Daily Newsletter - February 12, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
From the ICAI:
International Content:
Legal Updates:
News Update:
Income Tax Calculator - New Regime
I-T dept launches calculator for information about new tax regime
Income Tax Bill 2025: Deductions on salaries, pension & gratuity explained
NFRA must separate audit review and disciplinary roles: Experts
ICAI Central Council gives nod for ICAI International ADR centre rollout, says outgoing Prez Agarwal
When will new income tax bill likely to come into effect?
New Income Tax Bill 2025 proposes 'tax year' concept, easier terminologies
Income-Tax Bill, 2025 to be tabled in Parl: New tax slabs, reforms & more
New Income Tax Bill to have 622 pages, almost half of the existing I-T Act
Min panel may propose 5% GST with ITC benefit on term plans
No need to wait for IT benefit after winning case
FM hints at more boosters for economy
Sebi proposes new framework to handle unclaimed funds, securities
Sebi bans 'pied piper' company with zero revenue, Rs 5,500 crore valuation
Tax officers told to give relief to businesses on GST interest, penalty
Does GST apply to pre-paid gift vouchers and cards? Know what the rule says
'Not at all': FM Sitharaman dismisses GST rise concerns
States to decide tax on lottery, not Centre: Supreme Court
India may cut tariffs on 30 items imported from US to prevent higher reciprocal tariffs: Nomura
What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
Digitisation does not mean deregulation: CEA Nageswaran
Insurers seek clarity on 10% hike cap for senior health premiums
Just 10 months after listing, Sebi bars SME company from markets over financial irregularities
Cryptocurrency exchange WazirX completes asset restructuring on platform
NFRA weighs options after Delhi HC junks notices to auditors in IL&FS audit case
Ready to keep key rates unchanged for now on high inflation: Fed's Powell
In detailed report, PCAOB finds deficiencies in half of KPMG Canada audits inspected
Exposure Drafts:
Draft Circular - Additional Factor of Authentication (AFA) for cross-border Card Not Present (CNP) transactions –
[Last date for Comments: March 10, 2025]
Margin obligations to be given by way of Pledge / re-pledge in the Depository system
[Last date for Comments: March 4, 2025]
Consultation Paper on Treatment of unclaimed funds and securities of clients lying with Trading Members
[Last date for Comments: March 4, 2025]
Consultation Paper on Advance Fee to be charged by Investment Advisers and Research Analysts
[Last date for Comments: February 27, 2025]
Small and medium-sized enterprises market study - Invitation to comment
[Last date for Comments: April 25, 2025]
Acts & Regulations:
Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025
From the ICAI:
ICAI (Merger and Demerger of CA Firms) Guidelines, 2024
International Content:
Audit Focus Series
Audit Committee Communications
[December 2024]
Legal Updates:
The Income-tax (Fourth Amendment) Rules, 2025 - Amended Form 49C [Notification No.14]
The Income-tax (Third Amendment) Rules, 2025 - Amendment to Rule 2F [Notification No.13]
The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2025
All Agency Banks to remain open for public on March 31, 2025 (Monday)
