Daily Newsletter - August 23, 2024
Latest additions to CAalley:
News Update:
Exposure Draft:
Reference Section:
Useful Forms:
Legal Updates:
News Update:
Sebi asks CAs to be extra careful while auditing cos listed on SME exchange
Anil Ambani banned from security market for 5 yrs, fined Rs 25 cr by Sebi
RBI alters rules to allow e-mandate for auto-replenishment of FASTag, NCMC
To ban or regulate? Govt's cryptocurrency paper likely by October 2024
Review of Income Tax Act to be completed in given timeframe: CBDT Chairman
Banks won't send pre-debit notifications for these two types of recurring payment e-mandates
CBDT forms committee to review I-T Act, 'sunset' clauses to be eliminated
Adopt supportive, empathetic approach towards MSMEs: RBI dy guv to lenders
Top audit firms concerned after hefty penalty on BSR & Associates
Infosys, foreign airlines and foreign shipping lines may get GST relief: Report
CCI warns staff over unauthorised media contacts, information disclosure
Over Rs 80,000 crore worth GST notices issued for assessment year 2018-22
Use simpler language in tax notices, don't instil fear: FM tells officials
Sebi's rights issue revamp may require tightrope walk
IBA to take up overseas banks' local data storage issue with RBI
Income tax dept processed about 40 mn ITRs for AY 2024-25 in 15 days
Bombay High Court quashes ₹2,237 crore GST demand against Larsen & Toubro
ITAT: No penalty for income concealed if taxpayer corrects error in revised return
PwC China faces 6-month business ban, large fine over Evergrande audit, sources say
Exposure Draft:
Consultation paper on Ease of Doing Business by Substituting the Requirement of Attestation of certain Documents by a Notary Public/Gazetted Officer
[Last date for Comments: September 6, 2024]
Reference Section:
Audit Quality Maturity Model version 2.0 (AQMM v 2.0)
[Version 2.0]
[Issued on August 22, 2024]
Background Material on GST - Volume 1 & 2
[Issued by ICAI - January 2024 edition]
Useful Forms:
FAQs on Prima Facie Adjustment (PFA) & Defective for ITR 1 to 6 for AY 24-25
ITR 6 - Excel Utility has been updated
Legal Updates:
Processing of e-mandates for recurring transactions
Draft Modalities for Pilot Launch of E-Commerce Export Hubs (ECEH) [Trade Notice No.14]
