Weekly Updates from CA Cult (1st Week-November 2022)

Weekly Updates from CA Cult (1st Week-November 2022)

Important Updates from last week:

Income-tax

1. CBDT releases draft Common Income Tax Return Form for public consultation
2. Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A.
3. Notification of Teacher Retirement System of Texas as the specified person for the purposes of clause (23FE) of section 10 of the Income-tax Act, 1961.
4. Explanatory Notes to the provisions of the Finance Act, 2022.

CBIC

1. ₹1,51,718 crore gross GST revenue collected for the month of October 2022.
2. GST portal will not be available due to maintenance.

IBBI

1. Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022.
2. Annual Compliance Certificate for Insolvency Professional Agencies.

Directorate General of Foreign Trade (DGFT)

1. ICEGATE Helpdesk for redressal of RoDTEP related grievances- Trade Notice No. 20/2022-23.
2. Extension of date for restriction on export of sugar beyond 31st October, 2022- NOTIFICATION No. 40/2015-2020.
3. Enlistment of PSIA under Para 2.55 of HBP 2015-2020- Public Notice No. 34/2015-2020.

Reserve Bank of India (RBI)

1. Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022.
2. Nation-wide Awareness Programme: November 2022.

Securities and Exchange Board of India (SEBI)

1. Notification on clearing corporation activity.
2. Standardisation of Rating Scales Used by Credit Rating Agencies (CRAs).

Institute of Chartered Accountants of India (CA Fraternity)

1. Invitation for filing Nominations for 16th ICAI Awards.
2. Observations of the candidates on the question papers of CA examinations – November 2022.
3. Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection on Saturday the 10th December 2022.
4. ICAI Organised Super Mega Career Counselling Programme.
5. QRB Report on Audit Quality Review – 2021-22.

OTHER UPDATES:

1. Clarification on MSME Registration & Classification done during the period 01.04.2022 to 07.06.2022-reg.

Video of the Week: What is Centralized Public Grievance Redress and Monitoring System (CPGrams)? : https://www.youtube.com/watch?v=PGrX5muRwNk&t=338s

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