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The alley for Indian Chartered Accountants

Daily Newsletter - April 7, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

MCA Draft

From the ICAI:

ICAI Booklet

Legal Updates:

Income Tax

GST

IBBI

IFSCA

Customs

 


  

News Update:

Indian News:

India may tolerate weaker rupee if tariffs spur yuan decline, sources say

India Post launches KYC verification for mutual funds at your doorstep

RBI MPC meet begins April 7; rate cut of 25 bps likely amid soft inflation

New CPI series from February 2026 to include rural housing inflation

Corporate affairs ministry proposes changes to fast-track mergers

CBDT mandates PAN-Aadhaar linking for specific holders by 2025 end: Details

RBI Launches Verified WhatsApp Channel for Public Awareness

Sebi joins social media platform 'X'. Check ID and other details

Market regulator Sebi issues framework for return verification agency

India's fintech sector gets a governance boost with launch of India Fintech Foundation

  

International News:

KPMG report: AI in financial reporting and audit: Navigating the new era

‘Big Four’ firm Deloitte hardest hit consultancy firm by Elon Musk-led DOGE's saving spree

Deloitte plans US layoffs after Elon Musk’s DOGE cracks down on consulting contracts


Exposure Draft:

MCA Draft:

Draft to amend "The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016"
[Last date for Comments: May 5, 2025] 


From the ICAI:

ICAI Booklet:

Booklet For ICAI Members on Bank Audit UDIN [Issued in April 2025]


Legal Updates:

Income Tax:

Regarding PAN-Aadhar linking for PAN obtained based on Aadhar enrollment ID [Notification No.26]

The Income-tax (ninth Amendment) Rules, 2025 - Insertion of Rule 114(5A) [Notification No.25]

  

GST:

[Revised] Advisory on Case Insensitivity in IRN Generation

  

IBBI:

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025

IBBI (Insolvency Professionals) (Amendment) Regulations, 2025

  

IFSCA:

Framework for Finance Company/Finance Unit undertaking the activity of Global/ Regional Corporate Treasury Centres

Amendment to the ‘Guidelines on Corporate Governance and Disclosure Requirements for a Finance Company

  

Customs:

Seeks to amend entry 515C of notification 50/2017-Customs [Notification No.23]

Seeks to amend notification no. 25/2021-Customs to notify the fifth tranche of tariff concessions under India-Mauritius CECPA [Notification No.22]

Seeks to amend notification no. 22/2022-Customs to notify the fourth tranche of tariff concessions under India-UAE CEPA [Notification No.21]


  

  

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