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Daily Newsletter - September 27, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

MCA eForms

Acts & Regulations:

SEBI Master Circular

Legal Updates:

Income Tax





News Update:

Indian News:

Not disclosing foreign shares, investments, assets in your ITR can lead to penalty of Rs 10 lakh

Dream11 challenges ₹40,000 Cr GST evasion notice in Bombay High Court: Report

Centre extends RoDTEP scheme till June 30 amid faltering exports

Nominee rule changed for trading accounts; demat account nomination deadline extended

52nd meeting of GST Council to be held on October 7 at Vigyan Bhawan

CBDT extends safe harbour option to convertible preference shares

DGGI raises Rs 55,000-crore tax demand from Dream11, other online gaming companies

Income-tax appellate tribunal relief for TCS over use of 'Tata' brand name

FCRA registered NGOs will have to give details of assets created using foreign funds

Fraud tag on small trades: Sebi moves SC

NFRA says biggest focus is to ensure that auditors do their job properly


International News:

75% of companies unprepared for coming ESG audits: KPMG

PCAOB fines BDO USA $2M over audit violations

KPMG could face ‘record’ fines over Carillion audits

Useful Forms:

MCA eForms:

MCA eForms [Updated as on September 27, 2023]

Acts & Regulations:

SEBI Master Circular:

Master Circular for Merchant Bankers [Issued on September 26, 2023]

Legal Updates:

Income Tax:

Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962, for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (I) of section 197 of the Income-tax Act, 1961 through TRACES [Notification No.2/2023]

The Income-tax (Twenty first Amendment), Rules, 2023 - Amendment to Rule 11UA(2) - Safe Harbour Rules and computation of Fair Market Value [Notification No.81]



Advisory: Temporary /Short Period Pause in e-Invoice Auto Population into GSTR-1

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017 to implement decisions of the 50th GST Council [Notification No.13/2023- Integrated Tax (Rate)]

Seeks to amend notification No. 09/2017- Integrated Tax (Rate) dated 28.06.2017 to implement decisions of the 50th GST Council [Notification No.12/2023- Integrated Tax (Rate)]

Seeks to amend notification No. 8/2017- Integrated Tax (Rate) dated 28.06.2017 to implement decisions of the 50th GST Council [Notification No.11/2023- Integrated Tax (Rate)]

Seeks to amend Notification No. 30/2023-CT dated 31st July, 2023 (special procedure to be followed by a registered person engaged in manufacturing of certain goods) [CGST Notification No.47]



Extension of timelines (i) for nomination in eligible demat accounts and (ii) for submission of PAN, Nomination and KYC details by physical security holders; and voluntary nomination for trading accounts



Extension of RoDTEP scheme for exports made from 01.10.2023 [Notification No.33]



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