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The alley for Indian Chartered Accountants

Daily Newsletter - July 20, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

Article

Exposure Drafts:

SEBI Draft

IFRS Draft

From the ICAI:

ICAI Announcement

Legal Updates:

Income Tax

CCI

SEBI

DGFT

Customs


  

News Update:

Indian News:

18% GST to be charged on battery charging for EVs: Karnataka AAR

PAN-trading account freeze extended to all listed firms, says Sebi

Professionals registered on MCA21 portal to have single ID

ITR filing 2023: Over three crore income tax returns filed so far, says income tax department

Pearls Group Scam: Vigilance Bureau arrests CA Dang for verifying fake documents

NRIs can still file income tax return even if their PAN becomes inoperative

NRIs asked to approach tax officers with residential status proof for PAN

PFRDA to allow funds to invest in sovereign green bonds: Chairman Mohanty

  

International News:

UK businesses plan to expand to India, says Grant Thornton


Reference Section:

Article:

Quality management standards: How to identify risks and design responses


Exposure Drafts:

SEBI Draft:

Consultation paper on ‘Prudential norms for exposure of Clearing Corporations’
[Last date for Comments: August 10, 2023] 

  

IFRS Draft:

Post-implementation Review
IFRS 15 - Revenue from Contracts with Customers

[Last date for Comments: October 27, 2023] 


From the ICAI:

ICAI Announcement:

Further deferment of second phase of Peer Review Mandate

  


Legal Updates:

Income Tax:

The Income-tax (Thirteenth Amendment) Rules, 2023 - Amendment to Rule 11UAC [No.51]

  

CCI:

Exemption of RRBs from the certain provisions of Competition Act

  

SEBI:

New category of Mutual Fund schemes for Environmental, Social and Governance (“ESG”) Investing and related disclosures by Mutual Funds

Trading Window closure period – Extending framework for restricting trading by Designated Persons by freezing PAN at security level to all listed companies in a phased manner

  

DGFT:

Amendment in Export Policy of Non-Basmati rice under HS code 1006 30 90 [Notification No.20]

Procedure for allocation of quota for export of broken rice on humanitarian and food security grounds, based on requests received from Governments of other countries [Trade Notice No.16]

  

Customs:

Exchange rate Notification dated July 20, 2023 [No.54(NT)]


 

 

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