Weekly Updates from CA Cult (3rd Week of April 2023)

Weekly Updates from CA Cult (3rd Week of April 2023)

Weekly Updates from CA Cult (3rd Week of April 2023)

Important Updates from last week:


  1. Amendment to Notification no. 34/2020 w.r.t. clause (46) of section 10 of the Income-tax Act, 1961.


  1. Updated Advisory: Time limit for Reporting Invoices on the IRP Portal.


  1. Intro Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023.
  2. MCA Important Update for Stakeholders on Form STK-2.

Directorate General of Foreign Trade (DGFT)

  1. Amnesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders – Amendment: PUBLIC NOTICE No: 7 /2023
  2. Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ under India- UAE CEPA)- PUBLIC NOTICE No. 06/2023
  3. Amendment under Interest Equalisation Scheme in respect of UIN- Trade Notice No. 04/2023-24.
  4. New HSN Codes for Technical Textiles items in ITC(HS), 2022 Schedule -I (Import Policy) – Trade Notice No. 02/2023-24.


  1. Review of Requirement of Counter-Cyclical Capital Buffer.
  2. Framework for the Acceptance of Green Deposits.

Securities and Exchange Board of India (SEBI)

  1. Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories.
  2. Dispute Resolution Mechanism for Limited Purpose Clearing Corporation (LPCC).
  3. Procedure for seeking prior approval for change in control of Vault Managers.

Institute of Chartered Accountants of India (ICAI)

  1. Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023.
  2. President, ICAI addressed Media emphasizing to blend new age thinking with the traditional approach, and ability to connect with all Stakeholders.
  3. Sessions starting from 15th May for CA Foundation students appearing in June 2023 Examination.

Videos of the Week:

  1. Important Updates under the New Tax Regime: https://www.youtube.com/watch?v=wKnfcTfC2YE
  2. How to claim Tax Credit for income earned outside India?: https://www.youtube.com/watch?v=vV6lh5sviHs
  3. E-verify your Return of Income (ITR) after 120 Days: https://www.youtube.com/watch?v=YoVgbwELD58
  4. Amendment u/s 10AA introduced in Finance Bill 2023: https://www.youtube.com/watch?v=VouJaIDXmjw

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CA Cult