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The alley for Indian Chartered Accountants

CAalley Newsletter dated April 10, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

RBI Master Direction

From the ICAI:

ICAI Announcements

Legal Updates:

Income Tax


News Update:

Indian News:

Liquidated damages in certain cases to draw 18% GST, rules Andhra AAR

CVC asks banks, government departments to send factual report on corruption complaints in one month

GPF rate stays 7.1% for April-June 2023 quarter

Govt to set up 16th Finance Comm in 2023 for Centre-state tax devolution

Govt extends sops for chip, electronics gear by a year

Tax refund scheme for exports may be extended beyond September

Unauthorised investment advisory services: Sebi bans 4 entities from securities markets for 6 months


International News:

UK: Professional bodies challenge government on tax simplification

FASAB issues statement to clarify lease terms

PCAOB Advisers Say Auditors May not be Fully Complying with Expanded Reporting Rule

Acts & Regulations:

RBI Master Direction:

Master Direction on Outsourcing of Information Technology Services

From the ICAI:

ICAI Announcements:

ICAI: Acceptance of certain assignments by the Concurrent Auditor of Bank Branches

FAQs relating to professional ethics of members pertaining to Bank Assignments

Legal Updates:

Income Tax:

Amendments to Jurisdiction u/s 114F [No.17]


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