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Weekly Newsletter from CA Cult – For Latest Updates

Weekly Newsletter from CA Cult – For Latest Updates (2nd Week of February 2024)

Income-tax

  1. Exemption of Income Tax for Dairy Cooperative Society.
  2. An agreement between the Government of Republic of India and Government of Samoa for exchange of information with respect to taxes.

CBIC

  1. DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023).
  2. Caution against fraudsters sending fake and fraudulent Summons for GST violations.

MCA

  1. Establishment of the Central Processing Centre.
  2. Relaxation of additional fees and extension of last date of filing of Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008- regarding.

DGFT

  1. Corrigendum to Public Notice no. 28/2023 dated 18.08.2023.

RBI

  1. Review of Fixed Remuneration granted to Non-Executive Directors (NEDs).

SEBI

  1. Guidelines for returning of draft offer document and its resubmission.
  2. Revised Pricing Methodology for Institutional Placements of Privately Placed Infrastructure Investment Trust (InvIT).

ICAI

  1. Issuance of Revised Standards on Auditing 800, 805, 810.
  2. Press release on the Result of Chartered Accountants Foundation Examination held in December 2023 declared.
  3. ICAI’s Annual Function inaugurated by Chief Guest Shri Om Birla, Hon’ble Speaker, Lok Sabha Attended by 1500 Members.

Union Budget 2024-25

  1. Interim Budget Session of Parliament adjourns sine die.

OTHER UPDATES

  1. Lok Sabha passes ‘The Public Examinations (Prevention of Unfair Means) Bill, 2024’ to curb paper leaks, malpractices as well as organised malpractices in recruitment examinations like UPSC, SSC etc and entrance tests such as NEET, JEE and CUET

Videos of the Week

  1. Check your Income-tax Refund Status | Big Update: https://www.youtube.com/watch?v=Sy8sEDJiqSU
  2. Impact of Delay in Payment to Micro and Small Enterprises | Section- 43B | MSME | Income-tax Act: https://www.youtube.com/shorts/jL3dvEaqgak

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