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The alley for Indian Chartered Accountants

CAalley Newsletter dated April 7, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

From the ICAI:

ICAI Announcement

Legal Updates:

Income Tax






News Update:

Indian News:

AAR: Lower 12% GST for services linked to flat construction

Customs waives demurrage, interest as technical glitch leads to clearance delays

Sebi asks investment advisers to display info prominently in advertisements

Sebi clarifies on shareholders' approval for directors appointment on listed PSUs boards

Centre notifies committee on pension schemes for govt employees

GSTN performance improved steadily over time: Report

EY India services to firm's overseas entities not liable to tax, rules Delhi High Court

Residency proof enough for Mauritius treaty benefit: HC

RBI allows rupee non-deliverable forex derivative contracts to residents

Your PPF, NSC, other post office investments will be frozen if Aadhaar is not given by this date

Finance minister Sitharaman defends imposing fine for not linking PAN with Aadhaar

‘Faceless’ income-tax asks Madhya Pradesh youth to pay Rs 113 crore as tax

RBI proposes expanding UPI digital payments system to allow credit

RBI to set up portal to search across multiple banks for unclaimed deposits

No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022

Credit Information firms to compensate for delayed updations: RBI

Employers must seek employees preferred tax regime for deducting TDS: CBDT

Sebi issues code for ads to rein in 'finfluencers'

RBI should prioritise inflation over growth, say FinMin officials


International News:

Banks Face Tough Accounting Questions as Second Quarter Dawns

Int'l banking system is headed for more trouble, says Raghuram Rajan

FASB chooses single software accounting model

From the ICAI:

ICAI Announcement:

Technical Guide on Disclosure and Reporting of Key Performance Indicators (KPIs) in Offer Documents

Legal Updates:

Income Tax:

Clarification regarding Employee's Preferred Tax Regime before TDS under section 192 read with section 115BAC(IA) of the Income-tax Act, 1961 [Circular No.4]



APConnect - Online application for Full Fledged Money Changers and non-bank Authorised Dealers Category-II



Usage of brand name/trade name by Investment Advisers (IA) and Research Analysts (RA)



Exchange rate Notification No. 26/2023-Cus (NT) dated 06.04.2023 [No.26(NT)]

Seeks to extend levy of ADD on Fishing Net originating in or exported from China PR [No.3(ADD)]

Customs (Waiver of Interest) Order, 2023 [Order No.1]



Streamlining of Halal Certification Process for Meat and Meat Products [No.3]

Issuance of EODC for AA and EPCG process from DGFT portal [No.1]


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