention: Validation of bank account details while adding bank account as Non Core amendment.
2. Advisory for taxpayers on the form GST REG-07.
3. Barring of the GST Return on expiry of three years.

MCA

1. Centralized Electronic Listing and Auction Platform for the Sale of Assets under Liquidation Process.

DGFT

1. Procedure for export of sesame seeds to the United States of America (USA) – Notification No. 38/2024-25.
2. Amendment in Export Policy of Non-Basmati Rice under HS code 1006 30 90 – Notification No. 37/2024-25.
3. Procedure for filing of Annual RoDTEP Return (ARR) is being notified – Public Notice No. 27 /2024-25.
4. Alignment of RoDTEP Schedule consequent to changes in the First Schedule of Customs Tariff Act w.e.f. 01.10.2024 – Notification No: 35 /2024-25.

RBI

1. RBI updates the Alert List of unauthorised forex trading platforms.

SEBI

1. Monitoring of position limits for equity derivative segment.

ICAI

1. EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS JANUARY, 2025.
2. Extension of MEF 2024-25 upto 25th October 2024.
3. The results of the Chartered Accountants Intermediate and Foundation Examinations held in September 2024 are likely to be declared on Wednesday, the 30th October 2024.
4. Result of Chartered Accountants Intermediate & Foundation Examination held in September, 2024 – ICAI Press Release.

Videos of the Week:

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

Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA