Weekly Newsletter - July 26, 2023
Latest additions to CAalley:
News Update:
Reference Section:
From the ICAI:
Acts & Regulations:
Legal Updates:
News Update:
RBI permits banks to open vostro accounts from 22 countries for trade in rupee
Tax council to meet on Aug 2 to finalise online gaming tax: Report
Insurers gave fake invoices when quizzed on tax credit claims: Officials
Govt looks at options to allow listing of startups abroad
Sebi's move to regulate index providers on hold; revised proposal on cards
ED registers 490 fraud cases related to NPAs worth over Rs 20 crore
Use of multiple PAN cards for weddings, IVF under scrutiny of I-T officials
Rs 1.1 lakh crore GST dent from 26k invoice fraud: Finance ministry to Lok Sabha
Instant settlement of share transactions in the works: Sebi chief
100,000 tax notices to be disposed of by March: FM Nirmala Sitharaman
Finance Minister assures taxpayers of a friendly income tax regime
Sebi to consider permitting delisting via fixed price: Madhabi Puri
Is 28% GST applicable on video games, esports? Here's what ESFI says
Cryptocurrency players finally blink; move towards adoption of regulation
Foreign assets become a tricky terrain in income tax return filing
Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
Govt ratifies 8.15% interest rate on Employees Provident Fund for 2022-23
Businessman held for Rs 207cr input tax fraud
SEBI's new ESG regulations pose challenges for top firms
I-T told to adjust tax paid by wife with demand on husband
No TDS on dividends: Income Tax department relief for aircraft leasing services firms
Choco in chikki to attract 18% GST
Sebi planning unique identity code for FPIs
Don’t see us as a villain, NFRA Chairman Pandey tells auditing fraternity
NFRA Chairperson Dr. Ajay Bhushan Pandey participates in 3rd International Conference
Use of Technology in Judicial Institutions
Auditors must follow process, auditing must not be ticking exercise: NFRA
Old GST dues weigh on IBC bidders
Sebi introduces a separate sub-category for ESG investments
US regulator reports rising number of flawed audits
KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot
EY expects more failing grades from US audit inspectors
Australia: Audit firm becomes the first to adopt nine-day fortnight
Reference Section:
CA's Referencer: SEBI: New additions
Income Tax Return Forms and eFiling Utilities for AY 2023-24
[Updated as on July 25, 2023]
NCLAT Forms [New addition]
3 ICAI Exposure Drafts on Amendments to Ind AS 1, 12, 22 and 107
Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 - AY 2023-24
(Effective for the AY 2023-24 and subject to amendments made by law, judiciary or administration, for the subsequent assessment years)
[Last date for Comments: August 6, 2023]
From the ICAI:
Latest additions to ICAI Reference Publications
Acts & Regulations:
SEBI (Stock Brokers) (Second Amendment) Regulations, 2023
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 [As amended on July 24, 2023]
Master Circular - Management of Advances - UCBs
IBBI (Insolvency Professionals) Regulations, 2016 (Amended upto 20-07-2023)
Legal Updates:
Income Tax Advisory - Inopertative NRI PAN
Advisory: e-Invoice Exemption Declaration Functionality Now Available
Resources for Trustees of Mutual Funds
