Weekly Updates from CA Cult (3rd Week of May 2023)
Important Updates from last week:
- Aaykar Sampark Kendra and its Helpline numbers 1800 180 1961 and 1961 are going to be discontinued w.e.f. 01/06/2023.
- Notification under sub clause (c) of clause (i) of sub section (3) of section 194A of the Income tax Act, 1961 in the case of Mahila Samman Savings Certificate, 2023.
- Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS.
- CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities.
- Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders (Notification No.32/2023-Customs dated 26.04.2023) – Circular.
- Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023.
- ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
Securities and Exchange Board of India (SEBI)
- Securities and Exchange Board of India (Employees’ Service) (Amendment) Regulations, 2023.
- Master Circular for the Stock Brokers.
- Master Circular for Registrars to an Issue and Share Transfer Agents.
Institute of Chartered Accountants of India (ICAI)
- Placement Programme for Experienced Chartered Accountants.
- Cabinet approves Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and The Chartered Accountants of the Maldives.
OTHER UPDATES:
- Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023.
- Dedicated email IDs as single Point(s) of correspondence for the applicants seeking No Objection Certificate (NOC), Certificate of Registration (CoR) OR for other related communication.
Blog of the Week:
- Is India back to demonetization of November 2016?: https://cacult.com/is-india-back-to-demonetization-of-november-2016/
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