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Daily Newsletter - May 21, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

RBI Draft

Legal Updates:

Income Tax

MCA

SEBI

RBI

DGFT

Customs

 


  

News Update:

Indian News:

Stuck UPI payment on PhonePe, Google Pay, Paytm? Possible fraud prevention

India better placed than peers to weather US tariffs: Moody's Ratings

SEBI Press Release: Caution to Investors on Stock Market Scams through Social Media Platforms

One-time set-off of long-term capital loss against STCG: New income tax bill 2025 allows this from tax year 2026-27 onwards

Dubai firm vanishes overnight without a trace, Indian investors lose millions

Govt workers retiring a day before hike to get notional increment: Centre

MSME Ministry partners with Denmark Patent Office to facilitate IPR transfer to MSMEs

NFRA probes Gensol's audit books after Sebi flags fraud, ICAI review underway

New e-Zero FIR: Govt launches pilot project for swift action against cybercrimes; how it can help you

EPF changes in 2025: New form to transfer EPF account, instant UAN activation, other announcements made by EPFO that you need to know

Thinking of a partial EPF withdrawal? Here's a step-by-step guide

90 crore tax deduction approved! Delhi HC allows 54F income tax deduction for buying multiple floors

Sebi revises norms, bars managing directors from MIIs' audit committees

Govt tightens gold import rules, plugs Dubai route misuse under CEPA

CBDT notifies ITR-U: Know who can file updated return, penalty, last date to file

Weekend retreats or tax retreats? India's elite use farmland to save crores

India eyes multi-phase trade deal with US, interim pact likely before July

SC upholds use of input tax credit for mandatory GST appeal deposit

RBI proposes relaxation in norms for investment in AIFs by banks, NBFCs

Supreme Court dismisses telcos' plea for AGR waiver, says govt can help

Why can't Centre have clear cut policy on Bitcoin trade? SC asks

India to tighten rules on firms with indirect foreign ownership: Report

Sebi issues Rs 2.1 cr demand notice to absconding diamantaire Mehul Choksi

Sebi threatens 2 offshore funds holding Adani shares with penalties: Reports

Sending money home? New US bill proposes 5% tax on remittances by non-citizens

India, EU conclude another round of FTA talks; deal likely in two phases

Sebi mandates e-book mechanism for private debt securities above Rs 20 cr

Sebi eases cash flow disclosure norms in corporate bond database framework

Sebi resolves 4,239 investor complaints via SCORES portal in April

  

International News:

AI recruiting has arrived for accounting. It's not enough


Exposure Draft:

RBI Draft:

Draft Reserve Bank of India (Investment in AIF) Directions, 2025
[Last date for Comments: June 8, 2025] 


Legal Updates:

Income Tax:

The Income-tax (19th Amendment) Rules, 2025 - ITR U for AY 2025-26 notified [Notification No.49]

  

MCA:

The Companies (Accounts) Amendment Rules, 2025

  

SEBI:

Norms for Internal Audit Mechanism and composition of the Audit Committee of Market Infrastructure Institutions

Securities Contracts (Regulation) Amendment Rules, 2025

  

RBI:

Alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934

  

DGFT:

Harmonisation of Schedule-Il (Export Policy), ITC (US) 2022 with amendments introduced vide Finance Act, 2025 [Notification No.9]

Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule –I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 [Notification No.8]

Port restriction on import of certain goods from Bangladesh to India - Insertion of a new Para 19 under ‘General Notes Regarding Import Policy’ under ITC (HS), 2022 Schedule 1 (Import Policy) [Notification No.7]

  

Customs:

Port restriction on import of certain goods from Bangladesh to India – Insertion of a new Para 19 under ‘General Notes Regarding Import Policy’ under ITC (HS), 2022 Schedule 1 (Import Policy) [Instruction No.11]


  

  

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