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The alley for Indian Chartered Accountants

Daily Newsletter - October 11, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

Income Tax Offline Utilities

ITR eFiling Utilities

MCA Forms

From the ICAI:

ICAI Technical Guide

Legal Updates:

Income Tax

RBI

SEBI

IRDAI


  

News Update:

Indian News:

Non-residents, foreign cos without PAN can open bank a/cs in IFSC-Gift City

LIC says it has got GST notice of Rs 37,000 for paying taxes at lower rate

Mahesh Shah’s CA jailed for ₹6.85 cr fraud

Setting up national, regional GST tribunals has started: Centre tells SC

Supreme Court says restaurants not subject to service tax for take away food orders

GST Council’s view on taxability of corporate guarantee is a mixed bag, say experts

Sebi resolves over 3,700 complaints through SCORES in September

India must be mindful of its reputation for tax terror in hunt for Swiss stash

About 70% taxpayers may shift to new regime: CBDT chairman

RBI to extend PCA supervisory norms to government-owned NBFCs from October 2024

35L refund cases 'held up' for various reasons; I-T dept call centre working to resolve: CBDT chairperson

I-T dept collects over Rs 700 crore in TDS from online gaming, crypto trade

RBI orders Bank of Baroda to suspend onboarding customers to its mobile app

IMF raises India FY24 GDP growth forecast by 20 basis points to 6.3%

India receives new Swiss bank account details in annual information exchange

Irdai to deploy Bima Vahak in every Gram Panchayat before end of 2024

  

International News:

Auditors more worried about cybersecurity than AI risks

Grant Thornton's revenues hit $2.4B

US SEC shortens stock disclosure deadline to 5 days

FASB amends codification to align with SEC disclosures


Useful Forms:

Income Tax Offline Utilities:

eFiling Utility for Form 10BB has been released

  

ITR eFiling Utilities:

ITR 6 utilities for Windows and MAC updated

  

MCA Forms:

MCA Forms updated


From the ICAI:

ICAI Technical Guide:

Technical Guide on Reports of Audit u/s 12A/10(23C) of the Income-tax Act, 1961 (Published October 2023)


Legal Updates:

Income Tax:

The Income-tax (Twenty-fourth Amendment) Rules, 2023 - Amendment to Rule 114B, 114BA, 114BB and Form 60 [Notification No.88]

  

RBI:

Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs

  

SEBI:

Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013

SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2023

SEBI (Investment Advisers) (Amendment) Regulations, 2023

  

IRDAI:

Amendment to Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) 2022


 

 

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