Daily Newsletter - October 5, 2024
Latest additions to CAalley:
News Update:
Exposure Draft:
Useful Forms:
From the ICAI:
CA's Referencer:
Legal Updates:
News Update:
Govt extends term of RBI deputy governor Rao for another one year
CBIC orders immediate de-mapping of retired, transferred officers from GST portal
RBI says banks' group entities cannot be used to circumvent norms
SC lays down ‘functionality’ and ‘essentially’ test for Input Tax Credit eligibility
Supreme Court allows claiming input tax credit on construction expenses
NFRA circular warns against selective application of audit standards
Observed 'gross negligence and audit failure' in audits of GFS: NFRA
NFRA seeks to enforce scalable audit system
91% Indian CEOs want to link rewards, promotions to office attendance: KPMG
Sebi reduces trading lot size of privately placed InvITs to Rs 25 lakh
Big auditors now move away from non-audit work
Panel considers lower GST on several mass-use items
DGGI sends 300 notices to cos' top brass over input tax credit
Finance ministry releases new norms for handling delayed tax refund claims
IFAC guide helps smaller firms monitor quality management systems
Exposure Draft:
Consultation Paper on Principles to Mitigate the Risk of Greenwashing in ESG Labelled Debt Securities in the IFSC
[Last date for Comments: October 25, 2024]
Draft Circular on Forms of Business and Prudential Regulation for Investments
[Last date for Comments: November 20, 2024]
Draft Circular for “Facilitation to SEBI registered Stock Brokers to access Negotiated Dealing System-Order Matching (NDS-OM) for trading in Government securities- Separate Business Units (SBU)”
[Last date for Comments: October 25, 2024]
Useful Forms:
The following ITR eFiling Utilities have been updated:
From the ICAI:
ICAI Publications: Internal Audit [New addition]
ICAI Publications: Valuation [New addition]
CA's Referencer:
Responsibilities of Principal Auditor and Other Auditors in Group Audits
Legal Updates:
The IEPFA (Form of Annual Statement of Accounts) Amendment Rules 2024
Appointment of Chairperson of IEPFA
Due diligence in relation to non-resident guarantees availed by persons resident in India
