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Weekly Newsletter from CA Cult – For Latest Updates (July 2024)

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

Income-tax

  1. ITR-1, ITR-2,ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 for AY 2024-25 are enabled for filing in offline as well as Online mode at e-filing portal ! Excel Utilities of ITR-1, ITR-2, ITR-3, ITR-4, ITR 5, ITR-6 and ITR-7 for AY 2024-25 are also live now.
  2. Attention Taxpayer !!  Please compare the tax liability under the New Tax and Old Tax regime before filing of the return. For more details please refer ‘Latest Updates’

CBIC

  1. Attention: Increase in size of documents upload on the GST Portal, in Principal Place of Business and Additional Place of Business for New Registration and Amendment.
  2. Seeks to exempt the registered person whose aggregate turnover in FY 2023-24 is upto Rs. two crores, from filing annual return for the said financial year – NOTIFICATION No. 14/2024– Central Tax.

MCA

  1. MCA Notified Extension of the time for Filing of PAS-7.

DGFT

  1. Clarification to the Trade Notice No. 07/2024-2025 – Trade Notice No. 08/2024-2025.

RBI

  1. Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).

SEBI

  1. Ease of doing business -Streamlining of prudential norm for passive schemes regarding exposure to securities of group companies of the sponsor of Mutual Funds.

ICAI

  1. Invitation for Empanelment of Faculty / Subject Matter Experts for Self paced Online Modules.
  2. ICAI holds Convocation Ceremony at 13 locations across the Country 9821 newly Qualified CAs Awarded Certificates of Membership.
  3. Results of CA Final & Intermediate Examination held in May, 2024 Declared.
  4. ICAI election 2024 – Creation of Election Cell.

OTHER UPDATE

  1. Extension of the validity of FCRA registration certificates.

Videos of the Week

  1. Discontinuation of Covid-19 Advances | EPF | Salary: https://www.youtube.com/shorts/HqP7w7QkN7I
  2. Who is Moonlight Employee | Income | Tax Liability | Applicable ITR Form: https://www.youtube.com/watch?v=myy98HAN0FU

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