Weekly Newsletter from CA Cult – For Latest Updates (July 2024)
Weekly Newsletter from CA Cult – For Latest Updates (4th Week of July 2024)
- Over 5 crore ITRs have been filed till 26 July 2024, marking an increase of over 8.5% more compared to the same period last year. The number of ITRs filed per day has exceeded over25lakh since 24 July and is expected to rise further as the due date of 31st July 2024 approaches. The 5 crore milestone, which is reached on 26 July this year, was achieved on 27 July last year.
- Refund of tax paid on Inward supply of goods by Canteen Store Department (FORM GST RFD 10A).
- Advisory for the Taxpayers for FORM GSTR-1A.
- Merger of Forms IEPF-3 With IEPF-4 and IEPF-7 with IEPF-1 along with change in payment process thereof in MCA Version 3.
- Verification of the authenticity of Licences, Authorisations, Scrips, Certificates, Instruments etc. issued by DGFT using the UDIN – Trade Notice No. 09/2024-25.
- Launch of the Steel Import Monitoring System (SIMS) 2.0 – Trade Notice No. 10/2024-25.
- RBI issues Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks.
- SEBI study finds that 7 out of 10 individual intraday traders in equity cash segment make losses.
- Union Budget 2024 : ICAI Welcomes Budget 2024-25 Focusing on Employment, Skilling, MSMEs, and the Middle Class.
- Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection (FAFD) on Saturday, the 24th August, 2024.
- The result of the Chartered Accountants Foundation Examination held in June 2024 is likely to be declared on Monday, (Late evening) the 29th July 2024.
- The result of the Information Systems Audit [ISA] Assessment Test held in July 2024 is likely to be declared on Monday (Late evening), the 29th July 2024.
- Revised Income -tax Slab under New Tax Regime – Union Budget 2024.
- Revised TDS rates along with their effective dates are proposed in the Union Budget 2024.
- SUMMARY OF THE UNION BUDGET 2024-2025.
- FAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25.
Videos of the Week
- Revised Income Tax Rate on Foreign Company | Union Budget 2024 Highlight: https://www.youtube.com/shorts/jNpM3q-Tq7w
- Impact of Revised Income -tax Slab under New Tax Regime | Union Budget 2024 Highlights: https://www.youtube.com/watch?v=bIrqxMJbhsw
- Higher Standard Deduction and Family Pension Deduction | Union Budget 2024 Highlights: https://www.youtube.com/shorts/-I5u_in_mBg
- Impact of Union Budget 2024 on Gold Price and its Taxability | Budget 2024 Highlights: https://www.youtube.com/shorts/3JXYf8-QCoY
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