Daily Newsletter - May 12, 2023
Latest additions to CAalley:
News Update:
Useful Forms:
Acts & Regulations:
Exposure Drafts:
Legal Updates:
News Update:
RBI asks banks to complete transition away from LIBOR from July 1
Mumbai: Tax officer & CA acquitted in Rs 2 lakhs bribe demand case
24 big importers found evading Rs 11,000 crore IGST
In win for e-gaming companies, HC quashes Rs 21k crore GST notice
India set to announce compliance details of carbon trading market in June
MCA tightens norms for closure of firms
How will the Reserve Bank of India's new locker norms impact you?
Man arrested for cheating a CA of ₹2 crore
57% of all scams in India are platform frauds, says PwC
CAs flag concerns about glitches in MCA portal
CBIC rolls out module for automated scrutiny of GST returns: FinMin
Pensioners to get 3 months to give consent for diverting additional dues
EPFO issues circular for subscribers to calculate dues and interest rates
New MCA forms for financial statements by July: Govt
IL&FS case: ED searches Deloitte, KPMG’s premises
E-invoicing mandatory from August for B2B supplies by firms with ₹5 cr turnover
EPFO issues FAQs on higher EPS pension, but no clarity on computation
Company slapped with ₹1 Cr penalty for failure to utilise CSR funds
SEBI allows direct access for FPIs in commodity derivatives
FASB Seeks to Add Guidance on Profits Interest Awards
China says willing to work with U.S. on audit deal as challenges loom
What US Audit Inspections Mean for Big Four China: Explained
China audits littered with deficiencies, US accounting watchdog finds
New ICAEW hub aims to provide clarity on good professional judgement
Useful Forms:
Income Tax Return eFiling Utilities for ITR 2
Acts & Regulations:
Master Circular – Basel III Capital Regulations
Exposure Drafts:
Regulatory Framework for Micro, Small and Medium REITs (MSM REITs)
[Last date for Comments: May 27, 2023]
IFRS Sustainability Disclosure Standard
Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates
[Last date for Comments: August 9, 2023]
Proposed Accounting Standards Update
Compensation—Stock Compensation (Topic 718)
Scope Application of Profits Interest Awards
[Last date for Comments: July 10, 2023]
Legal Updates:
Investment in units of Mutual Funds in the name of minor through guardian
