Weekly Newsletter - June 11, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
ITR eFiling Utilities for AY 2024-25
Legal Updates:
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News Update:
Sebi to launch verified UPI IDs for intermediaries
RBI said to use cash reserve ratio as active liquidity tool
Fake finfluencers misleading common man: What is SEBI doing to rein in the menace and is it enough?
SEBI issues ₹5.35-crore demand notice to OPG Securities, others in NSE co-location case
New ITR Utility: Is landlord’s PAN card needed for claiming HRA while filing income tax return?
Govt considering scheme to help MSME exporters register goods in new markets: Goyal
RBI to stop daily variable rate repo auctions on surplus liquidity
RBI may frame rules to curb mis-selling by banks: Dy guv M Rajeshwar Rao
Sebi probes Jane Street's derivative trades over 3 years: Sources
ITR Filing 2025: These individuals are exempt from paying income tax. Should they file ITR?
Creating Indian peers for Big Four: PMO holds high-level meeting
RBI's T Rabi Sankar joins 16th Finance Commission as part-time member
GST returns to become time-barred after 3 years starting July tax period
Self-audit within 3 mths: CCPA's advisory to ecom firms on dark patterns
Infosys gets relief as DGGI drops Rs 32,403 crore GST demand notice
No plans to raise foreign ownership cap in banks beyond 15%: RBI Governor
RBI reschedules next MPC meeting to August 4–6; cites administrative exigencies
RBI eases gold loan 'value' norms for small borrowers
RBI to cut CRR by 100 bps in four tranches to boost liquidity, effective Sept
RBI MPC opts for a 'jumbo' rate cut to bring repo rate down to 5.5%, switches to neutral gear
Irdai chief post vacant since March, reforms stall
Sebi clears IPOs worth Rs 20k crore after listing lull
PSU banks to set up common platform for debt recovery
RBI may introduce bank-like rate norms for NBFCs to plug policy gaps
EPF withdrawals via ATM, instant UPI as EPFO 3.0 likely to roll out in June 2025
ICAI to review fin statements of IndusInd
Sebi tightens derivatives rules to protect investors and improve market discipline
Govt extends income tax returns filing deadline to September 15, 2025 from July 31
Customs authorities impose Rs 2.76 cr penalties on IndiGo; airline to appeal against orders
NPCI issues new API guidelines for UPI ecosystem members to prevent outages
Sebi fines MCX Rs 25 lakh over lapses in disclosing payments
How RBI earns profit, decides dividend: Explained
RBI seeks approval for overseas Rupee lending to neighbours, say sources
Is a fraud pandemic around the corner?
Firms should start auditing AI algorithms
PCAOB offers advice on auditing accounting estimates amid SEC concerns
Russia cuts interest rate by 100 bps from 20-year high; warns tight policy will stay
Exposure Drafts:
Exposure Drafts of updated Forensic Accounting and Investigation Standards (FAIS) and its Implementation Guide
[Last date for Comments: June 19, 2025]
Draft Circular on FAQs related to regulatory provisions for Research Analysts
[Last date for Comments: June 30, 2025]
Revised Draft Revamped Regulatory Framework for Global Access in the IFSC
[Last date for Comments: June 9, 2025]
Draft Circular on ‘Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025
[Last date for Comments: June 6, 2025]
RBI Draft Circular on ‘Updation/ Periodic Updation of KYC– Revised Instructions’
[Last date for Comments: June 6, 2025]
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
The following ITR eFiling Utilities have been released:
ITR 1
Excel Utility
Schema
Validation Rules
ITR 4
Excel Utility
Schema
Validation Rules
ITR eFiling Utilities for AY 2024-25:
Utility for ITR 5 has been updated
Legal Updates:
Amendment to Schedule 80IE [Notification No.51]
Amendment to Schedule 80IE [Notification No.50]
Advisory: System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers
Advisory: Barring of GST Return on expiry of three years
Advisory: Non-editable of auto-populated liability in GSTR-3B
The Companies (Audit and Auditors) Amendment Rules 2025
The Companies (Accounts) Second Amendment Rules, 2025
The Companies (Registration Offices and Fees) Amendment Rules 2025
The Companies (Cost Records and Audit) Amendment Rules 2025
The Companies (Management and Administration) Amendment Rules 2025
NCLT Order in the matter of Gensol Engineering Limited & ors
Revised Forms for Corporate Insolvency Resolution Process (CIRP)
Participation of Payment Service Providers (“PSPs”) in international payment systems
Amendments to the ITC(HS) codes for the import of Gold and Silver through IIBX
Large Exposures Framework – Amendment in the list of exempted exposures
RBI (Lending Against Gold and Silver Collateral) Directions, 2025
Maintenance of Cash Reserve Ratio (CRR)
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
Review of Qualifying Assets Criteria
Standing Liquidity Facility for Primary Dealers
Liquidity Adjustment Facility - Change in rates
Reporting on FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles
Margin obligations to be given by way of Pledge/Re-pledge in the Depository System
Investor Charter for Research Analysts
Investor Charter for Investment Advisers
Measures for Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
Final Settlement Day (Expiry Day) for Equity Derivatives Contracts
Amendments to Para 4.41(5) of FTP-2023 [Notification No.12]
