Daily Newsletter - February 17, 2025

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

IFSCA Regulations

CA's Referencer:

NFRA

Legal Updates:

GST

SEBI

Customs

 

---

  

News Update:

Indian News:

No refund if ITR filed post due date in new income tax bill? I-T dept issues this clarification

Govt may raise deposit insurance beyond Rs 5 lakh amid bank scam concerns

Parliamentary panel seeks MCA views on NFRA’s performance, budget utilisation

Sebi updates CAS timelines, extends PAN data deadline to 5 days

Ashwini Vaishnaw to launch IndiaAI portal, 10 firms to provide 14,000 GPUs

Sebi cracks down on REITs, InvITs with tougher financial disclosure rules

ED seizes 'biggest' crypto fund worth Rs 1,646 crore in PMLA case

Sebi introduces new disclosure standards for ‘Related Party Transactions’

IBC resolution ratio rises, but with a catch

India's new income tax bill proposes broad access to taxpayers' devices, social media accounts

New India Cooperative Bank's GM held for 'misappropriation' of Rs 122 crore

Income Tax dept activates section-wise mapping of old I-T Act, new tax bill

Lok Sabha Speaker forms 31-member panel to examine Income Tax Bill

  

International News:

71% of audit committees are now discussing cybersecurity quarterly

New ICAEW Code of Ethics explained: impact of technology

---

Acts & Regulations:

IFSCA Regulations:

IFSCA (Bullion Market) Regulations, 2025

---

CA's Referencer:

NFRA:

PWCA LLP – Inspection Report 2023
[Published on February 13, 2025]

---

Legal Updates:

GST:

Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 55th meeting held on 21st December, 2024, at Jaisalmer [Circular No.247]

Advisory on Introduction of Form ENR-03 for Enrolment of Unregistered Dealers/Persons in e-Way Bill Portal for generating e-way Bill

 

SEBI:

Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction"

 

Customs:

Automation of Refund Application and Processing in Customs [Circular No.5]

Single Unified Multi-Purpose Electronic Bond in Customs-Ekal Anubandh [Circular No.4]

Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025 [Notification No.11(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.10(NT)]

Notification of Rajkot International Airport u/s. 7(1)(a) of Customs Act, 1962 [Notification No.9(NT)]

---