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Weekly Newsletter - November 29, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:


Useful Forms:

Income Tax Forms

GST Forms

Customs Forms

Exposure Drafts:

SEBI Drafts


Income Tax FAQs

International Content:

FASB Reference Material

Legal Updates:






News Update:

Indian News:

Corporate debt servicing improves despite higher interest cost

What are whaling attacks? Methods and security tips you should be aware of

Sebi proposes changes in Special Situation Funds to facilitate acquisition of stressed assets

Not for everyday transactions, but cash still store of value: RBI report

GST regime is moving from uncertainty to certainty: FM

Hotels push for GST parity with standalone restaurants

Income Tax department offers 'Discard return' option: When you can use it

RBI in discussions with US, Hong Kong, Swift on digital bank payments

You can now register claim complaints of Rs 50 lakh with insurance ombudsman

SEBI to introduce T+0 settlement trade by March 2024 and instantaneous settlement by 2025, says chief Madhabi Puri

Sebi unveils new framework for fractional ownership of real estate

We will look into it if disclosures on IPO valuation are meaningless, says Sebi chief

LIC exploring possibility of setting up fintech arm: Chairman

Sebi eases rules to aid small NGOs raise funds

Sebi clears decks for smaller REITs, postpones new delisting rules for further study

Government looks to expand NCLT, may add up to 100 members

MAN Industries case: NFRA imposes 5-year ban on auditor for lapses

Madras High Court sets aside govt's IGST refund denial order for Lenovo

Be harsh when you see serious fudging, NFRA tells auditors

Indian markets regulator proposes to ease select insider trading provisions

RBI supersedes Abhyudaya Co-operative bank board, appoints administrator

RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB

RBI sees 'dark patterns' in mis-selling of digital loans

RBI’s list of 75 unauthorized forex trading platforms; How to check authorised list

Deepfake row: Centre to aid citizens in filing FIR against social media platforms for violating IT rules

RBI seeks ways to make digital currency payments easy as cash

SEBI sounds alarm on crowding of IPOs

Need SEBI-like regulatory model for artificial intelligence: Sanjiv Sanyal

NCLAT admits SBI plea against Lavasa Resolution

Go First lenders to vote on liquidation amid lack of suitors: Report

Banks focusing on client acquisition, less on grievance redress: RBI's Rao

Securitisation in personal loan segment may see temporary pause: ICRA

HC questions order issued by GST authorities to cancel firm's registration

Surat: Two arrested for GST fraud

GST notice of ₹400 crore sent to Zomato, ₹350 crore to Swiggy: Report

Govt registers 1 crore GST-exempted informal micro enterprises for access to priority sector loans

89% individuals say income tax refund faster now, finds CII survey


International News:

Australia: ASIC hopes threat of criminal sanction enough to force good audits

FASB issues new segment reporting guidance

Rethinking ethics management after PwC junior auditors fined

Australia: ‘7 out of 10 internal auditors shun professional bodies’

Reference Section:


IIM-A Report of Study on Effectiveness of the Resolution Process: Firm Outcomes in the Post-IBC Period

Useful Forms:

Income Tax Forms:

New / Updated Income Tax Forms


GST Forms:

Updated as on November 23, 2023


Customs Forms:

Updated as on November 23, 2023

Exposure Drafts:

SEBI Drafts:

Consultation Paper on changes in the regulatory framework for Special Situation Funds, a sub-category of Category I Alternative Investment Funds, necessary to facilitate Special Situation Funds to acquire stressed loans in terms of Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
[Last date for Comments: December 27, 2023] 

Consultation paper on providing flexibility in provisions relating to ‘Trading Plans’ under the SEBI (Prohibition of Insider Trading) Regulations, 2015
[Last date for Comments: December 15, 2023]


Income Tax FAQs:

Discard Return FAQs

International Content:

FASB Reference Material:

Business Combinations — Joint Venture Formations (Subtopic 805-60)
Recognition and Initial Measurement

[August 2023]

Legal Updates:


Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023



Discontinuation of filing of certain returns by Insurers and Insurance Brokers



Imposition of Minimum Export Price on export of Onions [Notification No.45]



Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.86(NT)]

Appointment of Common Adjudicating Authority i.r.o. M/s Goldripe International Pvt. Ltd. Meerut, Uttar Pradesh [Notification No.85(NT)]



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