Daily Newsletter - February 27, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

IFSCA Regulations

Useful Forms:

Income Tax Form

Legal Updates:

Income Tax

RBI

SEBI

Customs

 

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News Update:

Indian News:

EU signals no concession for India on CBAM, deforestation regulation

CBDT amends norms, mandates detailed income disclosures for business trusts

Payback the Section 87A rebate amount claimed against capital gains, says the tax demand notice; What are your options?

40,000 taxpayers under lens for deductions, CBDT targets TDS defaulters

RBI frees up bank capital with NBFC risk weight rollback

Centre considers to revamp bankruptcy laws amid low recovery rates

Delhi HC denies capital gains tax exemption u/s 54F claim by a widow who bought two non-adjacent flats in Noida

Sebi proposes fresh steps to tighten derivative market rules to reduce risk

Centre kickstarts process for stake sale in PSBs and listed PFIs

LIC gets GST demand notice of Rs 57.2 crore for excess ITC availed

RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore

RBI eases restrictions on New India Co-operative Bank

  

International News:

Is the FRC doing enough to support small audits?

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Exposure Draft:

SEBI Draft:

Consultation Paper on Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
[Last date for Comments: March 17, 2025] 

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Acts & Regulations:

IFSCA Regulations:

IFSCA (Fund Management) Regulations, 2025

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Useful Forms:

Income Tax Form:

Form No.49C - Updated
Annual Statement under section 285 of the Income-tax Act, 1961

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Legal Updates:

Income Tax:

The Income-tax (Fifth Amendment) Rules, 2025 - Amendments to Rules 12CA, 12CC [Notification No.17]

  

RBI:

Exposures of Scheduled Commercial Banks (SCBs) to Non-Banking Financial Companies (NBFCs) – Review of Risk Weights

Review of Risk Weights on Microfinance Loans

Review and rationalization of prudential norms - UCBs

  

SEBI:

Industry Standards on Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Opening of Demat Account in the name of Association of Persons

  

Customs:

Seeks to continue levy of countervailing duty on imports of 'Saccharin in all its forms' originating in or exported from China PR , for 5 years pursuant to Sunset Review Final Findings issued by DGTR [Notification No.1(CVD)]

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