Weekly Updates from CA Cult (July 2022- Last Week)
Weekly Updates from CA Cult (July 2022- Last Week)
Important Updates from last week:
- 163rd Income Tax Day: A journey towards Nation Building.
- FAQs on top ten clarifications sought by the Taxpayers while filing their Income-tax returns.
- Authorisation under clause (c) of sub-rule (4) of rule 96 of the Central Goods and Services Tax (CGST) Rules, 2017.
- Clarification on spending of CSR funds for “Har Ghar Tiranga” campaign.
- CBDT notification for PAN/TAN integration with LLP incorporation form FiLLip- Notification No. 04 of 2022.
Directorate General of Foreign Trade (DGFT)
- Suspension of SIONs C-594, C-791 to C-796 and C-831- Public Notice No. 19/2015-20.
- Clarification regarding Non-Ferrous Metal Import Monitoring System (NFMIMS)- Policy Circular 42/2015-20.
- Relaxation in provision of submission of ‘Bill of Export’ as an evidence of export obligation discharge for supplies made to SEZ units in case of EPCG Authorization – Policy Circular No. 43/2015-20.
- Regulatory Framework for Microfinance Loans.
- Reserve Bank of India (RBI) announces Digital Payments Index for March 2022.
- Regulation of the Payment Aggregators – Timeline for submission of applications for authorisation – Review.
- Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector.
Securities and Exchange Board of India (SEBI)
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022.
- Implementation of Circular on ‘Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011’.
- Settlement of Running Account of Client’s Funds lying with Trading Member (TM).
- Addendum to SEBI Circular on Development of Passive Funds.
- LODR – Single Operational Circular for listing obligations and disclosure requirements (LODR) for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper.
- Nomination for Mutual Fund Unit Holders – Extension of timelines.
- Framework for automated deactivation of trading and demat accounts in cases of inadequate KYCs.
Institute of Chartered Accountants of India (CA Fraternity)
- Revised schedule of the Advanced ICITSS – Adv. IT Test.
- Final List of Candidates for bye-election to the Twenty Fifth Council from Western India Regional Constituency to be held in September, 2022.
- Requirements for Applying for the November 2022 Exams.
- List of organizations participating in campus program.
Other Updates:
- New Banking Policy for Purchase From Foreign Countries.
Video of the Week:
- Clarification on the applicability of section 44AD and 44ADA: https://www.youtube.com/watch?v=Cs_xrbOpfKg
- How to make changes in AIS Report available on Income-tax Portal? : https://www.youtube.com/watch?v=JOKBE4xc2FU
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