Weekly Updates from CA Cult (July 2022- Third Week)
Weekly Updates from CA Cult (July 2022- Third Week)
Important Updates from last week:
- FAQ’s on the AIS (Annual Information Statement).
- Corrigendum to the income-tax notification no. 67/2022 dated 21.06.2022.
- A brochure is released to help Individual Taxpayers filing Returns for the first time.
- Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10BB for Assessment Year 2018-19 and subsequent years.
- Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10B for Assessment Year 2018-19 and subsequent years – Reg.
- Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years- Reg.
- Notification to reduce the Special Additional Excise Duty on exports of Petrol and Diesel- Notification No. 17/2022-Central Excise.
- Implementation of mandatory mentioning of HSN codes in GSTR-1.
- Introducing new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5).
- Advisory on the Upcoming Changes in GSTR-3B
- Appointment of the Whole Time Member in IBBI.
- MCA is launching company forms on MCA21 V3 portal.
Directorate General of Foreign Trade (DGFT)
- Implementation of MoUs between Government of Republic of India and (i) the Government of the Republic of the Union of Myanmar for import of urad and tur from Myanmar, (ii) Government of Republic of Malawi for import of pigeon peas from Malawi, (iii) Government of Republic of Mozambique for import of pigeon peas from Mozambique – PUBLIC NOTICE No. 17/2015-20.
- Amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020 – PUBLIC NOTICE No. 18 /2015-2020.
- Amendment of import policy conditions for item under ITC(HS) Code 05119999 of Chapter 05 of ITC (HS), 2022, Schedule –I (Import Policy)- NOTIFICATION No. 22 /2015-2020.
- Revised Regulatory Framework for Urban Co-operative Banks (UCBs).
Securities and Exchange Board of India (SEBI)
- SEBI files FIR for the Cyber Security Incident.
- Levy of Goods & Services Tax (GST) on the fees payable to SEBI.
- Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA.
Institute of Chartered Accountants of India (CA Fraternity)
- Extension of time period for Registration in Foundation Course for appearing in Foundation Examination to be held in December, 2022.
- Draft of Guidance Note on Report under Section 92E.
- Results date of the PQCs Examinations declared.
- Results Dates of the Intermediate Examination declared.
- Corrigendum – CA Examinations, November 2022.
- EMPANELMENT OF ADVOCATES IN THE ICAI.
- Important dates for Intermediate to apply for verification.
- Restoration of course fees for the classes of IT and Soft Skills Training as per the prescribed fees during pre-Covid times.
- FAQs for Candidates participating in Campus Placement Program August-September 2022.
- Press Release on the result of Intermediate Examination May 2022.
Video of the Week:
- Treatment of LIC Maturity amount in Income tax Return: https://www.youtube.com/watch?v=eAqHmmFxgEY&t=7s
- Important point on deduction under section 80TTA and 80TTB: https://www.youtube.com/watch?v=vXTHJ08uhmI
- TDS compliance of Virtual Digital Asset (VDA) under Income-tax: https://www.youtube.com/watch?v=GW9vHYG-NNU
- Why Income-tax return (ITR) filing is required or Benefits of filing ITR: https://www.youtube.com/watch?v=Ub34balPD90
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