Weekly Newsletter - January 23, 2024
Latest additions to CAalley:
News Update:
Exposure Draft:
International Content:
Legal Updates:
News Update:
Fintech associations exploring ways to incentivise SRO membership
CBDT releases key Direct Tax Statistics through Time-Series data
Sebi firm on FPI ownership norms as deadline looms
Govt raises import duty on gold, silver jewellery findings to 15% from 11%
ICAI enters into MoU with 11 Universities
Govt expands scope of financial services that can be taken up at IFSC
5 GST officials booked for demanding Rs. 5 crore bribe from a Ghaziabad-based businessman
Govt should not cut import duties on parts used in making smartphones: GTRI
Flurry of GST show cause notices heading to businesses for FY19, as deadline ends on Jan 31
Budget 2024-25: Govt may increase capex to propel economic growth
States out of NPS: Corpus will keep getting returns
DGGI has no special power over state GST officials: Jharkhand HC
Centre in no mood to give GST relief to online gaming cos
Sebi to crack down on inflation of IPO subscription, spots such 3 cases
CDSL launches multi-lingual support for a/c statement and chatbots
FPIs breaching exposure levels to reveal ODI holder details
RBI asks Ombudsmen to guide REs addressing recurring customer complaints
‘Auditors must display professional scepticism’: NFRA Chairperson
Employees' payment for canteen services will not attract GST: AAR
Lessor has to pay GST on rent if property is used for commercial purposes
NFRA plans to engage with audit panels of big companies to curb frauds
More action against pre-2018 audit violations likely: NFRA
SEZ units are not exempt from compensation cess under GST
IBC needs further changes for resolution of biz conglomerates: RBI Dy Guv
NCLAT sets aside notice against lenders over liquidation without bids
Sebi penalises individual for violating insider trading rules
[US] IRS adds crypto question to more tax forms
SEC Poised to Adopt Tougher Rules for SPACs
Audit committees in 2024 face rising tax, AI, regulatory challenges: EY
AI is an emerging risk for auditors, new research shows
Exposure Draft:
Consultation paper on proposal to enhance trust in the Alternative Investment Funds (AIF) ecosystem to facilitate Ease of Doing Business measures
[Last date for Comments: February 11, 2024]
International Content:
Revised Ethical Standard 2024
[January 2024]
Legal Updates:
IFSC Notification: Certain Financial Services notified under IFSC Act
Explanatory Circular Explaining the Provisions of The Finance Act, 2023 [Circular No.1]
Advisory: Payment through Credit Card (CC) / Debit Card (DC) and Unified Payments Interface (UPI)
Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism
Amendment of Notification No.19/2022 Customs (NT) dated 30.03.2022 [Notification No.6(NT)]
Amendment of Notification No.18/2023 Customs (NT) dated 30.03.2023 [Notification No.5(NT)]
Exchange Rate Notification No. 04/2024-Cus (NT) dated 18.01.2024 [Notification No.4(NT)]]
