caalley logo

The alley for Indian Chartered Accountants

Daily Newsletter - March 28, 2025

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

Budget News

International News

Exposure Drafts:

SEBI Drafts

CA's Referencer:

NFRA Report

Useful Forms:

ITR eFiling Utilities for AY 2024-25

Legal Updates:

Income Tax

GST

RBI

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

Sebi extends deadline for MFs, portfolio managers to submit inspection data

Interest rates on small savings schemes unchanged for April-June quarter

Insurers can deny health claims for alcohol-related hospitalisation

Service charge is 'unfair' trade practice, can’t be mandatory, rules Delhi HC

Sebi cancels registration of 72 research analysts over non-payment of renewal fees

RBI mandates banks to conduct special clearing operations on March 31

Exchanges to choose between Tuesday and Thursday for derivatives expiry

5% GST for restaurants with non-specified premises: Finance Ministry

Preity Zinta got ₹1.55 cr loan remission from New India Coop Bank: Cops

Resolution plan binding even if stakeholder not party to NCLT case: SC

Parl panel flags non-contribution by pvt sector employers in employees' PF

Why SC ruling on GST error corrections is a major relief for businesses

I-T dept offices to stay open March 29-31 for year-end tax filings: CBDT

RBI to raise foreign individual investment cap in listed firms to 10%

RBI Guv Sanjay Malhotra raises rate cut hopes with growth-focused policy

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Rolta India’s Rs 616 crore NPA declared as fraud by Bank of India

Cyber incidents: IRDAI asks insurers to empanel forensic experts in advance

No major lapses found in gold loan portfolios of PSBs after audit: FM

RBI imposes ₹75 lakh penalty on HDFC Bank, ₹68.2 lakh on Punjab & Sind Bank

Parl approves Banking Laws (Amendment) Bill; Oppn says it lacks safeguards

RBI announces MPC schedule for FY26, first rates decision on April 9

  

Budget News:

The Finance Bill as passed by Lok Sabha

  

International News:

Is Britain on the cusp of another multibillion-pound consumer finance scandal?

UK: PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank


Exposure Drafts:

SEBI Drafts:

Consultation Paper on Draft Circular on “Rating of Municipal Bonds on the Expected Loss (EL) based Rating Scale”
[Last date for Comments: April 18, 2025] 

Consultation Paper on the Final Settlement Day (Expiry Day) for Equity Derivatives
[Last date for Comments: April 17, 2025] 


CA's Referencer:

NFRA Report:

NFRA Inspection Report 2023 - M/s SRBC & Co. LLP
[Published on March 28, 2025]


Useful Forms:

ITR eFiling Utilities for AY 2024-25:

The following ITR eFiling Utilities have been updated:

ITR 1 - Excel Utility

ITR 5 - Excel Utility


Legal Updates:

Income Tax:

The Income-tax (Seventh Amendment) Rules, 2025 - Notification u/s 295 read with section 194T [Notification No.22]

Order under section 119 of the Income-tax Act, 1961 - Income Tax Offices to remain open on March 29, 30 & 31

  

GST:

Various issues related to availment of benefit of Section 128A of the CGST Act, 2017 [Circular No.248]

The Central Goods and Services Tax (Second Amendment) Rules 2025 [CGST Notification No.11]

  

RBI:

Special Clearing Operations on March 31, 2025

  

SEBI:

Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024

Amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024

Intraday Monitoring of Position Limits for Index Derivatives

Measures to facilitate ease of doing business with respect to framework for assurance or assessment, ESG disclosures for value chain, and introduction of voluntary disclosure on green credits

Extension of timelines for submission of offsite inspection data

Extension of timelines for submission of offsite inspection data

  

DGFT:

Amendment in ANF-4J for issuance of Diamond Imprest Authorisation (DIA) [Public Notice No.53]

Amendment in Appendix-4J of Handbook of Procedures (HBP-2023) [Public Notice No.52]

  

Customs:

Seeks to amend notification nos 11/2018-Customs dated 02.02.2018 and 11/2021-Customs dated 01.02.2021 to impose a total import duty of 10% on import of Bengal gram (desi chana) (HS 0713 20 20) from 1st April, 2025 [Notification No.20]

Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Delhi Airport Metro Express Pvt. Ltd [Notification No.16(NT)]


  

  

Read more on:
Don't miss an update!
Subscribe to our email newsletter