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Daily Newsletter - December 18, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

International Content:

PCAOB Reference Material

Legal Updates:

Income Tax

GST

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

IFSCA Press Release: Claims in the media regarding regulation of crypto exchanges and crypto assets by IFSCA

EPFO extends deadline for employers to upload pending pension applications until January 31, 2025

PAN 2.0 targeted for fraud: How to protect yourself from misinformation

Sebi rolls out Specialised Investment Fund for HNIs with Rs 10 lakh minimum

'If they tax us, we tax them': Trump threatens reciprocal tariffs on India

Delhi High Court ruling upholds landlord's rights over tenant's in property disputes

Export promotion scheme EPCG needs proper monitoring: CAG

Sebi prohibits FPIs from issuing P-notes with derivatives as an underlying asset

Lost track of inactive mutual funds? Sebi plans search platform

Retrospective 5% GST likely on food app delivery charge

Govt plans up to 25% temporary tax to curb cheap Chinese steel imports

Sebi eases norms for boarding of investment advisors, research analysts

NPCI cautions users against digital frauds, highlights 'common tricks'

UPI changes in 2024: Increased limits, new features, security tips

ITAT ruling: Cryptocurrencies now recognized as capital assets for taxation

Security vulnerabilities hinder AI adoption in India: Deloitte report

Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details

Will maintain open-door policy: RBI governor

GST Council likely to consider lowering tax on online food delivery fees

Cooperative banks show mixed trend in asset quality

Over 1.7 mn opt for higher pension on more contribution under 'EPS-95'

Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

Centre receives Rs 8,625 crore as disinvestment receipts so far in 2024-25

 

International News:

KPMG outpaces Big Four rivals as audit and tax units shine


Exposure Draft:

SEBI Draft:

Draft Circular for “Service platform for investors to trace inactive and unclaimed Mutual Fund folios: MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)”
[Last date for Comments: January 7, 2025] 


International Content:

PCAOB Reference Material:

Audit Focus Series
Critical Audit Matters


Legal Updates:

Income Tax:

CBDT Launches Electronic Campaign to Address Income and Transaction Mismatches for FY 2023-24 and FY 2021-22 [Press Release]

​Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 [Circular No.19]

 

GST:

Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration

Advisory on Updates to E-Way Bill and E-Invoice Systems

 

SEBI:

Measures to address regulatory arbitrage with respect to Offshore Derivative Instruments (ODIs) and FPIs with segregated portfolios vis-à-vis FPIs

SEBI (Investment Advisers) (Second Amendment) Regulations, 2024

SEBI (Research Analysts) (Third Amendment) Regulations, 2024

SEBI (Mutual Funds) (Third Amendment) Regulations, 2024

 

DGFT:

Fixation of one new Standard Input Output Norms (SIONs) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’) [Public Notice No.34]

 

Customs:

Notification to specify the manufacturing processes and other operations in relation to a class of goods in a warehouse [Notification No.86(NT)]


  

  

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