Daily Newsletter - October 29, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IRDAI Draft

SEBI Draft

Useful Forms:

ITR eFiling Utilities for AY 2024-25

Legal Updates:

Income Tax

GST

IFSCA

RBI

DGFT

Customs

Central Excise

 

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News Update:

Indian News:

GST return filing time limit soon: No filing to be allowed after 3 years of due date, it's time to file any pending return

CBDT notifies Tolerance Range for Transfer Pricing for A.Y 2024-25 as per proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962

Top firms back NFRA’s new group audit rules

Indian law firms eye longer arms

RBI sets Rs 300 cr networth criteria for central counterparty authorisation

Rs 8,000 cr GST scam shocker: 246 fake companies, 13 states and a mastermind— How did they pull it off?

Tax experts call for quicker disposal of appeals, settlement

Shaktikanta Das receives A+ grade in the central bank report cards 2024

Need fair sovereign ratings for capital access: Sitharaman at IMF meeting

Cryptocurrencies huge risks to financial stability, says RBI Guv Das

Don’t harass traders: Punjab minister to officials

CGST official caught taking Rs 20,000 bribe in MP

Updated timeline of income tax notices released by income tax department; Know why and when you may get a tax notice

Govt should prioritise review of Income Tax Act, get it passed as money bill: SBI Research

NCLAT sets aside Travel Agents Association plea alleging ant-competitive practices by Govt

Govt extends ITR filing deadline for corporates by 15 days till November 15

Ex-GST officer ordered to return Rs 1.24 crore in corruption case, jailed and fined Rs 1 lakh along with wife

 

International News:

ICAEW to launch next generation ACA qualification

Most finance leaders believe sustainability targets out of reach: EY

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Exposure Drafts:

IRDAI Draft:

IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2024
[Last date for Comments: November 13, 2024] 

 

SEBI Draft:

SMS and E-mail alerts to investors by Stock Exchanges
[Last date for Comments: November 18, 2024] 

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Useful Forms:

ITR eFiling Utilities for AY 2024-25:

ITR 2 Excel Utility has been updated

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Legal Updates:

Income Tax:

Extension of due date for furnishing return of income for the Assessment Year 2024-25 [Circular No.13]

 

GST:

Advisory: Barring of GST Return on expiry of three years

Corrigendum to Circular No. 237/31/2024-GST - Refund of pre-deposit paid at the time of filing an appeal

 

IFSCA:

Clarifications in relation to Investment Restrictions on Retail Schemes set up in IFSCs

 

RBI:

Directions for Central Counterparties (CCPs)

 

DGFT:

Alignment of RoDTEP Schedule consequent to changes in the First Schedule of Customs Tariff Act w.e.f. 01.10.2024 [Notification No.39]

Modification of SION E-125 for export of Shea Stearine [Public Notice No.28]

 

Customs:

Notifying Ultapani LCS route Road from Ultapani via Saralpara via Naharani (SSB Camp) to Sarpang District (Bhutan) by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 [Notification No.71(NT)]

Regarding revised list of High End and High Value used/refurbished Medical Equipment other than critical case medical equipment [Instruction No.25]

 

Central Excise:

Seeks to amend No. 11/2017-Central Excise, dated the 30th June,2017 so as to align it with amended Fourth Schedule to Central Excise Act,1944 [Notification No.27]

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