Daily Newsletter - March 31, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

Income Tax eFiling Utilities

Legal Updates:

Income Tax

IBBI

RBI

SEBI

Customs

 

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News Update:

Indian News:

Big money rule changes from April 1: Tax relief, UPI deactivation, PAN-Aadhaar impact and more

CBI books case against 5 I-T officials for cheating assessees

ED attaches Rs 95 cr worth assets of Gurugram realty firm SBPL in PMLA case

Bosch receives over Rs 20 crore tax demand notice from Income Tax dept

New loan sale rule to give Rs 20k-cr lift to bank profits

IICA, NFRA to offer three-month prog on audit processes for CAs

Yes Bank gets demand notice of Rs 2,209 crore from I-T dept

I-T dept imposes Rs 944 cr penalty on IndiGo, airline to contest order

Just few days before deadline govt amends GST Amnesty Scheme under Section 128A to give relief to these GST registered taxpayers

NFRA highlights audit firms’ weakness, areas requiring improvement

NFRA flags lapses in audit quality of three firms, including Deloitte

RBI raises liquidity limit for standalone primary dealers to Rs 15,000 cr

NBFCs should not take risk beyond their absorption capacity, says RBI

RBI allows banks to charge customers Rs 23 per ATM transaction from May 1

Indian Bank gets demand notice for Rs 873 crore from income tax dept

  

International News:

IFRS launches tool to help companies implement ISSB standards

PCAOB offers videos on quality control monitoring, remediation

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Useful Forms:

Income Tax eFiling Utilities:

Form 3CEB - Schema has been updated

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Legal Updates:

Income Tax:

The ​Income-tax (Eighth Amendment) Rules, 2025 - Amendment in Form 3CD [Notification No.23]

Order under section 119 of the Income-tax Act, 1961 for waiver on levy of ​interest under section 201(1A)(ii)/ 206C(7) of the Act, as the case maybe, in specific cases [Circular No.5]

  

IBBI:

Mandatory Use of Baanknet (formerly eBKray) Auction Platform for Liquidation

  

RBI:

Revised norms for Government Guaranteed Security Receipts (SRs)

  

SEBI:

Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)

  

Customs:

The Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2025 [Notification No.20(NT)]

Appointment of Common Adjudication Authority in the case of Vikas Vilas Kadam & Others [Notification No.19(NT)]

The Postal Imports Regulations, 2025 [Notification No.18(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.17(NT)]

Implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR) [Circular No.10]

Procedure for import/export through Personal Carriage [Circular No.9]

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