Weekly Newsletter - June 14, 2023
Latest additions to CAalley:
News Update:
Exposure Drafts:
Reference Section:
International Content:
Financial Reporting Council Paper
Useful Forms:
ITR eFiling Utilities and Forms
Legal Updates:
News Update:
Sebi issues demand notices to 4 entities in Fortis Healthcare fund diversion case
RBI Governor Shaktikanta Das named 'Governor of the Year' in London
GST evasion carried out through 4,909 bogus establishments: Tax official
EPFO releases list of documents needed to apply for higher EPS pension, eases process
IRDAI regulated entities not reporting cyber security incidents on time
NFRA penalises auditor for lapses in audit of Nicco Uco Alliance Credit
MF ‘execution-only platforms’ need to register by September-end, says SEBI
Bank unions oppose RBI's decision to allow compromise settlement for wilful defaulters
AAR: OPD care for substance abuse not GST exempt
Aadhaar-PAN Link deadline is near again. Here’s what Income Tax Department says now
IBBI plans new voting system for bankruptcies
MCA calls meetings on website snags
RBI likely to tighten norms for unsecured lending portfolios of banks
RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomings
Centre to come up with pre-filled GST return forms by year-end: Report
RBI: Now, bank boards must settle with wilful defaulters
Buying property in wife’s name can’t always be called benami: HC
Irdai grants permission to Go Digit Life Insurance to commence business
SEBI's SCORES platform disposes of 2,457 complaints in May
Tax returns filed late, directors of 2 jewellery companies get 6 months rigorous imprisonment
RBI to levy penalties on banks that lose property papers of loan seekers
ITAT: Taxpayer co-owning more than 1 home can claim benefit
I-T assessees to get 21 days to respond to refund queries
Rs 10,000 crore GST fraud: 3,000 shell cos created on fake details
Corp affairs ministry site remains glitchy
FEMA violation: ED issues show-cause notices to Xiaomi, 3 foreign banks
Govt invites applications for 10 NCLT members
RBI notifies 4 key measures to strengthen 1,514 urban co-operative banks
Undue harassment of genuine MSME online sellers by GST officials 'not justified', says industry
Clarification on applicability of TCS on overseas credit card spends soon
RBI allows fintechs to guarantee loans with strict norms
Sebi to digitise processing of investor service requests, complaints by RTAs
CBDC QR codes likely to be interoperable with UPI, says Reserve Bank
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI Guv
RBI to come out with guidelines regarding fraud account classification
RBI not planning to issue norms to regulate social media influencers
Is FD a must? All your queries on opening a bank locker answered
Rupay forex cards to your fixed deposits: How today's RBI policy impacts us
We are only pausing on rates, too early to call on inflation fight: Das
Decoded: Why India's millionaires are flocking to Dubai and Singapore
FRC publish review of fair value measurement
20-nation Eurozone dips into recession, economy shrinks by 0.1% in Jan-March
Exposure Drafts:
Exposure Drafts of Guidance Notes on Forensic Accounting and Investigation Standards (FAIS)
[Last date for comments: June 21, 2023]
Discussion Paper: Simplification of Enrolment and Registration Process for Ease of Entry and Exit in the Insolvency Profession
[Last date for Comments: June 28, 2023]
Discussion Paper: Measures for Increasing the Possibility of Resolution, Value of Resolution Plan and Enabling Timely Resolution
[Last date for Comments: June 27, 2023]
Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations And Other Related Amendments
[Last date for Comments: August 7, 2023]
Reference Section:
Cost of Inflation Index (CII) - Updated
Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 (Updated as on June 08, 2023)
Master Direction - Risk Management and Inter-Bank Dealings (Updated as on June 6, 2023)
What do we mean by practice management?
[Author: ICAEW Practice Team]
Enhancing interconnectedness for audit teams and clients
[Author: ICAEW]
International Content:
Financial Reporting Council Paper:
Thematic Review: IFRS 13 ‘Fair value measurement’
[Published in June 2023]
Useful Forms:
ITR eFiling Utilities and Forms:
Income Tax Return Forms for AY 2023-24 [Updated]
Legal Updates:
Cost of Inflation Index For FY 2023-24 [No.39]
e-Advance Rulings (Amendment) Scheme, 2023 [No.38]
Guidelines for processing of applications for registration [Instruction No.3]
2- Factor Authentication for e-Way Bill and e-Invoice System
Advisory: E-Invoice Verifier App by GSTN
Amendment to Circular on issue of Certified copies of Orders and Circulars
Participation of Mutual funds in repo transactions on Corporate Debt Securities
Online processing of investor service requests and complaints by RTAs
Agency Commission for collection of indirect taxes through ICEGATE payment gateway
Guidelines on Default Loss Guarantee (DLG) in Digital Lending
Framework for Compromise Settlements and Technical Write-offs
Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs)
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review
Circular on Reporting of Cyber Security Incidents by Regulated Entities
Amendment in Appendix 2X of FTP, 2023 [Public Notice No.14]
Exchange Rate Notification dated June 12, 2023 [No.42(NT)]
Exchange Rate Notification dated June 8, 2023 [No.41(NT)]
