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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Union Budget 2017

MCA eForms

ICAI Exposure Drafts

IRDA Exposure Draft

Legal Updates

  • Income Tax
  • IDS, 2016
  • SEBI
  • IRDA
  • Customs
  • DGFT

 


Indian News:

LS clears GST Bills: Focus now on rules, specific rates

Govt services, office freebies may attract GST

Implementing GST Will Be Serious Test For India: Foreign Media

Race for GST: Lok Sabha passes key tax reform bills

ITR form simplified further; e-filing to start from April 1

Insolvency regulator should not be intrusive, but guide market in right direction, Meghwal tells IBBI

To generate better returns, EPFO to break from past practice, invest subscription receipts in liquid MFs

No relief to those who defaulted on 1st IDS installment: CBDT

GST Bills tabled in Lok Sabha: Here’s all you need to know about them

GST rates will have no inflationary impact: Jaitley

Govt seeks powers to levy GST on all rental income

Note ban frenzy now behind, Jan Dhan accounts see brisk withdrawals

Foreign workers can now withdraw retirement corpus when leaving India

GST to be levied on renting, EMI on under-construction property from July 1

Changing rules that force startups to move abroad: DIPP Secretary Ramesh Abhishek

Buses, minis escape cess under GST; India Inc wants a Sept 1 roll-out

Aadhaar can be made compulsory for bank accounts, filing IT returns: SC

Aadhaar cannot be made mandatory for welfare schemes: Supreme Court

New board for indirect taxes to become operational from June 1

Filing I-T returns: Single-page form for income up to Rs 50 lakh

GST: 10 groups set up under senior taxmen to examine issues and report by April 10

FM Arun Jaitley rules out centralized registration for banks under GST

Ten income tax changes that will come in to effect from April 1

CBDT to waive interest liability if tax demand paid in retrospective cases

CAG to audit fallout of demonetisation

India may impose anti-circumvention duty on steel items from 7 countries

CBEC to be renamed as CBIC; to have 101 GST commissionerates

Narendra Modi government eyes new monetary facility to suck up excess cash in the banking system

CBDT forms committee to check absconding income tax officers

PAN to lose its validity? Aadhaar may replace PAN for individuals in future

GST on fast-track, but businesses still not on network

P-notes may take hit on new tax treaties

ICDS provisions to prevail over judicial precedents: CBDT

Income computation & disclosure standards to be applicable from April 2016

FIIs get tax relief for April 11-March 15 period

Grey areas remain for foreign investors on tax issues

Audit is knowledge-based activity: President Mukherjee

Frequent farm-loan waivers affect credit discipline: RBI

Singapore DTAA: India notifies third Protocol

RBI puts 4 public sector banks under watch on asset quality concerns

Sebi eases rules to boost municipal bond market

 

International News:

Revenue recognition standard will require new disclosures

 

Union Budget 2017:

Elders slam Finance Bill, say govt becoming authoritarian

Finance Bill [as passed by Lok Sabha on March 22, 2017]

 


MCA eForms:

Updated on March 29, 2017

 


ICAI Exposure Drafts:

Transfers of Investment Property, Amendments to Ind AS 40, Investment Property
[Last date for comments: April 28, 2017]

Appendix B of Ind AS 21, Foreign Currency Transactions and Advance Consideration
[Last date for comments: April 28, 2017]

Annual Improvements to Ind AS Standards 2014-2016 Cycle
[Last date for comments: April 28, 2017]

 

IRDA Exposure Draft:

IRDAI (Insurance Brokers) Regulations, 2017
[Last date for comments: April 15, 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. and This email address is being protected from spambots. You need JavaScript enabled to view it.]

 


Legal Updates

Income Tax:

DTAA with Singapore - Third Protocol [No.18]

Income Tax (3rd Amendment) Rules, 2017 [No.17]

Guidelines for waiver of interest charged u/s 201(1A) of the Income-tax Act, 1961 [Circular No.11]

Clarifications on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2) of the Income-tax Act, 1961 [Circular No.10]

 

IDS, 2016:

Petitions seeking condonation of delay in making payment of first instalment under IDS, 2016 [Order u/s 119]

 

SEBI:

Exclusively listed companies of De-recognized/Non-operational/Exited Stock Exchanges placed on the Dissemination Board

Circular on Schemes of Arrangement by Listed Entities and (ii) Relaxation under rule 19(7) of the Securities Contracts (Regulation) Rules, 1957

 

IRDA:

Solvency Margin [Circular]

Guidelines on Stewardship Code for Insurers in India

Guidelines and Annexure A

 

Customs:

Amendment to Notification No.12/2012-Customs, dated the 17th March, 2012 [No.10]

Seeks to order provisional assessment on imports of "1,1,1,2-Tetrafluoroethane or R-134a", originating in or exported from China [No.10(ADD)]

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from China [No.9(ADD)]

Amendment to Notification No.12/2012-Customs [No.9]

Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications [No.8]

 

DGFT:

Amendment in export policy of edible oils [No.43]

Amendment in para 2.54 of the Handbook of Procedures, 2015-2020 [Public Notice No.63]

Amendments in Appendix 4J of Hand Book of Procedures 2015-20 and in General Notes for Chemicals and Allied Products of Standard Input Output Norms(SION) relating to Export Obligation Period under Advance Authorizations [Public Notice No.62]

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 [No.42]

Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on Imports and Exports to Democratic People`s Republic of Korea [No.41]