Weekly Updates from CA Cult (1st Week of April 2023)
Weekly Updates from CA Cult (1st Week of April 2023)
Important Updates from last week:
- Clarification regarding deduction of TDS under section 192 of the IT Act.
- Amendment to section 10(26AAA) of the Income-tax Act, 1961 by the Finance Act, 2023.
- CBDT Notification No. 17/2023.
- Exchange Rate Notification No. 26/2023 – Customs (N.T.).
- Introduction to Amendments to Rule 11(g) of Companies (Audit and Auditors) Rules, 2014.
Directorate General of Foreign Trade (DGFT)
- Foreign Trade Policy, 2023 – Notification No. 1/2023.
- Handbook of Procedures, 2023 – Public Notice No. 1/2023.
- Streamlining of Halal Certification Process for Meat and Meat Products.
- Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy.
Securities and Exchange Board of India (SEBI)
- Advertisement code for Investment Advisors & Research Analysts.
- Usage of brand name/trade name by Investment Advisers & Research Analysts.
Institute of Chartered Accountants of India (ICAI)
- Guidance on Disclosure and Reporting of KPI’s.
OTHER UPDATES
- More than Rs. 40,700 crore sanctioned to over 1,80,630 accounts under Stand-Up India Scheme in 7 years.
- More than 40.82 crore loans amounting to ₹23.2 lakh crore sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) since inception.
- Total enrolments under various schemes under NPS and APY cross 1.35 crore during Financial Year 2022-23.
Videos of the Week:
- How to check your Annual Information Statement on Income-tax portal and Other Important aspects: https://www.youtube.com/watch?v=ngKvwKXBAec
- New way to Check your Income-tax related Financial transactions: https://www.youtube.com/watch?v=iP3estMcIX8
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