Weekly Updates from CA Cult (2nd Week of November 2023)

Weekly Updates from CA Cult (2nd Week of November 2023)

Team CA Cult wishes you a very Happy Diwali!

Important Updates from last week:

Income-tax

1. Punjab Infrastructure Regulatory Authority notified under section 10 of the Income-tax Act, 1961.
2. Press Council of India notified under section 10 of the Income-tax Act, 1961.
3. Gross Direct Tax Collections for FY 2023-24 up to 09.11.2023.

CBIC

1. Allowing advance assessment of Courier Shipping Bills-regarding.
2. Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023.
3. DGGI Meerut Officials bust a massive syndicate involving 102 fake entities with a staggering turnover of Rs. 1,481 crore, four held.
4. Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry.
5. Union Finance Minister Smt. Nirmala Sitharaman launches 12 GST Seva Kendras in Vapi, Gujarat.

MCA

1. Limited Liability Partnership (Significant Beneficial Owners) Rules.

DGFT

1. Introduction of Centralized Video Conference Facility at DGFT Headquarters.
2. Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters -reg.

RBI

1. Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices.

ICAI

1. Empanelment of Chartered Accountant firms/LLP by Office of C&AG from the empanelment year 2024-2025.
2. Announcement of FAFD Assessment Test Result held on 28th October 2023.

OTHER UPDATES

1. Notification of Schemes under Small Savings Schemes.

Blog of the Week:

1. How to send money abroad under LRS by Indian Residents, Types of Documents required, applicable Charges and TCS Provisions.
2. What is Foreign Remittance? and How to Transfer (Remit) funds outside India by Residents of India and Non-Resident of India?

Video of the Week:

1. Send money outside India (Abroad) | Documents | Charges | Foreign Remittance | LRS – Part – II: https://www.youtube.com/watch?v=bR3K9Z1nGrU
2. What is Foreign Remittance ? How to Remit funds outside India? Part – I : https://www.youtube.com/watch?v=Tg450FAomUw

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