Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

SEBI Draft

IRDA Exposure Draft

CBEC Draft

Insolvency and Bankruptcy Law Draft

ICAI Exposure Draft

MCA eForms

LLP eForms

ICAI Announcement

Legal Updates

  • Income Tax
  • SEBI
  • Customs
  • RBI

Indian News:

Central Board of Direct Taxes provides on taxation for alternative investment funds

RTI finds RBI has no info on fake notes

Digital payments: Chandrababu Naidu-led panel recommends levy of cash transaction tax on Rs 50,000 and above deals

Sebi Budget note: Cut STT, ease tax rule for debt MFs

SC rejects petition seeking postponement of Budget due to state elections

I-T department confirms tax evasion by Congress leaders

Amended I-T law harsh, prone to misuse by taxmen: Experts

Cash-ban distress leaves scant room for India budget giveaways

POEM rules target shell cos, firms with Rs 50cr sales excluded

CBDT issues ‘guiding principles’ for PoEM determination

Union Budget: Cong. welcomes EC direction to Centre, says democracy requires "level playing" field

Vijay Mallya loan default case: Former IDBI Bank chairman among 8 arrested

Govt considering regulator for electronic payments

Sebi plans changes to norms for key board decisions, disclosures

Budget 2017 may levy new cess to provide social security to coolies

Govt checks cash deposits in last 10 days of note ban

SEBI reviews guidelines for mutual fund ads

Certain GST Council decisions 'illegal', tax officials claim

Cos to file voting results in XBRL mode from Jan 30: BSE

Your assets not hidden from us: I-T dept tells black money holders

Give answers on note ban in writing, an unhappy PAC tells RBI governor

Debt waiver rumours add to MFIs' woes

SEBI reviews rules for removal of firms’ independent directors

GSTN to set up call centre to handle tax queries

India, 29 countries discuss Panama Papers investigations

FinMin agencies find no counterfeit notes in post-demonetisation search operations

System not yet ready for cashless economy, RBI Governor tells PAC

RBI, Customs dept move to plug gaps in exim trade

Sebi mulls further tightening regulations for P-Notes

Pvt educational trusts come under I-T scanner for money laundering

Legal hurdle in I-T action against 32,000 entities

Note ban: I-T writes to RBI; says co-op banks' cash records seriously tampered with

India to levy service tax on freight for imports on delivered basis

GST: Tax evasion up to Rs 2 crore a bailable offence

Start-ups may get relief on ‘innovative’ tag for tax sops

Banks to report cash deposits above Rs 10 lakh to I-T

Banks to report cash payment of Rs 1 lakh on credit card bills to I-T Dept

‘Banks should be given sops for NPA provisions’

SEBI amends commodity norms to allow options

No TDS or advance tax credit for disclosure under PMGKY: Govt

Search operations no bar under Income Declaration Scheme-2

Only cash, deposits can be declared under PMGKY

Centre will take steps to prohibit transaction of benami realty: Naidu

Budget 2017: Arun Jaitley may cut MAT along with corporate tax

Budget on Feb 1, no announcements for poll bound states

RBI Governor faces tough questions on demonetisation

Tax breather for foreign investors: All you need to know


SEBI Draft:

Consultation Paper on Amendment to SC(R) (SECC) Regulations, 2012 to enable Commodity Derivatives Exchanges to Deal in Instruments relating to Commodity Derivatives including Options
[Last date for comments: January 31, 2017]


IRDA Exposure Draft:

Stewardship Code for Insurers in India
[Last date for comments: February 15, 2017]


CBEC Draft:

Master Circular on Show Cause Notice, Adjudication and Recovery
[Last date for comments: February 15, 2017]


Insolvency and Bankruptcy Law Draft:

Report of the Working Group on Information Utilities
[Last date for comments: February 7, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.]


ICAI Exposure Draft:

Recognition of Deferred Tax Assets for Unrealised Losses
(Amendments in Ind AS 12, Income taxes)

[Last date for comments: February 20, 2017]


MCA eForms:

Updated on January 25, 2017


LLP eForms:

Updated on January 25, 2017


ICAI Announcement:

Withdrawal of the Accounting Standard AS 30, Financial Instruments: Recognition and Measurement, AS 31, Financial Instruments: Presentation, AS 32, Financial Instruments: Disclosures


Legal Updates

Income Tax:

Transfer of unlisted shares by SEBI registered Category I & II AIFs - Directions

Corrigendum to Circular No.1/2017 on TDS under section 192 of Income-tax Act, 1961 [Corrigendum 1/2017]

Guiding Principles for determination of Place of Effective Management (POEM) of a Company [Circular No.6]

Measures for reducing litigation - Clarification on Circulars 21/2015 & 8/2016 [Circular No.5]

Transfer Pricing Circular kept in abeyance for the time-being [Circular No.4]

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 [Circular No.2]

Procedure for registration and submission of statement of financial transactions as per section 285BA [No.1]



Fair and transparent access to data feeds of the stock exchanges

Criteria for Eligibility, Retention and re-introduction of derivative contracts on Commodities



Further amendment to Notification No.153/93- Customs dated 13th August, 1993 [No.1]

Rate of exchange w.e.f. January 20, 2017 [No.5(NT)]

Seeks to extend the levy of anti-dumping duty, imposed on Nylon Filament yarn originating in or exported from China PR, Chinese Taipei, Malaysia, Indonesia, Thailand and Korea R.P. [No.4(ADD)]

Seeks to extend the levy of anti-dumping duty, imposed on Saccharine originating in or exported from China PR under Notification No.7/2012-Customs (ADD) dated 13.01.2012 [No.3(ADD)]

Import of Point of sale (PoS) terminal devices,its cells and batteries and labelling requirements thereof [Circular No.3]



Master Directions on Access Criteria for Payment Systems