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The alley for Indian Chartered Accountants

Daily Newsletter - February 21, 2025

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Latest additions to CAalley:

News Update:

Indian News

Budget 2025 News

International News

Exposure Drafts:

CCI Draft

SEBI Draft

Acts & Regulations:

RBI Master Direction

SEBI Regulations

International Content:

PCAOB Reference Material

Legal Updates:

Income Tax

IFSCA

SEBI

Customs

 


  

News Update:

Indian News:

EOW summons CA who gave ‘A’ grade to New India Cooperative Bank

Gratuity payment can be denied by employer in this condition, rules Supreme Court

Credit score information stolen? Tips to detect and prevent fraud

RBI rejects all bids at auction to ease liquidity

Govt should bear higher premium for increased deposit insurance: AIRBEA

FinMin to meet heads of PSBs on Mar 4, to review financial performance

Sebi mulls framework for fast track follow-on offer by REITs, InvITs

End of arbitrary arrest by income tax officers? New Income Tax Bill 2025 proposes to decriminalise Section 276CCC

Govt set to notify EV policy with new investment rules as Tesla prepares for India entry

Govt extends Chief Economic Adviser Nageswaran's term until March 2027

ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect

Big relief for Patanjali Foods as SC quashes Rs 186 crore tax demand

ICAI: Disciplinary action against 241 CAs, a new record

Earning individuals in India spend over 33% of monthly salary on EMI: Study

  

Budget 2025 News:

Budget changes: Will capitals gains make you ineligible for tax rebate?

  

International News:

DOGE Dividend: Donald Trump plans to share $55 billion with direct payments of $5,000 to every taxpayer


Exposure Drafts:

CCI Draft:

Draft "The Competition Commission of India (Determination of Cost of Production) Regulations, 2025"
[Last date for Comments: March 19, 2025] 

  

SEBI Draft:

Consultation on Draft Circulars - Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) and Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024
[Last date for Comments: March 13, 2025] 


Acts & Regulations:

RBI Master Direction:

Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023 (Updated as on February 17, 2025)

  

SEBI Regulations:

SEBI (Mutual Funds) Regulations, 1996 [Last amended on February 17, 2025]

SEBI (Procedure for making, amending and reviewing of Regulations) Regulations, 2025


International Content:

PCAOB Reference Material:

Audit Focus Series
Journal Entries
[January 2025]


Legal Updates:

Income Tax:

TDS from salaries u/s 192 during FY 2024-25 [Circular No.3]

 

IFSCA:

Appointment and Change of Key Managerial Personnel by a Fund Management Entity

 

SEBI:

Investor Charter for Stock Brokers

Clarification regarding Investor Education and Awareness Initiatives

 

Customs:

Seeks to amend notification No. 50/2017-Customs [Notification No.15]


  

  

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