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The alley for Indian Chartered Accountants

Daily Newsletter - May 15, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

SEBI Master Circulars

Useful Forms:

MCA eForms

Legal Updates:

Income Tax




News Update:

Indian News:

SEBI grants LIC extra 3 years to achieve minimum public shareholding

Amid surge in biz, RBI asks gold loan NBFCs to strictly comply with norms

Pune GST Intelligence busts multi-state fake input tax credit scam worth Rs 145 crore

Big relief for mutual fund investors: Sebi eases Aadhaar-PAN KYC rules

Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money

Why Indian HNIs invested in blank-cheque shell cos are facing tax scrutiny

SEBI relaxes KYC norms to simplify risk management framework

GST on corporate guarantees: Taxmen believe clarity will emerge only in SC

Paytm UPI Lite allows Rs 500 per transaction without PIN: Details here

Sebi plans tighter rules for listing small biz after complaints of misuse

Taxpayer is entitled to claim benefit of exempted income in revised ITR if it is filed within the deadline

EPFO introduces auto claim settlement for education, marriage, housing

AIFs must comply with certification requirement by May 2025: Sebi

Five states show interest in implementing Aadhaar-based authentication for GST registration

Capital gains tax applicable on gifted shares? Here’s what Bombay High Court ruling says

SC issues notice to centre over petition on imposition of GST on JDA

Taxpayers can now see if feedback is acted upon by reporting entities: Govt


International News:

Could AI be universally adopted within audit in the next three years?

PCAOB OKs auditor responsibility and quality control standards

Acts & Regulations:

SEBI Master Circulars:

Master Circular for Infrastructure Investment Trusts (InvITs)
[Published on May 15, 2024]

Master Circular for Real Estate Investment Trusts (REITs)
[Published on May 15, 2024]

Useful Forms:

MCA eForms:

MCA eForms updated as on May 13, 2024

Form CRA-2
Form of intimation of appointment of cost auditor by the company to Central Government

Form MGT-7A
Form for filing annual return by OPCs and Small company

Form for submission of compliance certificate with the Registrar

Legal Updates:

Income Tax:

CBDT releases new functionality in AIS [Press Release]



FAQ on KYC Norms for the Securities Market

Review of validation of KYC records by KRAs under Risk Management Framework

Certification requirement for key investment team of manager of AIF



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