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The alley for Indian Chartered Accountants

CAalley Newsletter dated September 15, 2022

Latest additions to CAalley:


Indian News

International News

Legal Updates:

Income Tax






Indian News:

Boards of PSEs can now take call on stake sale in units, joint ventures

SBI says it's not a nodal bank for Russia-related transactions

Cos look to cut China ties, Derisk supply chains with 'friendshoring'

NRIs can pay utility bills using Bharat Bill Payment System

PSU units' privatisation to require extensive due diligence, clearance

National Financial Reporting Authority planning audit advisories

Govt to provide subsidy to set up EV-charging infra, says power secy

Explained: Why depreciating rupee hasn't boosted India's exports

FSDC stresses on the need to monitor India's financial sector risks

State Bank of India ready to open rupee trade account with Russian banks

Govt integrates Udyam registration platform with job portal NCS

Central GST evasion: Mumbai firm booked for availing Input Tax Credit on bogus invoices

Accounting, audit firms can instill trust among investors to help cos raise money: NFRA chairman

Sebi cracks down on unauthenticated news circulation by intermediaries

IBBI to fix minimum fee slabs from Oct 1 for insolvency professionals

Scrap bank guarantees (BGs) to free up more working capital: Telcos to Trai

Centre upbeat on Rs 1.5-trillion GST revenue every month from October

India is counting on debut sovereign green bond to lower financing costs

Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary

Loan waiver not a benefit, banks exempt from 10% TDS on OTS: CBDT clarifies

IBM India joins chorus on moonlighting; calls it unethical

Sebi to look at price gaps before & at IPO

Govt reducing compliances in food processing sector: Union minister Prahlad Singh Patel

Indian citizen pleads guilty in first-ever cryptocurrency insider trading case in the US



International News:

FASB Moves Forward With New Disclosure Requirements for Joint Ventures

IFAC sets out anti-corruption guidance for accountants



Legal Updates:

Income Tax:

The Income-tax (30th Amendment) Rules, 2022 - Form 52A [No.109]




Companies (Specification of Definition details) Amendment Rules 2022




Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments




Seeks to amend RoSCTL notification [No.76(NT)]

Seeks to amend RoDTEP notification [No.75(NT)]

Transhipment through India of containerized export cargo of Bangladesh destined for third countries using Riverine and Land routes [Circular No.19]



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