Daily Newsletter - January 8, 2025
Latest additions to CAalley:
News Update:
Exposure Draft:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
Gujarat GST dept raids coaching institutes, ‘finds Rs 7.49 crore in evasions’
Budget 2025 should cut tax rates, raise income tax exemption to ₹5 lakh: EY
DGGI can now send takedown orders against online money gaming apps evading GST
Markets regulator Sebi warns Ola Electric for violating disclosure norms
Sebi asks companies to disclose whistleblower complaints in IPO filings
RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar
Big 4 in India outshine MNC parents; combined revenue seen at over Rs 45,000 crore in FY25
Cyber fraud: Supreme Court orders SBI to refund Rs 94,000 lost in an online scam to its customer
HC upholds GST notifications extending notice deadlines
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Sebi eases settlement rules for dormant accounts to streamline processes
Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end
Gujarat HC provides relief, says no GST on transfer of state land leases
RBI releases master direction on reporting of customers credit information
PCAOB imposed $35M in fines in 2024
FASB seeks input on standard-setting priorities
Exposure Draft:
Exposure Draft of Ind AS 118, Presentation and Disclosure in Financial Statements
[Last date for Comments: April 6, 2025]
Acts & Regulations:
Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025
From the ICAI:
FAQs on Unique Document Identification Number (UDIN)
(Revised 2024)
Legal Updates:
Conditional exemption for IFSC Unit upon purchase of goods [Notification No.6]
Enabling filing of Application for Rectification as per Notification No.22/2024-CT, dated 08/10/24
Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) – Timelines
Procedure for export of certified organic products [Public Notice No.39]
