Weekly Key Highlights from team CaCult

Weekly Key Highlights from team CaCult

A. Important Updates from last week:


  1. Income Tax Department conducts searches in Delhi
  2. E-filing News & updates. Read More.
  3. Extension of Due date for Income Tax. Read More.
  4. Update UDINS in all Income Tax Forms
  5. CBDT Notification No. 93/2020
  6.  Income Tax E-filing Notification on Updation of ITR utility
  7. Article on Entertainment Allowance: Section 16(ii)


  1. Waiver from recording of UIN on the invoices- GST Circular. Read More.
  2. Amendment in Export Policy of Onions w.e.f. 1st January 2021. Read More.
  3. Extension of Due dates for GST. Read More.
  4. Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A
  5. Import and export of vaccines in relation to Covid-19
  6. 12th tranche of Tariff Concession
  7. CBIC Notification No. 115/2020- Custom (N.T.)
  8. GST Notification No. 95/2020- Central Tax
  9. Remission of Duties and Taxes on Exported Products
  10. GST revenue collection for December 2020 recorded all time high
  11. Delegation of Financial Power- Notification
  12. DGFT Notification No. 54/2015-2020


  1. Extension of name reserved through Spice+. Read More.
  2. Extension of date for conducting Board Meeting. Read More.
  3. MCA news and important updates. Read More.


  1. Report on Trend and Progress of Banking in India 2019-20
  2. RBI releases “Statistical Table relating to banks in India: 2019-20”
  3. Banking units to transfer of Assets through participation. Read More.
  4. Reserve Bank of India introduces the RBI-Digital Payments Index
  5. RBI releases “Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Bank for September 2020”.
  6. Calendar for Auction of Government of India Treasury bills
  7. RBI Launches the January 2021 round of Consumer Confidence Survey
  8. RBI launches the January 2021 round of the Inflation Expectations Survey of Households
  9. 91Days, 182 Days and 364 days treasury bills auction


  1. Circular on Mutual Funds
  2. Relaxation in timelines for compliance
  3. Creation of Security in issuance of listed debt securities
  4. Procedural guidelines for Proxy Advisors

CA Fraternity:

  1. ICAI introduces one time condonation scheme to regularize UDIN. Read More.
  2. ICAI invites comments on various exposure drafts. Read More.
  3. Webinar on Indian Accounting Standards (Ind AS). Read More.
  4. Certificate Course on Public Finance & Government Accounting
  5. Public Finance & Government Accounting: 8th Online Batch
  6. Introduction to CPA Canada- ICAI Committee’s Events
  7. Last date extended to apply for 14th ICAI awards
  8. President Message- January 2021


  1. DGFT Public Notice No. 36/2015-2020. Read More.
  2. DGFT Public Notice No. 51/2015-2020
  3. DGFT Notification No. 52/2015-2020

CA Cult