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Amendment in export policy of Wheat Flour and Related Products

SPMT Tests temporarily suspended from 11 October 2026

Regulatory framework for fund management at IFSC

Export performance requirement for One Star Export House Status

DGFT Revises Rules for Export Contracts and INR Realisation

DGFT introduces automated facility for Export Obligation extension

ICAI Convocation 2026: Programme Scheduled for 12 September

ICAI extends deadline for feedback on CA education & training

Income Tax Department Flags Suspicious Foreign Remittances

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Weekly Key Highlights from team CaCult
Weekly Highlights

Weekly Key Highlights from team CaCult

CA Cult – 13 February 2021
(February 2021- Week 2nd) A. Important Updates from last week: CBDT: CBDT issues Notification No. 5/2021. Read More. CBIC: Need to...
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Draft of Standard for Audit of smaller and less complex entities
Miscellaneous

Draft of Standard for Audit of smaller and less complex entities

CA Cult – 13 February 2021
Exposure Draft of Standard for Audit of Smaller and Less Complex Entities issued by the Auditing and Assurance Standards Board ...
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ICAI
NBFCs as Financial Institutions under Section 2(1)(m) of the SARFAESI Act, 2002
Updates & News

NBFCs as Financial Institutions under Section 2(1)(m) of the SARFAESI Act, 2002

CA Cult – 12 February 2021
NBFCs as Financial Institutions under Section 2(1)(m) of the SARFAESI Act, 2002 Provision: (m) "financial institution" means— (i) a public...
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Finance
New provisions under section 16(3) of IGST Act, 2017
Blogs Statutory Updates Union Budget 2021

New provisions under section 16(3) of IGST Act, 2017

FCA Gaganmeet Singh – 12 February 2021
New provisions under section 16(3) of IGST Act, 2017, introduced in Union Budget 2021 Explanation: A registered person making zero...
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GST
New Clause inserted to widen the Scope of Supply
Blogs Statutory Updates Union Budget 2021

New Clause inserted to widen the Scope of Supply

CA. Ankur Gupta – 12 February 2021
New Clause inserted to widen the Scope of Supply, so as to ensure levy of tax on activities or transactions...
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GST
Substitution of new section for section 44: Annual Return
Blogs Statutory Updates Union Budget 2021

Substitution of new section for section 44: Annual Return

Kartik Sharma – 12 February 2021
Substitution of new section for section 44: Annual Return, as introduced in Union Budget 2021 Section 44 of the CGST...
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GST
DGFT Notification No. 58/2015-2020
Updates & News

DGFT Notification No. 58/2015-2020

CA Cult – 12 February 2021
DGFT Notification No. 58/2015-2020:Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020
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DGFT
Investment in NBFCs from FATF non-compliant jurisdictions
Updates & News

Investment in NBFCs from FATF non-compliant jurisdictions

CA Cult – 12 February 2021
Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to...
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RBI
ICAI elects New Torchbearers for the year 2021-22
Miscellaneous

ICAI elects New Torchbearers for the year 2021-22

CA Cult – 12 February 2021
ICAI elects New Torchbearers for the year 2021-22 Press ReleaseThe Council of the Institute of Chartered Accountants of India (ICAI)...
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ICAI
Control and Regulation of e-Commerce Platform
Updates & News

Control and Regulation of e-Commerce Platform

CA Cult – 12 February 2021
Control and Regulation of e-Commerce Platform- Press Release Posted On: 12 FEB 2021 12:32PM by PIB Delhi Considering the cross-cutting...
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PIB
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Employer-Provided Meals and Lodging in Tax Year 2026

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FICA Tax vs. Self-Employment Tax: Tax Year 2026

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OBBBA Tax Reform 2026: Key Changes to Individual Taxes
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OBBBA Tax Reform 2026: Key Changes to Individual Taxes

Old vs New Regime for FY 2025-26: Which Option Saves More Tax
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Old vs New Regime for FY 2025-26: Which Option Saves More Tax