CAalley Newsletter for the week ending February 15, 2023
Latest additions to CAalley:
News:
Indian Exposure Drafts:
International Exposure Drafts:
Acts & Regulations:
Useful Forms:
From the ICAI:
Legal Updates:
News Update:
Early availability of ITR forms to enable return filing from April 1: CBDT
FM Sitharaman exhorts exporters to 'foresee' impact of global slowdown, engage with govt
Several banks open special vostro accounts for overseas trade in rupee
States offer tax incentives for scrapping old vehicles
SEBI okay with regulated short selling, probing Hindenburg allegations against Adani
Reserve Bank announces second global hackathon, winner to get Rs 40 lakh
Will use property tax data, electricity bill to increase GST base: CBIC Chairman
MCA21 glitches: Sitharaman reviews matter; directs setting up special team to address grievances
Loans on debit cards to be governed by digital lending guidelines: RBI
CBDT releases ITR forms for FY 2022-23 (AY 2023-24)
Centre open to a panel review of investor protection regime
PSBs write off Rs 29,000 cr in Q3FY23 as part of a clean-up exercise
Too early to gauge spillovers of central bank digital currency: Sitharaman
Crypto, web3 sectors need global ties for effective regulation: FM
CBIC says won't object to taxpayers going to HC in absence of GSTAT
GST compensation to some States delayed due to lack of AG certificate: Sitharaman
Why has SEBI proposed tightening responsibilities of mutual funds trustees?
RBI rejects RTI seeking information on its correspondence with govt
MCA likely to include tech experts in digital competition law panel
SEBI plans forensic audit of mutual funds
Sebi issues consultation paper on role, obligations of mutual fund trustees
RBI to share whitelist of digital loan apps soon
RBI updates 'Alert List' of entities not authorised to deal in forex trade
Unbranded namkeen products to attract 12% GST, not 5%, rules Gujarat AAR
No updated tax returns after facing searches by I-T department
Over 10,000 e-gamers get I-T notices
GST Council will decide on cement tax rate after expert study, says CBIC
New tax regime sops may cut donations
Govt asks blocked lending apps to submit documents proving legality
No rationalisation of GST structure for now: Revenue Secretary
Sebi eyes new rules for listed bonds
FM Nirmala Sitharaman urges IMF to develop globally coordinated approach to crypto asset regulations
RBI to frame guidelines on penal charges for default in loan servicing
Reserve Bank announces guidelines on climate risk, sustainable finance
Govt asks Irdai, insurance firms to address issues to reduce pending cases
India’s audits are increasingly focusing on cyber security: CAG
Auditing of local bodies key as India aims to touch $5 trn economy: CAG
Govt mulls modified valuation norms for taxing foreign investments in cos
New SEC Rules Target Corporate Insider Trading
Audit Committees are Increasingly Tasked with Additional Areas of Oversight, Survey Finds
FASB to Issue One New Accounting Standard and Three Proposals This Quarter
AICPA’s Auditing Standards Board Votes to Finalize Proposed Group Audits Standard
KPMG Canada falls short in audit inspection report from US audit watchdog
Indian Exposure Drafts:
Settlement of Contractual Disputes
Last date for Comments: March 8, 2023]
Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees
Last date for Comments: February 24, 2023]
International Exposure Drafts:
Additional Proposal for Implementation Guidance Update—2023
Last date for Comments: March 10, 2023]
Future financial services regulatory regime for cryptoassets - Consultation and call for evidence
Last date for Comments: April 30, 2023 to be sent to
Acts & Regulations:
Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023
Useful Forms:
A Primer on the Concept of Social Stock Exchange
Legal Updates:
The Income-tax (Second Amendment) Rules, 2023 - ITR 7 notified [No.5]
The Income-tax (First Amendment) Rules, 2023 - ITR Forms notified [No.4]
Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.9(NT)]
Re-assignment of 185 Appeal cases pending in Thiruvananthapuram zone [Order No.1]
Amendment in Export Policy of Biomass [No.58]
Enlistment of PSIA under Para 2.55 of Handbook of Procedure 2015-2020 [Public Notice No.56]
