Weekly Updates from CA Cult (4th Week of November 2023)

Weekly Updates from CA Cult (4th Week of November 2023)

Important Updates from last week:

Income-tax

1. Notification under section 138 (Disclosure of information respecting assessees) of the Income-tax Act 1961.
2. Notification under clause (46) of section 10 of the Income tax Act 1961 in case of Maharashtra Council of Homoeopathy.
3. Notification under section 10(46) of the Income tax Act 1961 in case of Chhattisgarh Rajya Beej Pramanikaran Sanstha.
4. Union Minister inaugurates newly constructed Aayakar Bhawan of Income Tax Department in Kochi.

CBIC

1. Levy of Anti-dumping Duty (ADD) on Zeolite 4A – NOTIFICATION No. 12/2023-Customs (ADD).
2. CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested.

MCA

1. Amendment to the Chartered Accountant Election Tribunal Rules 2006.

DGFT

1. Notice for Calcined Petroleum Coke (CPC) Manufacturers regarding import of Raw Pet Coke -reg.
2. Amendment in import policy condition of Gold under HS Code 71081200 under Chapter 71 of Schedule –I(Import Policy) of ITC (HS) 2022 – Notification No. 44/2023.
3. Imposition of Minimum Export Price on export of Onions- Notification No. 45/2023.

RBI

1. RBI updates the Alert List of unauthorized forex trading platforms.

ICAI

1. Important Dates for Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS)-Adv. Information Technology Test-Computer Based Mode (CBT)-Dec 2023, Jan, Feb, Mar 2024.
2. Draft of standards on auditing for limited liability partnerships (LLPs).
3. QRB Report on Audit Quality Review.
4. ICAI gears up to host largest convention of Global Accountants – Global Professional Accountants Convention (GloPAC).
5. Vice-President of India, Inaugurated ICAI’s first Global Professional Accountants Convention in Gujarat.

Blog of the Week:

1. How to send money abroad by Non-Residents of India (NRI) from their NRO Account, the Types of Documents required, and Applicable Charges.

Video of the Week:

1. Send money abroad from NRO Account | Foreign Remittance | Documents & Charges – Part – III: https://www.youtube.com/watch?v=GAy9As9XnfU

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