Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Income Tax Return Forms for A.Y.2017-18

MCA eForms

Legal Updates

  • Income Tax
  • MCA
  • Insolvency & Bankruptcy Law
  • IRDA
  • DGFT
  • RBI


Indian News:

Income Tax return leaked, Information Commission orders inquiry

New CBEC chief wants officers to speed up enrolment under GST

Govt removes limits on corporate funds to political parties

All tax data will be completely secure: GSTN

Irda issues cyber security norms of insurers

70% of all goods and some consumer durables to become cheaper under proposed GST regime

Block accounts that do not provide self certification by April 30 for FATCA: CBDT

PAN, TAN to be issued in a day for ease of doing business

Under GST, if a person abstains from a service, he is still liable to pay!

No proposal to review FDI policy in multi-brand retail: Govt

Aadhaar is safe, robust and secure, says IT Minister Prasad

Now, link your Aadhaar with PAN through ID proof scan, OTP

I-T dept issues fresh tax demand of Rs 10,247 cr to Cairn, interest waived

Nationwide Income Tax, ED raids only on basis of information, proof: Jayant Sinha

More crackdown against black money planned after detection of tax evasion

Govt examining report on shifting of financial year: Jaitley

Sebi provides clarity on insider trading norms

Rajya Sabha passes all four GST bills without amendments

RBI enables faster money transfer by finetuning NEFT framework

RBI hikes capital requirement for ARCs to Rs 100 crore

Loan waiver schemes undermine honest credit culture: Patel

RBI surprises with reverse repo hike

5 key takeaways from RBI's first bi-monthly policy statement, 2017-18

Exporters want RBI, govt to keep a constant eye on rupee movement

Banks want RBI to relax norms for loans to highly indebted firms

CBEC protest now turns pro-GST

CAG finds lapses in corporate governance by CPSEs

Expats who stayed in India for 182 days or more must apply for Aadhaar

I-T returns: Aadhaar rules only for resident Indians

Ban on cash dealings not applicable for bank, post office withdrawals

Claiming HRA to get harder as govt cracks down on fake house rent receipts

Last-minute hiccups in way as GST roll-out deadline nears

Mandatory Aadhaar for filing income tax returns challenged in SC

As Narendra Modi government gets set to crack GST whip on tax evaders, India Inc voices concern


International News:

Data Analytics Internal Audit - Provity Survey 2017
[Submitted by CA. Ramachandran Mahadevan]

GAO proposes revisions to government auditing standards

How to Lessen the Risk of Financial Reporting Fraud


Income Tax Return Forms for A.Y.2017-18:

Excel & Java Utilities and Instructions published till date

MCA eForms:

Updated as on April 11, 2017


Legal Updates

Income Tax:

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules, 1962 under alternative procedure of FATCA [Press Release]

CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business [Press Release]

Applicability of section 269ST [No.28]

The Income –tax (Seventh Amendment) Rules, 2017 [No.27]

Revised Rule 19AB and Form 10DA [No.26]

Mandatory Quoting of Aadhaar For PAN Applications & Filing Return of Income only for residents [Press Release]

Clarification regarding cash transactions [Press Release]



Companies (Registration of Charges) Amendment Rules, 2017


Insolvency & Bankruptcy Law:

Commencement of Section for Voluntary Liquidation (S-59) and Information Utilities (209-2016) And S-234, 235 (Agreement with foreign Countries) under IBC, 2016 [SO 1005(E)]



Guidelines on Information and Cyber Security for insurers



Online issuance of RCMC [Trade Notice No.1]



Setting up of IFSC Banking Units (IBUs) – Permissible activities

Systems and Controls for conduct of government banking

Change in Bank Rate

Marginal Standing Facility

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

Interest rates for Small Savings Schemes