Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

Budget News

MCA eForms

ICAI ITFG Clarification

ICAI Exposure Draft

Acts & Regulations: DTAAs

Legal Updates

  • Income Tax
  • GST
  • MCA
  • IBBI
  • SEBI
  • RBI
  • Customs


Indian News:

CA institute seeks one more disciplinary committee Bench

Finance Ministry proposes to allow premature closure of PPF account

GST will replace VAT, excise duty on crude oil: Pradhan

GST revenues likely to cross Rs 1 L cr a month post anti-evasion steps

RBI withdraws SDR, S4A, sets banks 180-day timeline for bad loan resolution

I-T raid cases not to be processed under e-assessment system: CBDT

GST not tax-friendly, put requisite mechanism in place: Bombay HC to govt

EPFO sells a portion of equity to maintain 8.65% interest rate

Sebi revamps Secondary Market Advisory Committee

IBC has changed the way banks, firms work: Sanyal

GST return simplification to end traders’ woes likely before March 31

GST will aggravate India’s huge tax litigation problem

‘Jurisdiction-free e-assessment welcome, but should be introduced in a phased manner’

Banks opposed to changes in MCLR calculation: Reserve Bank of India

Sebi now looks to curb benami deals

Eight tax officers to handle GST-related queries on Twitter

Here's why the new order by Indian bourses may spook foreign investors

RBI to get another liquidity management tool in standing deposit scheme

SBI wrote off bad loans worth Rs 20k cr last FY

Rules on 25% fund-raising via corporate bonds by Sept: SEBI

Rules on cryptocurrencies and role of regulators to be out soon: Sebi chief

Don't hunt for ready-made solutions: IBBI chief to insolvency resolution pros

RBI and Sebi need to be cognizant of stock market bubble risk: Urjit Patel

SEBI can now go after even ‘small schemers’

'I-T refund scam accused not CA'

Deposited 'large amount of cash' during note ban? File ITR by March 31

No LTCG tax if you sell shares or mutual fund units before 31 March 2018

RBI to link bank's base rate to MCLR from Apr 1 for loans, borrowers on base rate may benefit

New Sebi norms to bar MFs from dumping investors with 'NAV management' fee

No RBI decision on implementing IndAS yet: deputy governor N.S. Vishwanathan

8 lakh companies on IT dept radar for not filing tax returns

Big setback for Google! Whopping Rs 135 crore fine slapped by Competition Commission of India – Here is why

Protocol amending accord between India, China for DTAA approved

Centre approves amendments in classifying MSMEs

GST exemption limit enhanced to Rs 7,500 for monthly charges paid to a housing society

CBDT signs 7 advance pricing agreements in January

RBI explains reasons behind global stock market sell-off; 3 key takeaways

RBI liquidity operations not meant to manage bond prices: Viral Acharya

RBI keeps policy rate unchanged; flags inflation, deficit


Budget News:

Article: Budget 2018 is an eye wash
[Submitted by CA.Mahesh Kapasi, M. Com., LL.B., FCA, FCMA, FCS, New Delhi]

Shell cos crackdown: Govt removes exemptions from ITR filing

Existing, new PPF deposits continue to have protection: Garg

Businesses claim more tax breaks as accelerated depreciation than all deductions by individuals

MAT relief for companies facing insolvency may kindle investor interest


MCA eForms:

Updated till February 12, 2018


ICAI ITFG Clarification:

Compendium of ITFG Clarification Bulletins [Published on February 9, 2018]


ICAI Exposure Draft:

Ind AS 117, Insurance Contracts [Last date for comments: March 31, 2018]


Acts & Regulations: DTAAs:

New Zealand




Legal Updates

Income Tax:

Conduct of Assessment Proceedings in scrutiny cases electronically [Instruction No.1]



Clarifications regarding GST in respect of certain services as decided in 25th GST Council meeting [Circular No.32]

Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017 [Circular No.31]



Companies (Registered Valuers and Valuation) Amendment Rules, 2018

Commencement Notification dated 09.02.2018



IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018 [Press Release]

Corrigendum to Order of constitution of Insolvency Law Committee



Enhancing fund governance for Mutual Funds



Resolution of Stressed Assets – Revised Framework

Levy of Penal Interest – Delayed Reporting (Corrected)

Relief for MSME Borrowers registered under Goods and Services Tax (GST)



Seeks to further amend the notification No. 50/2017- Customs, dated the 30th June 2017 so as to reduce the Basic Customs Duty on motorcycles [No.26]

Extending e-SANCHIT application on all EDI locations [Instruction No.2]