Weekly Newsletter - February 27, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Reference Section:
Useful Forms:
International Content:
Legal Updates:
News Update:
EU signals no concession for India on CBAM, deforestation regulation
CBDT amends norms, mandates detailed income disclosures for business trusts
40,000 taxpayers under lens for deductions, CBDT targets TDS defaulters
RBI frees up bank capital with NBFC risk weight rollback
Centre considers to revamp bankruptcy laws amid low recovery rates
Sebi proposes fresh steps to tighten derivative market rules to reduce risk
Centre kickstarts process for stake sale in PSBs and listed PFIs
LIC gets GST demand notice of Rs 57.2 crore for excess ITC availed
RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore
RBI eases restrictions on New India Co-operative Bank
Experts seek clarity on new I-T rules for NPOs
Downward shift in liquidations seen under IBC: IBBI chairperson Ravi Mittal
Sebi mulls expanding investors pool for angel funds
Who will audit unlisted assets overseas? Indians are in a fix
India, UK to resume negotiations on proposed trade agreement from Feb 24
US can go beyond rates to coerce India under reciprocal tariff plan
Sebi slaps Rs 10 lakh penalty on Axis Securities for violating stock brokers rules
RBI proposes to do away with pre-payment levy on business loans taken by individuals/MSEs
Income Tax Bill 2025 offers forex adjustments for non-residents on unlisted shares
Income Tax Bill 2025: New Bill clarifies carry forward of house property losses
RBI imposes penalty on Citibank, Asirvad Micro Finance, JM Fin Home Loans
Bank of India reports Rs 226.84 cr loan fraud by Gupta Power Infrastructure
NSDL, CDSL launch Unified Investor App: How will it benefit investors?
EOW summons CA who gave ‘A’ grade to New India Cooperative Bank
Gratuity payment can be denied by employer in this condition, rules Supreme Court
Credit score information stolen? Tips to detect and prevent fraud
RBI rejects all bids at auction to ease liquidity
Govt should bear higher premium for increased deposit insurance: AIRBEA
FinMin to meet heads of PSBs on Mar 4, to review financial performance
Sebi mulls framework for fast track follow-on offer by REITs, InvITs
Govt set to notify EV policy with new investment rules as Tesla prepares for India entry
Govt extends Chief Economic Adviser Nageswaran's term until March 2027
ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect
Big relief for Patanjali Foods as SC quashes Rs 186 crore tax demand
ICAI: Disciplinary action against 241 CAs, a new record
Earning individuals in India spend over 33% of monthly salary on EMI: Study
Budget changes: Will capitals gains make you ineligible for tax rebate?
Is the FRC doing enough to support small audits?
The real AI divide in accounting is between the fearful and the fearless
Exposure Drafts:
Draft Circular on ‘Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans’
[Last date for Comments: March 21, 2025]
Draft "The Competition Commission of India (Determination of Cost of Production) Regulations, 2025"
[Last date for Comments: March 19, 2025]
Consultation Paper on Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
[Last date for Comments: March 17, 2025]
Consultation paper on expanding definition of Qualified Institutional Buyers under SEBI (ICDR) Regulations, 2018, to include Accredited Investors for the limited purpose of investments in Angel Funds
[Last date for Comments: March 14, 2025]
Consultation on Draft Circulars - Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) and Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024
[Last date for Comments: March 13, 2025]
Acts & Regulations:
SEBI (Mutual Funds) Regulations, 1996 [Last amended on February 17, 2025]
SEBI (Procedure for making, amending and reviewing of Regulations) Regulations, 2025
IFSCA (Fund Management) Regulations, 2025
Reference Section:
Useful Forms:
Form No.49C - Updated
Annual Statement under section 285 of the Income-tax Act, 1961
International Content:
Audit Focus Series
Journal Entries
[January 2025]
Legal Updates:
The Income-tax (Fifth Amendment) Rules, 2025 - Amendments to Rules 12CA, 12CC [Notification No.17]
TDS from salaries u/s 192 during FY 2024-25 [Circular No.3]
Appointment and Change of Key Managerial Personnel by a Fund Management Entity
Review of Risk Weights on Microfinance Loans
Review and rationalization of prudential norms - UCBs
RBI (Forward Contracts in Government Securities) Directions, 2025
Opening of Demat Account in the name of Association of Persons
Investor Charter for Stock Brokers
Clarification regarding Investor Education and Awareness Initiatives
Seeks to amend notification No. 50/2017-Customs [Notification No.15]
