Weekly Newsletter from CA Cult – For Latest Updates (Last Week of May 2024)
- Cost Inflation Index for Financial Year 2024-25 – Notification under clause (v) of the Explanation to section 48 of the Income tax Act 1961.
- Exemption to RBI under section 206AB and 206CCA of the Income-tax Act, 1961.
- Advisory on Launch of the E-Way Bill 2 Portal on 1st June 2024.
- Seeks to amend the Notification no. 02/2017-CT dated 19.06.2017 regarding Notifying jurisdiction of Central Tax Officers with effect from 5th August, 2023 – NOTIFICATION No. 10/2024-Central Tax.
- Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Records 10% y-o-y growth.
- Amendment in Para 2.31 of the Foreign Trade Policy, 2023 and ITC HS 2022 Schedule 1 Import Policy – reg.
- Amendment in 4.59 of Handbook of Procedures, 2023 and modification in Standard Input Output Norms (SION) M- 1 to M-7 for export of jewellery – PUBLIC NOTICE No. 05/2024.
- Abeyance of Public Notice No. 05/2024 dated 27.05.2024 – PUBLIC NOTICE No. 06/2024.
- Issuance of partly paid units to persons resident outside India by investment vehicles under Foreign Exchange Management (Non-debt Instruments) Rules, 2019.
- RBI Instructions on the Money Changing Activities.
- Industry Standards on verification of market rumours.
- Framework for considering unaffected price for transactions upon confirmation of market rumour.
- Investor Charter for the Stock Exchanges.
- Important dates for Information Systems Audit – Assessment Test (ISA – AT), July 2024.
- Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS)- Adv. Information Technology Test – Computer Based Mode (CBT) – June and July 2024.
- ICAI to hold 2nd Edition of Startup Sphere Event from June 27-29 in Bengaluru; Aims to facilitate over USD 200 mn funding to startups from Investors.
Videos of the Week
- Claim Tax Relief on Salary Arrears u/s 89: https://www.youtube.com/shorts/nkwDtjdKXcw
- What are Self-Paced Online Modules? Eligibility for CA Final Examination: https://www.youtube.com/watch?v=-jS_Me4i8yQ
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