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The alley for Indian Chartered Accountants

CAalley Newsletter dated September 20, 2022

Latest additions to CAalley:


Indian News

International News

Income Tax Forms:

Income Tax Return

Income Tax Form

Exposure Draft:

ICAI Exposure Draft

Legal Updates:

Income Tax





Indian News:

Consultations on windfall tax an ongoing process: Oil Ministry

New foreign trade policy likely to be announced on September 29

IBBI fixes timelines for the liquidation process to reduce delays

Cosmetic ayurved products face higher 18% GST: AAR

Criminal Procedure (Identification) Act 2022: Govt notifies rules for safeguard against misuse, violation

Das flags concerns on digital lending including usurious rates, data privacy issues

RBI asks urban cooperative banks to appoint compliance chiefs by April 2023

Banks alert customers about mobile banking malware targeting over 200 apps

UIDAI pushes for robust authentication system

Will debit, credit card e-mandates get affected after tokenisation?

Ahead of IDBI privatisation, Centre working on tightening disclosure rules

Make disclosure of donations worth over Rs 2,000 mandatory: Election Commission writes to govt

Now you can get NPS withdrawal money within 3 days: PFRDA

NPS: 4 latest rule changes NPS subscribers, pensioners must know

GST Council meet may be postponed to October

NFRA debars CA for five years, imposes ₹5 lakh penalty

Sebi comes out with framework for social stock exchange

Centre notifies Identification Act, poised to give cops access to biometric data

Poll panel seeks transparency in political funding

RBI introduces compliance function for UCBs in Tier-3 and 4 categories

IEC: How to obtain Import Export Code and what it entails

Govt asks states to refund levies to promote exports

India spending forex reserves at quicker pace than during taper tantrum

IBBI allows bankrupt companies to be split, boost for recovery of due

How governance tokens are expected to be a game changer in the digital assets ecosystem

Govt working on GST on crypto transactions, defining legal framework

Norms to speed up work of consumer courts on the anvil



International News:

FASAB seeks comments on proposal related to reimbursable work agreements

Most CFOs say controllership not ready for digital future

Accounting Profession Not Ready for ESG Measuring and Reporting, Says PICPA


Income Tax Forms:

Income Tax Return:

ITR-A - For successor entities to furnish return of income under section 170A consequent to business reorganisation


Income Tax Form:

Form No. 52A (Revised)


Exposure Draft:

ICAI Exposure Draft:

AS 113, Fair Value Measurement
[Last date for comments: October 18, 2022]


Legal Updates:

Income Tax:

The Income-tax (31st Amendment) Rules, 2022 - Form ITR-A - Modified Return of Income to be furnished by a successor entity to a business reorganisation [No.110]



Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks



Framework on Social Stock Exchange

Validation of Instructions for Pay-In of Securities from Client demat account to Trading Member Pool Account against obligations received from the Clearing Corporations



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