Daily Newsletter - October 16, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Useful Forms:

Income Tax eFiling Utility

Legal Updates:

Income Tax

GST

SEBI

Customs

 

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News Update:

Indian News:

Sebi introduces liquidity window facility for investors in debt securities

'Only a CA can stop fraud done through AI': India TV's Rajat Sharma at ICAI's Global Ethics Day event

ICAI takes matters into its own hands with new quality management standards

Sebi raises F&O position limits to above Rs 7,500 crore or 15% of total OI

Stricter regulatory stance: Now, Esops get the Press Note 3 treatment

Audit quality: Regulatory bodies set for tussle

To clear all doubts on Vivad Se Vishwas Scheme 2024 Income Tax dept releases FAQ

No ‘green-washing’: Products must back eco-friendly claims with scientific evidence, mandate new norms

New ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions

SUV makers hit with Rs 10,000 cr tax notices: Row over GST cess explained

RTGS transactions in dollar, pound and euros soon? Here’s what RBI is planning

Sebi urges investors to deal with only registered persons and entities

 

International News:

ICEAW: AI adoption challenges: an ethical dilemma for auditors

Four accountancy firms complete FRC governance transition

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Exposure Draft:

SEBI Draft:

Consultation Paper on “Opening of demat account in the name of Association of Persons (AOPs) for holding certain securities in dematerialized form”
[Last date for Comments: November 5, 2024] 

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Useful Forms:

Income Tax eFiling Utility:

Common offline utility for Form 3CA-3CD and 3CB-3CD has been updated

Webinar PPT for 3CA-3CD & 3CB-3CD

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Legal Updates:

Income Tax:

The Income-tax (Ninth Amendment) Rules, 2024 - Amendment made due to amendment in Section 206C - Amendment to Rule 31AA of Income Tax Rules, 1962 [Notification No.114]

The Income-tax (Eighth Amendment) Rules, 2024 - TDS on income other than Salary - New Form 12BAA [Notification No.112]

The Income-tax Amendment (Seventh Amendment) Rules, 2024 - Amendments in Registration of Charitable Trusts and Institutions - Amendments in Form 10A & 10AB [Notification No.111]

Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 [Circular No.12]

 

GST:

Important advisory for GSTR-9/9C

Clarification of various doubts related to Section 128A of the CGST Act, 2017 [CGST Circular No.238]

Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017 [CGST Circular No.237]

 

SEBI:

Introduction of Liquidity Window facility for investors in debt securities through Stock Exchange mechanism

Monitoring of position limits for equity derivative segment

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.66(NT)]

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