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Daily Newsletter - March 19, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

RBI Master Direction

Useful Forms:

Income Tax Return Forms & Utilities for AY 2024-25

Legal Updates:

Income Tax

IBBI

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

Irdai adds more members from diverse sectors to its advisory committee

Life after Bajaj: Allianz fast tracks plans of new alliance with Jio Financial

RBI 'passively' absorbing dollar inflows over past sessions, say traders

NPCI's international arm partners with Singapore firm to expand UPI

Gratuity payment: Quitting your job before 5 years? You can still get gratuity; know how

Sebi clears Korean major LG’s mega IPO

PhysicsWallah files draft papers for Rs 4,600 crore IPO

Sebi slaps ₹ 20 lakh penalty on 4 entities for indulging in non-genuine trades

CBDT invites stakeholders' input for drafting I-T rules and related forms

Taxpayer must prove land's agricultural status for capital gains relief: HC

RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade

CCI raids ad giants GroupM, Dentsu and broadcasters body over price collusion: Sources say

CBDT permits tax offence settlement through compounding under revised rules

NPCI looking to stop cons ‘pulling’ a fast one via UPI

Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service

Over 4.68 lakh taxpayers filed ITR for income over ₹1 crore till Feb 28, shows latest data

  

International News:

PCAOB Sanctions Audit Partner for Multiple Audit Failures in Consecutive Audits and Violation of Partner Rotation Requirements

KPMG global AI in finance report


Acts & Regulations:

RBI Master Direction:

Master Direction – Export of Goods and Services (Updated as on March 17, 2025)


Useful Forms:

Income Tax Return Forms & Utilities for AY 2024-25:

ITR 3 - Excel Utility has been updated


Legal Updates:

Income Tax:

FAQs on Guidelines for Compounding of Offences under the Income-Tax Act, 1961 dated 17.10.2024 [Circular No.4]

  

IBBI:

Disclosure of information relating to carry forward of losses in Information Memorandum (IM)

  

SEBI:

Harnessing DigiLocker as a Digital Public Infrastructure for reducing Unclaimed Assets in the Indian Securities Market

Framework on Social Stock Exchange (SSE)

  

DGFT:

Amendment in import policy condition of Urea [Exim Code 31021010] in the ITC (HS) 2022, Schedule – I (Import Policy) [Notification No.65]

  

Customs:

The Customs (Administration of Rules of Origin under Trade Agreements) Amendment Rules, 2025 [Notification No.14(NT)]

Seeks to impose provisional ADD on Soft Ferrite Cores from China PR [Notification No.4(ADD)]

Seeks to impose Anti-dumping duty on Vaccum Flasks from China PR [Notification No.3(ADD)]

Seeks to impose provisional ADD on Aluminium Foil upto 80 microns, excluding Aluminium Foil below 5.5 micron for non-capacitor application from China PR [Notification No.2(ADD)]


  

  

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