Weekly Updates from CA Cult (4th Week-December 2022)

Weekly Updates from CA Cult (4th Week-December 2022)

Weekly Updates from CA Cult (4th Week-December 2022)

Important Updates from last week:

Income-tax

  1. CBDT Circular No. 24/2022 on Income-tax deduction (TDS) from salaries during the Financial Year 2022-23 under section 192 of the Income-tax Act, 1961.
  2. Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%.

CBIC

  1. Recommendation of the 48th Meeting of the GST Council.
  2. Seeks to amend Notification No. 58/2021-Customs (N.T.), dated the 01.07.2021 under sub-section (2) of Section 151B of the Customs Act, 1962 to notify Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in Customs Matter of India and with other Countries- NOTIFICATION No. 111/2022 – Customs (N.T.).

MCA

  1. Important Update on Company Forms on V3 Portal.
  2. Proforma for reporting liquidator’s decision(s) different from the advice of Stakeholders’ Consultation Committee (SCC) under proviso to sub-regulation (10) of regulation 31A of IBBI (Liquidation Process) Regulations, 2016.

Directorate General of Foreign Trade (DGFT)

  1. Guidelines for the import of Pet Animals – Trade Notice No. 22/2022-23.
  2. Electronic filing and Issuance of Preferential Certificate of Origin (CoO) under India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) w.e.f. 29th December 2022.
  3. Amendment of Appendix 2B [List of Agencies Authorised to issue Certificate of Origin (Preferential)] of Foreign Trade Policy, 2015-2020- Public Notice no. 44/2015-20.

Reserve Bank of India (RBI)

  1. Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility.

Securities and Exchange Board of India (SEBI)

  1. Applicability of SEBI circular on Principles of Financial Market Infrastructures (PFMIs) to AMC Repo Clearing Limited.

Institute of Chartered Accountants of India (ICAI)

  1. Report on Campus placement Programme- August-September, 2022.
  2. Applicable Study Material for May/ June 2023 Exams Foundation, Intermediate and Final Course.
  3. Important Announcement – Post Qualification Course – Diploma on Management and Business Finance (DMBF) January 2023 Examination.
  4. FAQ For Candidates to Participation in Campus Placement Programme Feb-Mar, 2023.

Video of the Week: Pan will become Inoperative after this timeline: https://www.youtube.com/watch?v=qSsdSHVhI_s

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CA Cult