Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Economic Survey

IRDA Exposure Draft

MCA eForms

LLP eForms

Legal Updates

  • Income Tax
  • MCA
  • SEBI
  • IRDA
  • Customs
  • RBI
  • DGFT

Indian News:

Survey comes down heavily on govt for propping up Air India

Income Tax Department (ITD) launches Operation Clean Money

Note ban: Survey calls for ‘carrots’ to balance the demonetisation ‘stick’

Economic Survey indicative of reformative Budget: India Inc

In a ‘historic’ first, ex Jharkhand minister Hari Narayan Rai gets 7 years jail in money laundering case

Labour, tax reforms to boost apparel, leather sectors: Survey

Eco Survey: Inter-operability of payments system key to success of digitalisation

Economic Survey bats for Universal Basic Income

Economic Survey 2017 explained in 12 points

Economic Survey 2016-17 highlights

CBDT to send queries to 18 lakh taxpayers

Sebi cautions investors against unauthorised fund raising by firms

I-T begins action under Benami Act; issues 87 notices; attaches 42 assets worth crores

Demonetisation to be discussed in Budget session, says Sumitra Mahajan

RBI lifts caps on daily withdrawals from ATMs, current a/c

SC refuses to hear plea against disclosure of income sources by poll candidates

Mobile wallets may soon have to insure customers' cash

GST protest: Tax officers to wear black bands to work tomorrow

Tax gains may showcase demonetisation windfall

FM may hike service tax to 16-18% in Budget

Top MEA official urges Panama to expedite tax information exchange pact

Govt may make Aadhaar mandatory for rail concession in Budget

Rs 5K cr withdrawn from Jan Dhan a/cs in a mnth post note ban

5,000 suspicious accounts and cash deposits of Rs 1 crore or more under I-T scrutiny

GAAR to come into effect from April 1

Clarity on GAAR to rekindle investor confidence: India Inc

Importers worried over service tax on ocean freight: EEPC

I-T dept has info on black money deposited post demonetisation: AK Jaiswal

Demonetisation: Private entities to analyse, match data with income tax returns

Demonetisation, GST to fetch more revenues to govt: Jaitley

SEBI sets listing rules for exchanges

GST won't lead to job losses at tax dept, assures Jaitley

FM may cut taxes, lack of indirect-tax data may make it tough

CBDT sweetens tax relief for VC and PE funds investing in start-ups

Rail Bhavan misses the buzz of budget

P-Note investments plunge to 41-month low of Rs 1.57 lakh cr in Dec

GST: 70,000 tax officials warn of non-cooperation movement

Irdai wants insurers to have 'clear policy' as investors

No final decision on taxing cash transactions above Rs 50,000: Govt

India to ratify Doha amendment to Kyoto Protocol


International News:

Donald Trump reducing regulatory burden on small businesses

FASB updates goodwill impairment standard

AICPA Publishes New Guide on Revenue Recognition


Economic Survey:

Economic Survey 2016-17


IRDA Exposure Draft:

Proposed IRDAI (Outsourcing of Activities by Indian Insureres) Regulations, 2017 (Revised Draft)
[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. and This email address is being protected from spambots. You need JavaScript enabled to view it.]


MCA eForms:

Updated on January 31, 2017


LLP eForms:

Updated on January 31, 2017


Legal Updates

Income Tax:

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 [Circular No.7]

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 [Press Release]

Explanatory Notes to the Provisions of the Finance Act, 2016 [Circular No.3]



The Companies (Incorporation) Amendment Rules, 2017



Procedures for Exchange Listing Control Mechanism



Formats for publishing financial results as required under the SEBI

Distribution of other financial products by Insurance Marketing Firm [Circular]



Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.8(NT)]

Seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to prescribe a Margin of Preference of 60% under the DFTP scheme [No.2]

The India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017 [No.7(NT)]



Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante

Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force as “Non Co-operative countries and territories”



Amendments in Product Description in MEIS Schedule -Table 2 of Appendix 3 B [Public Notice No.55]

Export Policy of Sandalwood [No.37]