Daily Newsletter - May 5, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
Legal Updates:
News Update:
ITR-2 for FY2024-2025 notified by Income Tax dept: There’s good news for these taxpayers
ICAI to provide forensic standards to global accounting bodies
EPF interest rate rate loss on switching jobs
Samsung fights $520 million India tax demand, points to Reliance practice
Monitor top advance tax payers, check fake claims: CBDT to I-T dept
Sebi working to set up centralised KYC system: Tuhin Kanta Pandey
ICAI to help SEBI in tackling financial fraud
Centre warns industry against transhipment to US; assures clarity on norms
ICAI likely to complete review of Gensol, BluSmart financials in 6 months
CBDT notifies new ITR form 5 for 2025-26 with key updates
SAT upholds Sebi order penalising RIL, 2 execs
India Inc favours top 6 audit firms
SEBI accuses Pranav Adani in insider trading case, he seeks to settle
RBI imposes penalties on ICICI Bank, Bank of Baroda, 2 other lenders
UK-India investment treaty lets companies sue government, sources say
Set up grievance redress system for registration cases: CBIC to CGST staff
PCAOB Adds New Resources on Quality Control Standard
Exposure Drafts:
Consultation Paper on Rationalization of Placement Document for Qualified Institutions Placement
[Last date for Comments: May 23, 2025]
Consultation Paper on Regulatory Amendments for REITs and InvITs
[Last date for Comments: May 22, 2025]
Useful Forms:
The following Income Tax Forms have been updated:
Legal Updates:
The Income-tax (15th Amendment) Rules, 2025 - ITR 2 for AY 2025 26 notified [Notification No.43]
The Income-tax (14th Amendment) Rules, 2025 - ITR 5 for AY 2025-26 notified [Notification No.42]
Timely production of records/information for audit [CGST Instruction No.5]
SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2025
SEBI (Depositories and Participants) (Second Amendment) Regulations, 2025
