Indian News

• PSU banks recover 14% of written-off loans in last 5 years: FM
• Centre clears IRDAI's new commission norms for insurance intermediaries
• Sebi extends nomination deadline for existing trading, demat account holders till Sep 30
• To get long-term capital gains benefit, MFs re-open overseas investment funds
• Government extends last date for linking PAN with Aadhaar to June 30
• EPFO raises interest rate to 8.15% for FY23 from 8.1% last year: Report
• SEBI getting set to regulate index providers
• Power ministry seeks comments on draft carbon credit trading scheme
• Tobacco in gunny bags to attract 28% GST, 71% compensation cess: AAR
• India asks state-run banks to monitor top loan accounts strictly: Reports
• SEBI makes KYC mandatory for maintaining e-wallets in mutual funds from May 1
• Sebi relief for investors holding physical shares
• STT hike could push FPIs to relocate operations to India to save tax
• Can't declare a borrower 'fraud' without hearing him first: SC tells RBI
• Mutual fund nomination deadline to end on March 31
• Export benefits under RoDTEP extended to 18 textile items including sari
• Revised guidelines to digitise fund flow architecture in MPLADS
• FM tells PSBs to diversify deposit, asset base amid global financial stress
• Chennai-based accounting firm under scanner for forging documents

Click here for complete Indian News Listings

Budget News

• Lok Sabha approves Finance Bill as amended by Rajya Sabha: Report
• Govt hikes duty on X-ray machine imports from 10% to 15% starting April 1
• Govt caps maximum GST cess rate on pan masala; links rate to sale price
• Withholding tax on royalty and technical fee doubled to 20%
• RBI asked to monitor card spend under LRS
• No relief to start-ups from angel tax provisions in Finance Bill amendments
• Finance ministry issues clarification over STT hike on selling options
• TDS on all winnings from online gaming to come into effect from April 1: Budget 2023
• Government hikes securities transaction tax on futures, options contracts
• Finance Bill 2023 passed in Lok Sabha with THESE major amendments
• Govt. to scrap long-term tax benefit for debt mutual funds investing less than 35% assets in equity
• Proposed Amendments to Finance Bill 2023
• India govt unlikely to roll back tax plan on high-value life insurance
• To impose (or not to impose) anti-dumping duty: Budget’s retrospective amendment may impact domestic industry

Highlights of Finance Bill -- As Published by IT Dept

Notes on Clauses - Direct & Indirect Taxes -- As Published by IT Dept

Budget 2023-24 Documents

Budget 2023 Highlights

Economic Survey 2022-2023 
ICAI's Pre-budget Memorandum 2023

Click here for complete Budget News

International News

• US regulator sues top crypto exchange Binance, CEO for 'willful evasion'
• FASB issues lease standards update
• Why tighter regulations won't prevent the next financial crisis
• FASB Proposes Accounting Rules for Measuring, Presenting and Disclosing Crypto Assets
• Consider Developing a Standard Definition of EBITDA for U.S. GAAP, FASB Advisers Say
• Accountant shortages likely to yield more audit failures
• Bank of England raises key UK interest rate to 4.25%
• Fed delivers small rate hike, says 'some additional' tightening possible
• US: IRS issues NFT tax guidance
• Canadian accountants take note as SEC reminds accounting firms of the rules involving other auditors
• KPMG’s 29-year SVB stint stirs independence debate
• FASAB issues bulletin on reimbursable work agreements
• Deloitte Hit by Record China Fine, Suspension Over Huarong
• IASB improves approach to developing disclosure requirements
• ECB backs big rate hike despite bank chaos
• FASB proposes enhancements to income tax disclosures
• After SVB, cash is once again king, ex-CFO says
• KPMG stands by audits of Silicon Valley Bank and Signature Bank
• KPMG Under Pressure After Clean Audits of SVB, Signature Bank
• SVB collapse: Moody's changes outlook on US banking system to 'negative'

