Weekly Newsletter from CA Cult – For Latest Updates

Weekly Newsletter from CA Cult – For Latest Updates

Weekly Newsletter from CA Cult – For Latest Updates (4th Week of March 2024)


  1. Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 18.74%.
  2. Amendment in Article 13 relating to Royalties and Fees for Technical Services.
  3. Directorate of Income Tax (Investigation), Delhi, sets up 24X7 Control Room and toll-free Mobile Number 9868168682 in connection with the General Elections to Lok Sabha, 2024.
  4. Notification under section 138 of the Income Tax Act 1961 Government of Uttar Pradesh – NOTIFICATION No. 35/2024.


  1. Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables.


  1. Notice inviting comments from various stakeholders on draft rules for refund process from IEPF Authority.


  1. Changes in origin declaration for Self-Certification under UK Developing Countries Trading Scheme (DCTS) – Trade Notice No. 39/2023-24.
  2. Amendment in import policy condition of Urea [Exim Code 31021010] in the ITC (HS) 2022, Schedule —1 (Import Policy) – Notification No. 79/2023.
  3. Amendments under Interest Equalization Scheme – Trade Notice No. 40/2023-2024.
  4. Amendment of policy condition of Crude Oil under HS Code 2709 00 10 – Notification No. 80/2023.
  5. Amendment in export policy of Onions – NOTIFICATION No. 81/2023.


  1. All Agency Banks to remain open for public on March 31, 2024 (Sunday).
  2. Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files.
  3. Omnibus Framework for recognising Self-Regulatory Organisations (SROs) for Regulated Entities (REs) of the Reserve Bank of India.
  4. Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2023-24).


  1. Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA.
  2. Safeguards to address the concerns of the investors on transfer of securities in dematerialized mode.
  3. Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets.


  1. Important Announcement – Reschedulement of Chartered Accountant Examinations, May 2024.

Video of the Week

  1. Penalty for failure to register certain machines under section 122A: https://www.youtube.com/watch?v=484Zr-KYJ24

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CA Cult