Weekly Newsletter - November 17, 2023
Latest additions to CAalley:
News Update:
Exposure Draft:
Useful Forms:
Legal Updates:
News Update:
Inactive UPI IDs will be deactivated by December 31, 2023 by payment apps: NPCI
RBI tightens norms on consumer loans, raises risk weight on credit exposure
RBI imposes penalty on Axis Bank, Manappuram Finance for violating norms
MNC arms pay Rs 1,600-cr GST for services from kin abroad
Roles of NFRA and ICAI are not overlapping but complementary: Pandey
Core accountancy tasks still outside PMLA ambit, says ICAI
CBI files chargesheet against CA in bribery case
UCO Bank recovers 79% of wrongly credited amount after technical glitch
New LLP rules to improve transparency: Experts
2 Dabur firms get relief in lawsuits in US, 3rd entity to face charges
RBI directs Bajaj Finance to stop lending under eCOM, Insta EMI Card
Centre may raise threshold for GST evasion cases from Rs 2 cr to Rs 3 cr
Irdai issues exposure draft on EoM for insurers based on RRC suggestions
NFRA joins IFIAR to strengthen global audit oversight
Insurers must curb product mis-selling: Insurance Ombudsman Delhi
11.5 cr PAN cards deactivated for not linking with Aadhaar: How to reactivate
I-T appellate tribunal rules in favour of HDFC Life in Rs 3K cr litigation
Govt relaxes norms for some small savings schemes
Audit Fees Increased 4.6 Percent in 2022
Japan: PCAOB Sanctions KPMG AZSA LLC for Quality Control Violations
Auditors Gear Up for Fight as PCAOB Brings Back Critical Audit Matters to Research Agenda
EY Hit With $3M Ethics Penalty; PCAOB Finds Flaws in 46% of EY Audits
FRC publishes review of companies’ IFRS 17 disclosures
Croatia arrests three suspects linked to crypto fraud
Generative AI revolution: How auditors are leading the way
Exposure Draft:
IRDAI (Expenses of Management, including Commission, of Insurers) Regulations, 2023
[Last date for Comments: December 6, 2023]
Useful Forms:
ITR 7 eFiling Utilities have been updated
Legal Updates:
Advisory for Online Compliance Pertaining to ITC mismatch -GST DRC-01C
ITC Reversal on Account of Rule 37(A)
Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023
Most Important Terms and Conditions
Regulatory measures towards consumer credit and bank credit to NBFCs
Exchange Rate Notification No. 84/2023-Cus (NT) dated 16.11.2023 [Notification No.84(NT)]
Exchange Rate Notification No. 83/2023-Cus (NT) dated 15.11.2023 [Notification No.83(NT)]