Weekly Newsletter - January 10, 2024
Latest additions to CAalley:
News Update:
Reference Section:
Exposure Drafts:
Acts & Regulations:
International Content:
Legal Updates:
News Update:
Delta Corp says Rs 23,200 crore-GST demand arbitrary
NFRA imposes Rs 20 lakh penalty on CA for professional misconduct
Commerce ministry sets up task force to resolve trade issues for exporters
Tax and disclosure norms: NRIs asked to state number of days spent in India
NFRA plans annual auditor checks
ICICI hiring 30 investment bankers on expectations of record fundraising
SC seeks govt's response on pleas by online gaming cos challenging 28% GST
Indian bonds may be included in Bloomberg EM index from September
GST authorities drop ₹7.08 crore service tax demand on Competition Commission
Indian tax payers migrating to higher range of total gross income: SBI Research report
Budget 2024: Rebate under new income tax regime may be hiked to Rs 7.5 lakh
29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Finance ministry
No e-way bill sans e-invoice details from March 1
SEBI allows short-selling by all investors; F&O stocks also eligible
IRDAI eases norms for insurer investment in infrastructure debt funds
RBI says Rs 2,000 notes can be exchanged through post offices as well
PFRDA seeks tax parity for NPS contributions with PF contributions
Audit regulator NFRA slaps Rs 50 lakh penalty on chartered accountant for lapses
RBI gives clarity to 'politically exposed persons' term to meet FATF norms
NPS account opening rule change: eNPS for Government Sector, who can use it, process and more
Large merchants may have to pay reasonable fee on UPI payments: NPCI chief
RBI directs issuers to specify utilisation of funds raised via NCDs, CPs
Centre, SEBI will regulate short selling, Solicitor-General tells Supreme Court
LIC receives GST demand notice of Rs 663 crore from Chennai tax officials
EPFO extends deadline till May 31 for employers to upload pension details
GASB guidance expands risk-related reporting requirements
IIA releases global internal audit standards
Global economy will slow for a third straight year in 2024: World Bank
World Bank keeps India's FY25 GDP growth estimate unchanged at 6.4%
IAASB plans tweaks to auditing standards
PwC's 2023 annual report: What you need to know
Grant Thornton demoted from top tier of audit supervision after cutting high-profile clients
UK accounting watchdog urged to raise threshold for enforcement action
Reference Section:
Customs Duty Drawback Rates for 2023-24
Exposure Drafts:
Consultation paper on additional proposals regarding framework for issuance of subordinate units - REITs and InvITs
[Last date for Comments: January 31, 2024]
Acts & Regulations:
Master Direction - Know Your Customer (KYC) Direction, 2016 [Updated]
International Content:
Global Internal Audit Standards
[Published by The Institute of Internal Auditors in January 2024]
Segment Reporting (Topic 280)
Improvements to Reportable Segment Disclosures
[November 2023]
Legal Updates:
Notification u/s 10(4G) of the Income tax Act 1961 [Notification No.4]
Seeks to rescind Notification No. 30/2023-CT dated 31 st July, 2023 [CGST Notification No.3]
Corrigendum to notification no 01/2024-Integrated Tax(Rate) dated 03.1.2024
Corrigendum to notification no 01/2024-Integrated Tax(Rate) dated 03.1.2024
Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
Amendment to the Master Direction on KYC
Compliance with MoRTH notifications in view of the Motor Vehicles (Amendment) Act, 2019
Investments in Infrastructure Debt Funds - NBFC
Submission of Advance Reinsurance Programme
Exchange Rate Notification No. 01/2024-Cus (NT) dated 04.01.2024 [Notification No.1(NT)]]
