caalley logo

The alley for Indian Chartered Accountants

Daily Newsletter - April 25, 2025

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

Acts & Regulations:

RBI Master Directions

Useful Forms:

ITR eFiling Utilities for AY 2024-25

From the ICAI:

ICAI Publications - GST

Legal Updates:

Income Tax

GST

RBI

SEBI

Customs

 


  

News Update:

Indian News:

Government notifies rules for GST appellate tribunals

EPFO eases PF transfer on job change, drops employer approval need

India may allow up to 49% foreign investment in nuclear power plants

Companies can't claim tax deduction on regulatory settlements, says govt

One time tax settlement scheme 2025 by Haryana govt

Tax filing gets easier: New Form 16 format may change how you file ITR, claim refund

Sebi picks 9 audit firms to probe corporate fraud

SEBI to tighten rules on round-tripping after Gensol scam

Sebi facilitates ease of doing biz for SM REITs

Sebi imposes Rs 10 lakh fine on Future Retail

'Made in South Korea': How Chinese companies are allegedly 'evading' Trump tariffs

US tariffs likely to hit India's growth directly by as much as 0.5% points, says FinMin Secy

Your parents, family members can use your UPI for payments via UPI Circle: Know how to use it on BHIM app

Audit rotation kicks off. Who will bag India Inc's big mandates?

ICAI to review Gensol and BluSmart financial statements

New NPS account closure rules: PFRDA issues rules to close NPS accounts for these accountholders


Acts & Regulations:

RBI Master Directions:

Master Directions - Compounding of Contraventions under FEMA, 1999, dated April 22, 2025 (Updated as on April 24, 2025)
(Supersedes Master Direction- Compounding of Contraventions under FEMA, 1999, (Updated as on May 24, 2022))

Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 (Updated as on April 23, 2025)


Useful Forms:

ITR eFiling Utilities for AY 2024-25:

The following utilities have been updated:

Common Offline Utility (ITR 1 to ITR 4)
- Windows Utility
- MAC Utility

ITR 5
- Windows Utility
- MAC Utility

ITR 6
- Windows Utility
- MAC Utility


From the ICAI:

ICAI Publications - GST:

Background Material on GST - Volume 1 & 2
[Published in January 2025]


Legal Updates:

Income Tax:

FAQs on Notification No.38/2025

FAQs on Notification No.36/2025

Deduction to be disallowed for settlement proceedings under specified laws [Notification No.38]

  

GST:

The GST Appellate Tribunal (Procedure) Rules, 2025

  

RBI:

Amendments to Directions - Compounding of Contraventions under FEMA, 1999

Note Sorting Machines: Standards issued by the Bureau of Indian Standards -Revised Timeline for Implementation

Exports through warehouses in ‘Bharat Mart’ in UAE – relaxations

  

SEBI:

The SEBI (Credit Rating Agencies) (Second Amendment) Regulations, 2025

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2025

  

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.28(NT)]


  

  

Read more on:
Don't miss an update!
Subscribe to our email newsletter