Daily Newsletter - January 6, 2025

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Latest additions to CAalley:

News Update:

Indian News

From the ICAI:

ICAI Announcement

Useful Forms:

ITR eFiling Utilities for AY 2024-25

Legal Updates:

Income Tax

RBI

DGFT

 

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News Update:

Indian News:

Govt plans mandatory hallmarking for silver amid rising consumer demands

No Section 87A tax rebate despite ITR filing forms being updated recently

How Sebi nailed Ketan Parekh

BSE, NSE to hold special session for ITC-ITC Hotels demerger: What we know

Pani Puri vendor gets GST notice as PhonePe and UPI payments cross Rs 40 lakh in a year

Govt amends FTP to make stakeholder consultation mandatory for inclusive decision-making process

ICAI bats for concessional tax regime for partnership firms

Govt releases draft Digital Personal Data Protection Rules, no penal clause

New rule to avoid tax deduction on purchases through IFSC sellers

NFRA's audit quality inspections flag short comings in CA firm

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From the ICAI:

ICAI Announcement:

Empanelment of Chartered Accountant firms/LLPs for the year 2025-2026

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Useful Forms:

ITR eFiling Utilities for AY 2024-25:

The following Utilities have been updated for filing of updated return u/s 139(8A)

ITR 2 - Excel Utility
ITR 3 - Excel Utility

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Legal Updates:

Income Tax:

Notification u/s 197A(1F) of the Income tax Act 1961 in case of section 194Q - No TDS on purchase of goods from a Unit of IFSC [Notification No.3]

 

RBI:

Status of March 30, 2025 for Government transactions through integration with eKuber

 

DGFT:

Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022 [Notification No.49]

Export of Wheat to Nepal through National Cooperative Exports Limited (NCEL) [Notification No.48]

Amendment in Para 6.06 of HBP, 2023 [Public Notice No.38]

Amendment by incorporation of Para 1.04 (k) in Chapter 1 of the Handbook of Procedures 2023 to specify the procedure for furnishing views, suggestions, comments, or feedback from relevant stakeholders including importers/exporters/industry experts concerning the formulation, amendment or incorporation of specific provision(s) in the Foreign Trade Policy [Public Notice No.37]

 

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