Daily Newsletter - April 2, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

RBI Master Circulars/Directions

IFSCA FAQs

CA's Referencer:

NFRA Reports

Useful Forms:

Income Tax eFiling Utilities

Legal Updates:

GST

SEBI

IRDAI

DGFT

 

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News Update:

Indian News:

NPCI appoints industry veteran Rajola as executive director of growth

Sebi imposes Rs 5.2 crore penalty on OPG Securities in NSE co-location case

Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report

100% FDI in insurance a step forward, but safeguards unclear: USTR report

Govt appoints Poonam Gupta as new RBI Deputy Governor ahead of MPC

India's tech startups worth $100 billion seen seeking IPOs by 2027

Gearing up for Trump tariffs, India weighs multiple scenarios

RBI tells banks to continue joint account for surviving spouse's pension

SEBI extends deadline for retail investors' algo trading norms to August 1

SEBI’s new NFO guidelines come into effect from April 1

Sebi weighs direct market access for foreigners

CBDT recovers Rs 92,400 crore in outstanding tax

A typo triggers a Rs 40 cr tax demand and four-year ordeal

NFRA proposes to tighten audit of related-party transactions

EPFO to increase auto settlement limit to 5 lakhs for PF claims and allow UPI withdrawals

Failure to deduct tax under Section 194-IA may deem transferee as default

Claimed HRA but skipped TDS? Income Tax department comes knocking with notices

Can you claim HRA tax exemption for society maintenance charges?

CBDT signs record 174 APAs in FY25, including India's 1st multilateral APA

  

International News:

KPMG report: Accounting for indemnification arrangements associated with transferable credits

Japan to give crypto assets legal status as financial products: Report

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Reference Section:

RBI Master Circulars/Directions:

RBI Master Circulars / Directions for 2025-26
[As on April 1, 2025]

  

IFSCA FAQs:

SEZ Compliance FAQs Booklet

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CA's Referencer:

NFRA Reports:

NFRA Inspection Report 2023 - M/s Deloitte Haskins & Sells LLP
[Published on March 28, 2025]

NFRA Inspection Report 2023 - M/s Walker Chandiok & Co LLP
[Published on March 28, 2025]

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Useful Forms:

Income Tax eFiling Utilities:

The following utilities have been updated:

Form 10B
Form 10BB
Form 3CEB

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Legal Updates:

GST:

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam

  

SEBI:

Relaxation of provision of advance fee restrictions in case of Investment Advisers and Research Analysts

Clarification on the position of Compliance Officer in terms of regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Extension of timeline for formulation of implementation standards pertaining to SEBI Circular on “Safer participation of retail investors in Algorithmic trading”

  

IRDAI:

Circular on Cyber Incident or Crisis Preparedness

  

DGFT:

Inclusion of Land Custom Stations Darranga as Food Import Entry Points in List “A” of Appendix-V to Schedule-I (Import Policy), ITC (HS), 2022 in sync with relevant FSSAI Notification [Notification No.3]

Amendment in import policy and policy condition of Roasted Areca Nuts falling under ITC (HS) Code 20081920 of Chapter-20 of ITC (HS), 2022, Schedule-I (Import Policy) [Notification No.2]

Supply of essential commodities to the Republic of Maldives during 2025-26 [Notification No.1]

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