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CAalley Newsletter dated January 16, 2023

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Latest additions to CAalley:


Indian News

Budget News

Reference Section:


From the ICAI:

Standards on Quality Control (SQCs)

Legal Updates:



News Update:

Indian News:

Amendments to competition law likely in Budget Session

India hopeful rupee trade with Russia will pick up in future: Govt official

Govt may offer low-cost credit to small retailers, ease rules: Officials

Markets to shift to T+1 settlement system from January 27: Report

Union Minister Piyush Goyal pitches for startup database in country

The changes in Sebi’s complaints redressal system

CBIC gives clarification on GST on SUVs

Pending deal approvals: Industry participants flag lack of quorum at CCI

GST not payable on Govt incentive to banks for promoting RuPay card

Customs dept monitoring toy imports, newer modus operandi adopted: CBIC

Sebi mulls allowing PE funds to become sponsor of mutual fund house

Cryptos are nothing but gambling, their value only make-believe: RBI governor

Sebi bans three entities from securities market for insider trading activities


Budget News:

Budget 2023: ‘New’ I-T regime may add some exemptions

Aware of middle class issues: Finance Minister Nirmala Sitharaman ahead of Budget

Need clarity in non-residents’ tax under SEP norms: Experts


Reference Section:


Simplifying your job search
[Written by The CAalley team]


From the ICAI:

Standards on Quality Control (SQCs)
(Auditing Standards):

Social Audit Standards (SAS) 100 to 1600
[Effective from January 14, 2023]

Technical Guide on Digital Assurance
Guide on use of Technology in Auditing]


Legal Updates:


Circular - Sovereign Green Bonds (SGrBs)- Classification and Categorisation


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