Weekly Newsletter - September 6, 2023
Latest additions to CAalley:
News Update:
Reference Section:
Exposure Drafts:
International Content:
Useful Forms:
From the ICAI:
Legal Updates:
News Update:
EPFO issues fresh guidelines for granting exemption to establishments
Unused leave exceeding 30 days will be compulsorily paid by employers under new labour laws
Supreme Court stays Karnataka HC order on Gameskraft tax evasion case
Crypto millionaires migrating to protect interests, Singapore tops list
Sebi's new cybersecurity guidelines: What it means and their implications
Sebi likely to implement one-hour settlement of trades by March 2024
RBI plans to widen use of wholesale CBDC in call money market: Official
FinMin initiates Budgetary exercise for 2024; seeks inputs from ministries
RBI allows scheduled commercial banks to issue credit lines through UPI
Das flags slow cross-border payments, bats for CBDC use
Biz can claim ITC on goods procured for distribution to dealers: GST AAR
Forensic audits gain pivotal role in insolvency landscape
Chief executives of shadow banks urge RBI for accepting public deposit
Sebi to curb finfluencers to help investors get accurate, unbiased info
SEBI body to vet return claims of intermediaries
Brokers seek relaxation on SEBI audit firm rule, term it ‘discriminatory'
IRDAI obliged to ensure persons with disability not unduly prejudiced: HC
Irdai approves modification on withdrawn life insurance products
RBI governor rated A+ in global finance central banker report cards 2023
McDonald's, Domino's and 200 others now face a Rs 30,000 cr tax demand
50% of MSMEs ask for monetary incentives to adopt sustainability: SIDBI–D&B SPeX
RBI cautions UCB directors against camouflage of financial position
Traders to go on strike over ‘harassment’ by GST officials
SEC readies revised rules for reports on sustainability
FASB raises tax transparency bar
Australia: Big four earn 99.3pc of top companies’ audit fees
FASB issues new chapter of its Conceptual Framework
AICPA seeks comments on proposed changes to QM standards
Audit Quality Is More Complex Than One Board’s Inspection Data
Reference Section:
Quality management standards: How to perform a root cause analysis
[Source: Journal of Accountancy]
Exposure Drafts:
Draft 'The Competition Commission of India (Combinations) Regulations, 2023'
[Revised 2023]
Consultation Paper on Performance Validation Agency
[Last date for Comments: September 21, 2023]
Proposed Statement on Standards for Attestation Engagements
[Last date for Comments: December 1, 2023]
International Content:
Useful Forms:
Updated Utilities for ITR 7 Windows and Mac
and
ITR 5 Excel Utility updated
From the ICAI:
Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961
[Revised 2023]
Technical Guide on Audit of Non-Banking Financial Companies (Revised 2023 Edition)
Legal Updates:
Advisory: Introducing Electronic Credit Reversal and Reclaimed statement
Limited Liability Partnership (Second Amendment) Rules, 2023 - Revised LLP Forms 3 & 4
Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
IRDAI Circular: Modifications permitted to withdrawn Products of Life Insurers
Monthly workshops on Cross-border E-Commerce [Trade Notice No.25]
Revised SION for Leather and Leather Products and its General Note [Public Notice No.30]
Streamlining of Customs Post Clearance Audit (PCA) Work [Instruction No.27]
Amendment to modify Customs duty exemption provided to textile machineries [Notification No.52]
Union Home Ministers Special Operation Medal [Instruction No.26]