Click here for complete International News Listings

Legal Updates

• Income Tax Press Release: Last date for linking of PAN-Aadhaar extended
• SEBI Update - March 28, 2023
• DGFT Trade Notice No.27
• GST Circular No.191
• DGFT Notification No.63
• DGFT Public Notice No.62
• SEBI Circular: E-wallet investments in Mutual Funds
• IRDA: Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2023
• RBI: Annual Closing of Government Accounts
• Central Excise Updates - March 22, 2023
• DGFT Updates - March 22, 2023
• IEPF Order for Rejection Under Rule 7(3) & 7(7)
• SEBI: Common and simplified norms for RTAs
• Customs: Exchange Rate Notification dated March 15, 2023
• RBI: Reporting and Accounting of Central Government transactions for March 2023
• Customs Notification Fixing Tariff Values - March 15, 2023
• Customs Update - March 14, 2023
• DGFT Notification No.60
• SEBI: Clarification with respect to Qualified RTAs
• Customs Instruction No.10
• MCA Announcement for CA and CS

Reference Updates

• ICAI Annoucements: Implementation Guide on Reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014
• ICAI: FAQs on Important Principles enunciated in Standards on Auditing w.r.t. Auditor’s Opinion and Audit Sampling
• Amended Income Tax Form 10BB
• Amended Income Tax Form 10B
• SEBI: Master Circular for Portfolio Managers
• Responsibilities of Lead Auditors to Conduct High-Quality Audits When Involving Other Auditors
• Guidance Note on Audit of Banks (2023 Edition)
• SEBI Amended Regulations for FPIs
• SEBI: Grant of Reward to Informant under Recovery Proceedings Guidelines, 2023
• Download Amended ITR Forms
• CA's Referencer: Format for Serving a Copy of Application for Initiation of CIRP
• ICAI: Implementation Guide to SA 580, Written Representations
• SEBI Master Circular & Regulations - March 3, 2023
• ICAI Publication: Meetings of Committee of Creditors
• Cost and Management Accounting and Quantitative Techniques - A Student's Guide
• Article: L&T merges Mindtree into L&T Infotech 

From the ICAI

ICAI Announcements

Accounting Standards

Accounting Standards for Local Bodies

Indian Accounting Standards - Ind AS 

Ind AS Technical Facilitation Group (ITFG)

Standards on Quality Control (SQCs)

Standards on Internal Audit

Guidance Notes [Includes GN for Bank Audits - 2023 edition]

International Content

International Financial Reporting Standards (IFRS)

Financial Reporting Council (UK):

Technical Actuarial Standard 100: General Actuarial Standards
Version 2.0 [Published in March 2023]

International Ethics Standards Board for Accountants [IESBA]: 
[Published in February 2023]  

Revisions to the Code Relating to the Definition of Engagement Team and Group Audits

Basis for Conclusions

Thematic Review: IFRS 9 Banking Audit Methodology and its Application 
[Published in February 2023]

Exposure Drafts

• FASB Exposure Draft: Proposed ASU - Intangibles - Crypto Assets
• IFRS Exposure Draft: Proposed amendments to IFRS 9 and IFRS 7
• ICAI Exposure Draft: Guidance Note on Transfer to Capital Reserve
• FASB Exposure Draft on Income Tax Disclosures
• SEBI: Consultation Paper on Holding of Sponsor in REITs and InvITs

Go to the "Exposure Drafts" listings to access all Exposure Drafts

Advertise with us

If Chartered Accountants, Company Secreteries, Cost Accountants and other finance professionals are your target audience, then CAalley is the best place to advertise your product or service.

You can reach out to your target audience all over India at a very reasonable charge. 

Contact us with your advertisement plan and we shall give you the best offers you can ever get.

Submit Your Articles

Click here to explore the "Articles" section

Share your knowledge with your professional friends across India and also in many parts of other countries.

You can publish your articles on CAalley. 

All you need to do is send us your article with your name, qualification and city to This email address is being protected from spambots. You need JavaScript enabled to view it. 

Our review team shall review it and publish it. We shall inform you when your article is published.