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The alley for Indian Chartered Accountants

Daily Newsletter - November 9, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

FASB Draft

Acts & Regulations:

RBI Master Direction

Useful Forms:

ITR eFiling Utilities for AY 2024-25

From the ICAI:

ICAI Announcement

Legal Updates:

GST

RBI

Customs

 


  

News Update:

Indian News:

Lokpal seeks SEBI chief’s response on conflict of interest charges

CBIC introduces relaxations for Customs Cargo Service Providers

Market regulator Sebi may water down skin-in-game rules for MF executives

RBI imposes penalty on South Indian Bank

RBI includes spot deals to expand forex transactions reporting requirements

ED searches premises linked to vendors of top e-tailers in 4 states

CII asks for more reforms in tax code, sustaining capex in FY26 Budget

Irdai to amend regulatory sandbox norms after committee recommendation

 

International News:

Federal Reserve cuts key interest rate by 25 bps to support economy

Bank of England cuts rates but sees higher inflation after Reeves' budget


Exposure Drafts:

IBBI Draft:

Discussion Paper on issues related to Real Estate
[Last date for Comments: November 27, 2024] 

 

FASB Draft:

Proposed Accounting Standards Update
Business Combinations (Topic 805) and Consolidation (Topic 810)
Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity

[Last date for Comments: December 16, ] 


Acts & Regulations:

RBI Master Direction:

Master Direction - Know Your Customer (KYC) Direction, 2016 (Updated as on November 06, 2024)


Useful Forms:

ITR eFiling Utilities for AY 2024-25:

ITR 5 - MAC Utility has been updated


From the ICAI:

ICAI Announcement:

Revised Criteria for classification of Non-company entities for applicability of Accounting Standards


Legal Updates:

GST:

Advisory For Waiver Scheme u/s 128A

Advisory related to ‘Other Territory’ applications

 

RBI:

Reporting of Foreign Exchange Transactions to Trade Repository

‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds

 

Customs:

Clarification on Insurance Amount and Bond Value for CCSPs and validity of Bond for AEO-LO [Circular No.22]

The Handling of Cargo in Customs Areas (Amendment) Regulations, 2024 - Amendment in Regulation 5 and 10 of HCCAR, 2009 [Notification No.75(NT)]


  

  

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