CAalley Newsletter dated November 23, 2022
Latest additions to CAalley:
News:
Exposure Drafts:
Legal Updates:
News:
GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI
DTAA amendment by Australia likely to come into force from April 1
Bank boards can decide on waiving penalty on minimum balance: Karad
Centre likely to raise EPFO wage threshold
Interest subvention on KCC crop loan to continue in FY23 & FY24: RBI
Sebi bans fresh inflows into AIF schemes making 'priority distribution'
Financial regulators designed in socialist era, must change: Amitabh Kant
T+1 settlement cycle for all F&O stocks from January: Stock exchanges
Banks' overnight SDF balances eligible for LCR computation: RBI
Irdai draft norms do away with specific caps on commissions to agents
CBIC not to file review petition in SC for restoring IGST on ocean freight
CBI arrests I-T official for accepting bribe of Rs 5 lakh in Mandsaur
ITR filing: What is the co-browsing feature on Income Tax website for taxpayers?
India's digital personal-data protection bill puts privacy at risk
Sebi extends deadline for settlement scheme on illiquid stock options cases to Jan 21
Fake certificates of CAs used to ‘set up’ industry, units in Sonepat
Bihar Income Tax Detects ₹ 100 Crore "Unaccounted Income" In 5 Cities
No takers for 6% GST rebate on apple cartons
Supreme Court to set up separate special Bench to hear tax matters
28% GST on online gaming likely; Council to take a final call on valuation
IBBI expected to introduce two key changes to the Insolvency Law: Report
Jeevan Pramaan: Information required to generate digital life certificate
Govt should rethink several clauses of draft data bill: Justice Srikrishna
Google Pay, PhonePe, other UPI payment apps may impose transaction limit
New roadmap likely for capital gains taxation in Budget 2023-24
Regulating NBFCs like banks to impair lending model: FIDC to FM Sitharaman
New year, new challenges: Preparing for sustainability disclosures
IFRS Foundation proposes taxonomy changes to enhance data and improve usability
PCAOB Proposes a New Quality Control Standard
Exposure Drafts:
IRDAI (EOM of Insurers Transacting Health & General Insurance Business) Regulations, 2022
[Last date for Comments: December 14, 2022 to be sent to
IRDAI (EOM of Insurers Transacting Life Ins Business) Regulations, 2022
[Last date for Comments: December 14, 2022 to be sent to
IRDAI (Payment of Commission) Regulations, 2022
[Last date for Comments: December 14, 2022 to be sent to
A Firm's System of Quality Control and Other Proposed Amendments to PCAOB Standards, Rules, and Forms
Last date for Comments: February 1, 2023]
Legal Updates:
The Central Goods and Services Tax (Fourth Amendment) Rules, 2022 [No.24]
Seeks to empower the CCI to handle anti-profiteering cases under CGST Act, 2017 [No.23]
The Companies (Registered Valuers and Valuation) Amendment Rules, 2022
Schemes of AIFs which have adopted priority in distribution among investors
Basel III Framework on Liquidity Standards – Standing Deposit Facility