CAalley Newsletter dated March 6, 2023

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

International News

Legal Updates:

Income Tax

IBBI

RBI

Customs

Central Excise

---

  

News Update:

Indian News:

ITAT: Cultivate agricultural land for capital gains tax sop

Online gaming cos move CBDT, PMO to oppose tax rules

Govt to bring retail trade policy to promote ease of doing biz: Official

RBI launches mission to make every citizen a user of digital payment

Government to come up with 58 quality control orders in next 6 months to stop imports of sub-standard goods

Govt removes basic customs duty of 10% on whole tur to check local prices

No sale of gold jewellery without hallmark from April 1

SEBI stops incentive of mutual funds for selling beyond top 30 cities

Govt not in 'crazy rush' to sell everything: FM Sitharaman

Goods and services exports may cross $750 bn-mark this fiscal: Piyush Goyal

Cos add mental care to health covers globally

Govt slashes windfall tax on diesel to Rs 0.50 per litre, nil on ATF

EPFO clause makes opting for higher pension nearly impossible

ED raids 12 places in Nagpur, quizzes top chartered accountants

  

International News:

Canadian audit regulator issues enforcement action against US accounting firm

FASB studies AI use in financial data analysis

FRC announces revisions to Technical Actuarial Standard 100

---

Legal Updates:

Income Tax:

Corrigendum: Changes in Income Tax Forms [No.11]

  

IBBI:

Serving of copy of applications to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016

  

RBI:

Remuneration payable to Statutory Central Auditors (SCAs) and Statutory Branch Auditors (SBAs) of Nationalised Banks from FY 2022-23

  

Customs:

Seeks to amend notification No. 50/2017- Customs, dated 30.06.2017, in order to reduce the BCD on Tur Whole to Nil [No.16]

Seeks to amend notification No. 30/2022- Customs, dated 24.05.2022, in order to discontinue the specified TRQ rate after the 31st March 2023 [No.15]

  

Central Excise:

Seeks to further amend No. 10/2022-Central Excise, dated the 30th June, 2022 , to reduce the Road and Infrastructure Cess on Diesel [No.12]

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel [No.11]

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce SAED on export of Aviation turbine Fuel [No.10]

Appointment of Additional Assistant Director as Central Excise Officer of the rank of Superintendent [No. 1(NT)]

---