Weekly Newsletter - March 12, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
CA's Referencer:
Legal Updates:
News Update:
Sebi cuts timeline to complete rights issues to just 23 days
Carbonated juices to attract 12% GST, not 28%: High court
RBI invites applications for self-regulatory body for account aggregators
Excessive data regulation can impede business expansion of MSMEs, says survey
New accounting norms from April 1 to improve on forex guidance
SC lets audit authority to decide on penal powers over audit quality controllers
Are you stuck with income tax cases? Here's how Section 158AB of Income Tax Act, 1961 can help you
RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy
SME IPOs: Sebi tightens norms for smaller-sized IPOs to safeguard investor interest
RBI asks lenders to widen scope of reporting offshore swap trades
Govt considering incentives for exporters amid global uncertainty, source says
Sebi issues warning to IIFL Capital over merchant banking due diligence
Paytm UPI users can now download expense statements in Excel format
Govt may restore merchant charges on UPI, RuPay transactions for big firms
As govt gears up for 100% foreign investment, insurers push for resident Indians in 2 of 3 key posts
Sebi announces AML, CFT certification for market intermediaries
NCLAT upholds ICICI Securities delisting, dismisses minority shareholder objections
RBI will push payment systems innovations with soft touch regulations: Guv
Irdai lets insurers to undertake transactions in bond forwards for hedging
Internal review identified discrepancies in derivative portfolio: IndusInd
'Stop asking for tax cuts, govt needs funds': Nitin Gadkari to India Inc
GST evasion of Rs 1.95 trn detected by CGST officers during April-January
Social media accounts accessed only in search, survey ops: I-T official
ITAT rules in Shah Rukh Khan's favor: Foreign tax credit rule in India
India slaps anti-dumping duty on water treatment chemical from China, Japan
Govt invites applications for Irdai chief's post as Panda's term ends soon
Forex rate disclosures: ICAI supports change suggested by audit watchdog NFRA
Very close to decision on reducing GST rates & slabs: Nirmala Sitharaman
India eyes strong trade deal with US, aims to double trade: Sitharaman
India has signaled readiness to make deeper tariff cuts, says Donald Trump
Taxman smells a scam in dubious agricultural income declaration
After Madhabi Buch controversies, Sebi to reveal cases of conflict of interest of board members
India's average salary hike likely at 8.8% in 2025: Deloitte report
Are virtual credit cards safer than physical cards amid rising fraud?
WTO compliant trade tariffs meant for national development: FM Sitharaman
How AI can help in better financial planning
EPFO 3.0 rollout soon, subscribers can withdraw funds from ATMs: Mansukh Mandaviya
FM launches digital footprint-based credit assessment model for MSMEs
Over 30k taxpayers declare foreign assets worth ₹29k cr in CBDT's campaign
GST Council revamps GoM for sector-specific tax policy suggestions
Income Tax Bill: ICAI submits suggestions to Parliament's select committee
RBI set to ask lenders to tighten gold loan processes, monitor fund usage
Change your EPF name easily, no documents required for Aadhaar-linked UAN
Does India need to panic due to Trump tariffs? Official says not yet
Sebi's recent directive on 'minimum info' has inconsistencies, laughable: Damodaran
Sebi's F&O cleanup takes 20% retail option traders away from derivatives market
EPFO new rules: Rs 50,000 minimum benefit for short service tenure
Why India's tax office needs to win over taxpayers, and not tyrannise them
Dubai 2-year work visa: Indians to benefit from faster, simpler process
Singapore immigration: Indian work permit holders can stay employed longer
Nasdaq joins exchanges seeking to offer 24-hour equities trading
Auditors could face less heat with Trump in the White House
ECB cuts rates, signals possible further easing amid economic uncertainty
Why AI in accounting needs more than just technology
Exposure Drafts:
Draft CCI (Conduct) Rules, 2025
[Last date for Comments: April 6, 2025]
Public Consultation - Enabling Operating Lease Including any Hybrid of Operating and Financial Lease of Oilfield Equipment as a Financial Product
[Last date for Comments: March 28, 2025]
Consultation Paper on Review of the minimum application size for contribution towards subscription of Zero Coupon Zero Principal Instruments issued by Non-Profit Organizations on Social Stock Exchange
[Last date for Comments: March 14, 2025]
Acts & Regulations:
SEBI (Mutual Funds) Regulations 1996 [Updated upto March 4, 2025]
Useful Forms:
The following Income Tax Forms have been updated:
Form No.64A
Form No.64B
Form No.64C
Form No.64D
Form No.64E
Form No.64F
CA's Referencer:
List of banks for tax payments available at e-Pay Tax service at e-Filing Portal [As on March 5, 2025]
NFRA Auditor-Audit Committee Interaction Series 2 –
Audit of Accounting Estimates and Judgments
Income Taxes - Ind AS 12
[Published on March 7, 2025]
Legal Updates:
The CCI (Manner of Recovery of Monetary Penalty) Regulations, 2025
Faster Rights Issue with a flexibility of allotment to specific investor(s)
SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025
Corrigendum to the SEBI (Mutual Funds) (Amendment) Regulations, 2025
Guidelines on Cyber Security and Cyber Resilience for Regulated Entities in IFSCs
Contribution to Settlement Guarantee Fund (SGF)
Fee structure for ITFS operators/ Applicants desirous to set up an ITFS in IFSC
Exposure to Forward Contracts in Government Securities (Bond Forwards)
Amendment in Export Policy of Broken Rice under HS code 1006 40 00 [Notification No.61]
Seeks to amend import duty on Lentils (Mosur) [Notification No.16]
