Weekly Updates from CA Cult (2nd Week- Sept 2022)

Weekly Updates from CA Cult (2nd Week- Sept 2022)

Weekly Updates from CA Cult (2nd Week- Sept 2022)

Important Updates from last week:

Income-tax

  1. Withdrawal functionality of 15CB forms at e-filing portal.
  2. Notification under section 118 of Income tax Act.
  3. Central Registry of Securitisation Asset Reconstruction and Security Interest of India notified under section 10 of income tax.
  4. Direct Tax Collections for F.Y. 2022-23 up to 08.09.2022.
  5. Income Tax Department conducts searches on prominent business groups in Maharashtra.

CBIC

  1. Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order dated 22.07.2022 & 02.09.2022 of Hon’ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd.

MCA

  1. Extension of period of the Company Law Committee.
  2. Notification under section 55(2) of the Insolvency & Bankruptcy Code (IBC), 2016.

Directorate General of Foreign Trade (DGFT)

  1. Uploading of e-BRC for shipping bills on which RoSCTL scrip has been availed from DGFT RAs – Extension upto 30.09.2022- Trade Notice No. 16/2022-23.
  2. Amendment in Export Policy of broken rice under HS Code 1006 40 00- Notification No. 31/2015-2020.

Reserve Bank of India (RBI)

  1. Review of the Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS).

Securities and Exchange Board of India (SEBI)

  1. Performance/return claimed by unregulated platforms offering algorithmic strategies for trading.

Insurance Regulatory and Development Authority of India (IRDAI)

  1. RECONSTITUTION OF COMMITTEE TO REVIEW IRDAI’S INFORMATION & SECURITY GUIDELINES

Institute of Chartered Accountants of India (CA Fraternity)

  1. 2nd International Research Conference on Insolvency and Bankruptcy is being organised by Insolvency and Bankruptcy Board of India in collaboration with IIM Bangalore from 23rd to 25th February, 2023 at Bengaluru.
  2. Notification for Online Assessment Test (AT) for Certificate Course on Forex and Treasury Management (FXTM) on 17th & 18th September 2022. – 10:00 AM to 1:00 PM.
  3. External Confirmations through Third Party Vendors.
  4. Change of address of Polling Booth No. W178 to W180 at Thane.
  5. Corrigendum to CA Final Course RTP November 2022 Examination.
  6. ICAI Important announcement on CA Foundation Exams to be held in December 2022.
  7. LIST OF ORGANIZATIONS PARTICIPATING IN CAMPUS PROGRAM (SMALL CENTER) AUGUST-SEPTEMBER 2022

OTHER UPDATES:

  1. Investor Education and Protection Fund Authority (IEPFA) and National Council of Applied Economic Research (NCAER) organise seminar to celebrate IEPFA’s 6th Foundation Day.
  2. Shri Piyush Goyal asks Chartered accountants to always do justice to the immense legacy of trust, honesty and high standards.
  3. Incentive for improving service to non-chest branches.
  4. Multiple steps outlined to prevent operations of such Illegal Loan Apps.
  5. Exim Bank’s Government of India supported line of Credit (LOC) of USD 108.28 million to the Government of the Kingdom of Switzerland.

Video of the Week:

  1. Important Update on Clause 20(b) of Tax Audit Report (Form 3CD): https://www.youtube.com/watch?v=je4dsvj0tDA

Check out our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA

CA Cult