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Daily Newsletter - March 28, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:


Legal Updates:

Income Tax





News Update:

Indian News:

LIC gets GST demand notice of Rs 178 crore

New ITR-V, ITR acknowledgement forms notified: Read updated instructions carefully or else penal consequences can apply

DGFT notifies policy for general authorisation for export of certain goods under SCOMET category

RBI provides breather on alternative investment fund investments

RBI releases MPC schedule for FY25, first interest rates decision on Apr 5

Fintech is making global payments its business

Noida CA arrested by Bengaluru police for cheating companies with Rs 168 crore fake bank guarantees

E-insurance now mandatory for all policyholders: What it means for you

Front-running case: Sebi bans two persons from securities market for 3 years; slaps Rs 77 lakh fine

CESAT classifies charter of aircraft as transport of passenger service


International News:

How NOT To Go To Prison For Insider Trading While Working From Home: 5 Tips

PwC cover-up of tax leaks scandal ‘worsens the crime’: report

Audit Plan to Flag Illegal Acts Needs Do-Over, Critics Charge

Exposure Draft:

IFSCA Draft:

Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024
[Last date for Comments: April 16, 2024] 

Legal Updates:

Income Tax:

The Income-tax (Fifth Amendment) Rules, 2024 - Changes in ITR form V and Acknowlegement for A.Y 2024 25 [Notification No.37]



Report of the Expert Committee for Developing GIFT IFSC as “Global Finance and Accounting Hub”



Investments in Alternative Investment Funds (AIFs)

Currency Chests (CCs) operations on March 31, 2024

Special Clearing Operations on March 30 & 31, 2024



​​​​​General Authorisation for export of Telecommunication-related items and Information Security items covered under category 8A5 of SCOMET [Notification No.82]

General Authorization for Export of Telecommunication-related items under SCOMET Category 8A5 Part 1 (GAET) [Public Notice No.52]



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