Daily Newsletter - November 6, 2024 - CAalley.com

Daily Newsletter - November 6, 2024

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

International News

Exposure Draft:

Reference Section:

Legal Updates:

News Update:

Indian News:

GST tax demand not settled despite payment? New online form notified to help taxpayers adjust tax demand amount; here's how to do it

RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

CBI arrests five senior CGST officers in ₹50 lakh bribery case

Tax notices issued to wealthy Indians over undeclared Dubai properties

IBBI proposes mediation mechanism for operational creditors in IBC

Tax fraud: ₹25,000 crore GST evasion by 18,000 bogus companies uncovered

CBDT allows tax officials to waive or reduce interest due from taxpayers

Stress building again six years after India’s shadow-banking sector blew up

NFRA may take up revision of 35 audit standards next week

FinMin seeks comments from sponsor banks on proposed RRB amalgamation

Income tax dept receives 6,500 suggestions on review of income tax act

Sebi allows MFs to invest in foreign funds with Indian securities exposure

Daughters' names to stay in family records for pension after retirement

Sebi's new rules for Securitisation explained: What Investors need to know

Sebi proposes interest rate derivatives for hedging by REITs and InvITs

Can ICAI set quality rules for audit firms?

PSBs, financial institutions monetise Rs 4.5 crore through scrap disposal

International News:

KPMG to Lay Off 4% of U.S. Audit Workforce to Counter Fewer Voluntary Exits

Internal auditors, CFOs should share the AI disruption risk: IIA CEO

FASB issues new, long-anticipated income statement expense rules

FASB proposes guidance on business combinations

Exposure Draft:

IBBI Draft:

Discussion paper on Mediation by the Operational Creditors before approaching Adjudicating Authority for filing Section 9 application
[Last date for Comments: November 24, 2024]

Reference Section:

Useful Forms:

This section has been updated recently. Kindly find below the relevant links:

Income Tax Forms

Income Tax Return Forms & Utilities for AY 2024-25

Central Excise Forms

Legal Updates:

Income Tax:

Specifying Forms Prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule(1) and sub-rule (2) of Rule 131 of the Income Tax Rules, 1962 [Notification No.5/2024]

Order under section 119(1) of the IT Act, 1961 fixing the monetary limits of the Income-tax authorities in respect of reduction or waiver of interest paid or payable under section 220(2) of the IT Act [Circular No.15]

Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for Assessment Year 2023-24 [Circular No.14]

GST:

Advisory for Form GST DRC-03A

Advisory: Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Ladakh

Read more on:

Newsletter