Daily Newsletter - March 4, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

Income Tax Return Forms

Legal Updates:

Income Tax

IFSCA

RBI

Central Excise

News Update:

Indian News:

Government allocates over Rs 4,400 crore to Apple, Samsung & other smartphone manufacturers under PLI scheme

RBI prohibits IIFL Finance from sanctioning, disbursing gold loans

Annual inspection of listed firms will protect interest of investors: NFRA chief

NFRA planning fresh round of inspections of Big Four from March

Insurance ombudsman says it has no data on awards granted

Laid off CXOs are much in demand as companies look to hire execs with proven track record

Auditors should engage with stakeholders to gather input, says CAG Murmu

SEBI makes right moves for ease of mutual fund business

International News:

Why AI can be accountants' next big pivot

Useful Forms:

Income Tax Return Forms:

ITR-7:
For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only

Legal Updates:

Income Tax:

The Income-tax (Third Amendment) Rules, 2024 - ITR-7 notified [Notification No.24]

IFSCA:

Section 31 notification pertaining to modifications under SEZ Act and rules

Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC

RBI:

Review of Guidelines - Withdrawal of Circulars

Central Excise:

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on export of Diesel [Notification No.9]

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 [Notification No.8]