Daily Newsletter - April 28, 2023
Latest additions to CAalley:
News Update:
Legal Updates:
News Update:
India wants non-financial assets included in OECD info exchange framework
Rs 11 crore seized in income tax searches on steel company
NFRA examines proposals on new standard for accounting of insurance contracts viz. Ind AS 117
LIC front-running case: Sebi bans three individuals, two entities from stock market
ITAT: Tax relief on builder-paid rent in redevelopment projects
RBI removes restrictions on individuals from opening interest-earning FCAs
Coffee Day audit lapses: NFRA slaps Rs 1.15 cr fine on 2 auditors, 1 audit firm
FinMin considering classifying online games as games of skill, chance
SC asks tax tribunals to ensure appeals are e-filed
FRC: KPMG audit failings at The Works exacerbated by Covid-19
KPMG fined £1mn over ‘rudimentary’ failures in TheWorks audit
Legal Updates:
Master Circular for Custodians
Amendment in details of an authorized agency under Appendix 2E of FTP, 2023 [Public Notice No.11]
Amendment of Notification No.18/2023 Customs (NT) dated 30.03.2023 [No.31(NT)]
Amendment of Notification No.19/2022 Customs (NT) dated 30.03.2022 [No.30(NT)]
Seeks to amend Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003 [No.20]