Daily Newsletter - October 9, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Legal Updates:

GST

IFSCA

SEBI

RBI

Customs

 

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News Update:

Indian News:

Man declares income of Rs 9.6k, pays tax on Rs 43.5L after US earnings added

SEBI issues show cause notices to over 120 stockbrokers for continued association with algo platform Tradetron: Report

Sebi proposes new rules for sharing for financial market data for research and analysis

Banks, NBFCs not permitted to levy foreclosure charges or pre-penalty on loans to micro and small enterprises: RBI

Growth at any cost approach of some NBFCs would be counterproductive: Das

Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfers

RBI MPC meet: UPI Lite per transaction limit hiked to Rs 1,000; UPI Lite wallet limit hiked to Rs 5,000

RBI MPC changes stance to neutral; keeps repo rate unchanged at 6.5%

NFRA aims to adopt best global accounting, auditing standards: Chairman

Sebi specifies checks for AIFs to curb circumvention and ever-greening

Beware of recruitment fraud! Why Infosys is discontinuing issuing job offer letters to new recruits through emails

 

International News:

Internal auditors say AI risks are the toughest

Clients expect auditors to use AI

Auditors play important role in responding to fraud risk: CAQ

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Exposure Draft:

SEBI Draft:

Consultation paper on draft circular for “Policy for Sharing Data for the Purpose of Research /Analysis”
[Last date for Comments: October 29, 2024] 

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Legal Updates:

GST:

Implementation of Decisions of 54th GST Council meeting - Waiver of Late Fee Payable u/s 47 [CGST Notification No.23]

Implementation of Decisions of 54th GST Council meeting - Special Procedure for Rectification of Order u/s 73 / 74 / 107 / 108 [CGST Notification No.22]

Implementation of Decisions of 54th GST Council meeting - Due Date for tax payable in response to demand/order [CGST Notification No.21]

 

IFSCA:

Format for providing information by a Payment Service Provider

 

SEBI:

Specific due diligence of investors and investments of AIFs

 

RBI:

Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit

 

Customs:

Appointment of Common Adjudicating Authority i.r.o M/s. Penta Gold Limited [Notification No.65(NT)]

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