Weekly Updates from CA Cult (2nd Week – August 2023)

Weekly Updates from CA Cult (2nd Week – August 2023)

Weekly Updates from CA Cult (2nd Week – August 2023)

Important Updates from last week:

Income-tax

  1. Notification under 92CB for extension of Safe Harbour Rules.
  2. Direct Tax Collections for F.Y. 2023-24 up to 10.08.2023.
  3. State Pollution Control Board Odisha notified under section 10(46) of the Income-tax Act, 1961.
  4. Chandigarh Building and Other Construction Workers Welfare Board notified under section 10(46) of the Income-tax Act, 1961.

CBIC

  1. Authorization of Booking Post Offices and their corresponding Foreign Post Offices in terms of the Postal Export (Electronic Declaration and Processing) Regulations, 2022-reg.

RBI

  1. The Punjab National Bank (PNB) (Employees’) Pension (Amendment) Regulations, 2023.

SEBI

  1. Transactions in Corporate Bonds through Request for Quote (RFQ) platform by FPIs.
  2. Facility to remedy erroneous transfers in demat accounts.
  3. Securities and Exchange Board of India (Settlement Proceedings) (Second Amendment) Regulations, 2023.
  4. Timeline for the Exit Option Window Period for Change in Control of AMC.
  5. Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs).
  6. Master Circular for Online Resolution of Disputes in the Indian Securities Market.

IRDAI

  1. Relaxation for insurers’ investments in HDFC Ltd. post merger with HDFC Bank Ltd.

ICAI

  1. Important Announcement on ISA PQC Examination Result.
  2. Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection (FAFD) on Saturday the 26th August 2023.
  3. ICAI Press Release on the Chartered Accountants (CA) Foundation Examination held in June, 2023.

Video of the Week:

  1. Filing of Income-tax Return (ITR) and Inoperative PAN : https://www.youtube.com/shorts/T0RgkKOuDOg
  2. “All The Best” for the results of “CA Foundation Examination, June 2023” : https://www.youtube.com/shorts/0y1V58bXerY

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CA Cult