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

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

Important Updates from last week:

Income-tax

1. Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 30%.
2. New Rule 12AD on Return of income under section 170A inserted in the Income-tax Rules, 1962.

CBIC

1. Customs Notification No. 81 /2022- Customs (N.T.) to amend the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010.

MCA

1. Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022.

Directorate General of Foreign Trade (DGFT)

1. Extension for the period of exports of broken rice (HS code 1006 40 00) from 15th September, 2022 till 30th September, 2022 as mentioned in Notification No. 31 dt. 08.09.2022- NOTIFICATION No. 34/2015-2020.
2. Fact Sheet on Amendment in India’s export policy on Rice.

Securities and Exchange Board of India (SEBI)

1. Framework on the Social Stock Exchange (“SSE”).
2. Issue and listing of Commercial Paper by listed InvITs.
3. Issue and listing of Commercial Paper by listed REITs.
4. Firewall between Credit Rating Agencies and their Affiliates.

Institute of Chartered Accountants of India (CA Fraternity)

1. ICAI Convocation will be held on 6th October 2022.
2. Exposure Draft of AS 113, Fair Value Measurement.
3. Registration for Online Home-Based Practical Training Assessment.
4. ICAI Presents CA Business Leaders 40 under 40 In association with CNBC-TV18.
5. Technical Guide on Audit of Charitable Institutions under Section 12A of the Income-tax Act, 1961.
6. ICAI Invites Suggestions for Pre-Budget Memorandum-2023.

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