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The alley for Indian Chartered Accountants

Daily Newsletter - May 26, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

Legal FAQs - Income Tax

Useful Forms:

Income Tax Return eFiling Utilities

Exposure Draft:

CBDT Draft

Legal Updates:

Income Tax

GST

IBBI

SEBI

DGFT

Customs


  

News Update:

Indian News:

NCLAT sets aside NCLT order on Zee-Sony merger

Sebi to issue mutual fund light regulations for passive funds; seeks to ease compliance burden

Govt. trying to link TCS on overseas spends to local TDS to smoothen cash flows: CEA

CBIC extends April GST return filing deadline for Manipur biz till May 31

Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT

Investment in start-ups from 21 nations will be exempt from angel tax

If you don't reply to income tax dept's queries, ITR likely to be picked for full scrutiny: CBDT

Tax dept to act on specific evasion data

SBI penalised for sending bills to man despite credit card's expiry

10,000 Fake GST Registrations Identified As Government Intensifies Crackdown On Tax Violators: Report

SEBI tightens reporting requirements for offshore funds

Sebi mulls prohibiting differential rights to AIF investors

  

International News:

 ICAEW: New risks revealed in the traditional banking model


Reference Section:

Legal FAQs - Income Tax:

Liberalised Remittance Scheme (LRS) FAQs


Useful Forms:

Income Tax Return eFiling Utilities:

Validation Rules for ITR 1 to ITR 4

Income Tax Return eFiling Utilities for ITR 3


Exposure Draft:

CBDT Draft:

Draft Rule 11UA regarding Method for Computation of Fair Market Value of Unquoted Equity Shares for the purposes of section 56(2)(viib) of the Income-Tax Act, 1961
[Last date for Comments: June 5, 2023] 


Legal Updates:

Income Tax:

Leave encashment limit for non-govt employees notified [Notification No.31]

Conditional exemption from section 56(2)(viib) - Calculation of Fair Market Value of shares [Notification No.30]

Investment from 21 countries to be exempt from angel tax [Notification No.29]

  

GST:

Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 onwards [Instruction No.2]

GST Due Date extension - 3 notifications for Manipur

  

IBBI:

NCLT Order regarding production of Information Utilities Record

  

SEBI:

Model Tripartite Agreement between the Issuer Company, Existing Share Transfer Agent and New Share Transfer Agent as per Regulation 7(4) of SEBI (LODR) Regulation, 2015

  

DGFT:

Amendment under Interest Equalisation Scheme [No.5]

  

Customs:

Clarification on Classification of product DHA Algal Oil [Instruction No.18]


 

 

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