Weekly Newsletter - May 14, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
Changes in ITR Form 6 for 2025: Key updates taxpayers should know
Who is Justice BR Gavai? First Buddhist Chief Justice of India
PayU gets final RBI approval to operate as online payment aggregator
Sebi proposes relief for FPIs investing in govt bonds under VRR, FAR
Unified Pension Scheme explained: Key features, FAQs, and what's new
Govt set for up to Rs 2.75 lakh crore bonanza from RBI
Indian accountants worried about AI, tech changes, says ACCA survey
CA among two held in 9-crore bank loan scam
No app, no login: Check your PF balance with just a missed call or SMS
Now pay your LIC premiums on WhatsApp- How it makes your life easier
Was it a 'fraud'? Auditors ask IndusInd Bank
Sebi set to roll out new risk metrics to curb F&O market speculation
Over 30K IBC cases settled pre-admission covering ₹13.78 trillion: Ibbi
RBI mandates reporting of digital lending apps via CIMS portal from May 13
Updated LTCG and STCG capital gains tax table by income tax department
CBI nabs top Income Tax official, four others in ₹70 lakh bribery case
Explainer: India-UK free trade agreement -- all you need to know
MCA notifies new accounting standard for foreign currency transactions
Sebi proposes allowing investment advisers, analysts to use liquid MFs for deposit requirements
RBI imposes penalties on SBI, Jana Small Finance Bank
Delhi South CGST officials bust GST ITC fraud worth ₹7.85 crore; Chartered Accountant arrested
India imposes 5-year anti-dumping duty on Chinese, Vietnamese solar glass
'80% seems right': Donald Trump floats slashing China tariffs to ease trade war
Finance Ministry unveils draft ‘climate taxonomy’ document to aid clean energy investment
Forensic review reveals IndusInd Bank executives traded in its shares
Govt clears revised credit guarantee scheme for startups, max cover ₹20 cr
RBI removes short-term investment limits for FPIs in corporate debt
Paytm parent One 97 Communications settles Esop case with Sebi
GST fraud: ED raids in Jharkhand, West Bengal
Karnataka high court: GST cannot be imposed on solatium paid to landowner
Won money on Dream11, My11Circle? Know income tax rules for this casual income
RBI bumper payout to help offset shortfall in tax revenues, say analysts
What are Specialised Investment Funds and how will they impact investors?
NSE receives in-principle approval from Sebi for electricity derivatives
RBI recognises FIMMDA as SRO for financial markets under new framework
RBI framework suggest impact analysis before finalising regulations
PwC axes 1,500 jobs in the US amid low attrition and slow growth
PCAOB wants examples of Critical Audit Matters
Report: AI and the Future of the Global Chartered Accountancy Profession
FASB proposes guidance on accounting for debt exchanges
Bank of England cuts main interest rate by 0.25% amid US tariff uncertainty
US Fed holds rates steady, cites risk of higher inflation, unemployment
Exposure Drafts:
Consultation Paper on draft IFSCA (TechFin and Ancillary Services) Regulations, 2025
[Last date for Comments: June 1, 2025]
Consultation Paper on draft Revamped Regulatory Framework for Global Access in the IFSC
[Last date for Comments: May 19, 2025]
Consultation Paper on proposal to facilitate relaxation in regulatory compliances for FPI applicants investing only in Indian Government Bonds
[Last date for Comments: June 3, 2025]
Consultation Paper on providing flexibility to AIFs to offer Co-Investment opportunities to investors within the AIF structure under AIF Regulations
[Last date for Comments: May 30, 2025]
Consultation Paper on use of liquid mutual funds for compliance with deposit requirement by Investment Advisers and Research Analysts
[Last date for Comments: May 29, 2025]
Draft Modification to Chapter VII of the Master Circular for listing obligations and disclosure requirements for Non-Convertible Securities, Securitized Debt Instruments and Commercial Paper
[Last date for Comments: May 30, 2025]
Exposure Draft: IFRS Sustainability Disclosure Standard
Amendments to Greenhouse Gas Emissions Disclosures
Proposed amendments to IFRS S2
Exposure Draft & Basis for Conclusions
[Last date for Comments: June 27, 2025]
Acts & Regulations:
From the ICAI:
Handbook on Exempted Supplies under GST [April 2025]
Legal Updates:
The Income-tax (18th Amendment) Rules, 2025 - ITR 7 for AY 2025-26 notified [Notification No.46]
The Income-tax (17th Amendment) Rules, 2025 - ITR Form V notified [Notification No.45]
Advisory on Appeal withdrawal with respect to Waiver scheme
GST Advisory: Updates in Refund Filing Process for Recipients of Deemed Export
GST Advisory: Updates in Refund Filing Process for various refund categories
The Companies (Ind AS) Amendment Rules, 2025
The CCI (Determination of Cost of Production) Regulations, 2025
RBI (Digital Lending) Directions, 2025
Investments by FPI in Corporate Debt Securities through the General Route – Relaxations
Policy Statement: Framework for Formulation of Regulations
Composition of the Internal Audit team for CRAs
Investor Charter for Registrars to an Issue and Share Transfer Agents (RTAs)
Arrest Report and Incident Report (where arrest not made) – revised formats [Instruction No.10]
Seeks to exempt works of art and antiques from Basic Customs Duty [Notification No.29]
