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The alley for Indian Chartered Accountants

Daily Newsletter - May 31, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:


Exposure Draft:

SEBI Exposure Draft

Legal Updates:

Income Tax





News Update:

Indian News:

Deloitte flags Adani Port transactions citing 'insufficient disclosures'

Sebi proposes enhanced disclosure requirements for high-risk FPIs

RBI Dy Guv calls for better risk management, governance at banks

Amfi to form ethics panel to curb misconduct in asset management companies

‘HTM bond sales to hurt banks, but not as badly as in U.S.’

Regulators step up scrutiny ahead of review by global money laundering watchdog

Income Tax department notifies e-appeals scheme to ensure electronic filing

RBI plans new payment system to safeguard essential payments against digital attack, natural calamities

‘Sebi fee review to make a big dent in MFs’ profits’


International News:

IPSASB issues package of measurement-related pronouncements

Reference Section:


Regular visitors of the previous versions of CAalley have been asking us to upload the articles that were published at that time.
We have published a few handpicked ones which can be referred to even today conceptually.
Hope you all find it helpful.

To read articles, click here

Exposure Draft:

SEBI Exposure Draft:

Consultation Paper on Framework for mandating additional disclosures from FPIs that fulfil certain objective criteria
[Last date for Comments: June 20, 2023] 

Legal Updates:

Income Tax:

Income Tax Seventh Amendment Rules, 2023 - Amendment of Rule 11AA [No.34]

e-Appeals Scheme, 2023 [No.33]

Income Tax Sixth Amendment Rules, 2023 - Amendment to Form No.35 [No.32]



Advisory on Filing of Declaration by GTA opting to pay tax under forward charge mechanism



Post Office Saving Schemes: Income Proof mandatory for Investments over Rs.10 lakhs



Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories



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