Important Links
Indian News
- GST fraud: ED raids in Jharkhand, West Bengal and Maharashtra
- RBI mandates 10% loan retention for banks, NBFCs under co-lending deals
- ‘Extremely unfortunate’: India reacts strongly to Donald Trump’s 25% additional tariff for buying Russian oil
- ‘Can’t be subjected to harassment in this manner’: Delhi HC raps GST dept over raids at advocate’s office
- GSTAT hearings to start 'very soon': Centre appoints key members, states to follow suit
- Lok Sabha passes Merchant Shipping (Amendment) Bill
- CFO churn: Most finance bosses exit in 2 years
- Fake cops, money laundering via crypto: ED raids 11 locations; all you need to know about Rs 260cr global cyber fraud
- RBI announces 3 consumer-centric schemes to drive financial inclusion
- RBI MPC meet: What stayed the same, what changed in August policy review
- RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech
- PSBs told to setup one portal for startup lending
- RBI removes prior approval requirement for opening vostro accounts
- Jane Street guys are brilliant mathematicians, but we can have PhDs too: Sebi chief
- IT dept finds ₹30,444 cr undisclosed income in FY25, held 465 surveys
- Aadhaar is new weak link in insurance
- Parl panel urges FinMin to expedite full enforcement of GSTAT benches
- Amend Companies Act to bolster ESG initiatives, set up oversight body: House panel tells MCA
- SEBI wants bigger slice for MFs, Ulips and pension funds in IPO pie
- Parl panel suggests regional fintech clusters on lines of GIFT City
International News
- AI evolution prompts sense of urgency among CFOs: Oracle
- FASB introduces guidance on credit losses for receivables
- ISACA Expands Eligibility of First-ever Advanced AI Audit Certification
- PCAOB Revokes Hong Kong Accounting Firm’s Registration, Bars Managing Partner
- Federal Reserve leaves interest rates unchanged even as Trump demands cuts
- World Bank plans securitisation, debt swaps to boost development
- New UK AI audit standard aims to crack down on ‘wild west’ operators
- Charting the global economy: ECB holds rates for first time in a year
- SEC names George Botic as acting chair of PCAOB
- PCAOB Chair Erica Williams to Resign at Request of SEC Chairman
- [UK] BDO criticised by regulator over audit quality
- China tightens grip on rare earth sector with silent quota release
- FRC publishes annual audit firm inspection results
- US audit watchdog sanctions Canadian accounting firm Raymond Chabot Grant Thornton LLP
- PCAOB Fines Illinois Firm $50,000 Over Failures in 17 Broker-Dealer Audits
- IAASB revises auditor fraud standard
- PCAOB Shares Good Practices for Auditors on Engagement Acceptance
- AICPA proposes to toughen auditors' responsibilities for spotting fraud
- PCAOB To Host Virtual Workshops To Assist Smaller Audit Firms With Implementation of New Quality Control Standard
- IESBA tax planning ethics standards take effect
- How technology could rewire corporate reporting
Taxation Laws Update
- Customs Update - August 6, 2025
- Customs Notification No.48(NT): Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver
- Income Tax Notification No.126: The Income-tax (20th Amendment) Rules, 2025 - Changes in the Income Tax Rules, 1962 subsequent to the amendment of Section 10(4E)
- Income Tax Circular No.10: Relaxation of time limit for processing of returns of income filed electronically which were incorrectly invalidated by CPC
- Customs Update - July 25, 2025
- Customs Update - July 23, 2025
- Income Tax Circular No.9: Partial Modification of Circular No.3/2023 reg consequences of PAN becoming inoperative as per Rule 114AAA
- Customs Update - July 21, 2025
- GST Advisory: Regarding GSTR-3A Notices issued for non-filing of form GSTR 4 to cancelled Composition Taxpayers
- GST Advisory: Reporting values in Table 3.2 of GSTR-3B
- Income Tax: Enhancing Tax Transparency on foreign assets & Income: Understanding CRS & FATCA
- GST Advisory: Taxpayer Advisory on upcoming security enhancements
- GST Advisory: GST Portal is now enabled to file appeal against waiver order (SPL 07)
- Customs Notification No.46(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Update - July 16, 2025
- Income Tax: 40 Notifications u/s 10(23FE) of the Income Tax Act, 1961
- Income Tax Notification No.73: IREDA bonds notified as 'long-term specified asset'
- Customs Update - July 11, 2025
- Customs Notification No.6(CVD): CVD on Continuous Cast Copper Wire, originating in or exported from Indonesia, Malaysia, Thailand and Vietnam extended
Corporate Laws Update
- RBI Direction: RBI (Non-Fund Based Credit Facilities) Directions, 2025 (Issued on August 6, 2025)
- RBI Direction: RBI (Co-Lending Arrangements) Directions, 2025 (Issued on August 6, 2025)
- 7 IFSCA Master Circulars - August 5, 2025
- RBI Master Direction: Export of Goods and Services
- SEBI Circular: Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Member Committee
- RBI Circular: International Trade Settlement in Indian Rupees (INR)
- IFSCA Update - August 4, 2025
- RBI Master Direction: Core Investment Companies (Reserve Bank) Directions, 2016
- DGFT Update - August 1, 2025
- MCA - IEPF Notice: Mandatory Filing of Form IEPF-1A with Prescribed Excel Template under Rule 5 (4A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016
- SEBI Circular: Rights of Persons with Disabilities Act, 2016 and rules made thereunder - Mandatory compliance by all Regulated Entities
- RBI Directions: RBI (Investment in AIF) Directions, 2025
- IRDAI Circular: Amendment to Clause 15(a) of Revised Guidelines on Insurance Repositories and Electronic Issuance of Insurance Policies
- IFSCA Circular: Framework for Transition Bonds
- SEBI Update - July 30, 2025
- DGFT Update - July 30, 2025
- IRDAI: Master Circular on Rural, Social Sector and Motor Third Party Obligations
- IFSCA: Guidelines on Ascertaining KMP Eligibility in Accordance with Regulation 7 of the IFSCA (Fund Management) Regulations, 2025
- RBI Master Direction: Lending to Micro, Small & Medium Enterprises (MSME) Sector
- IFSCA Notification: IFSCA (TechFin and Ancillary Services) Regulations, 2025
CA's Referencer
- Excel Utilities for New formats for Financial Statements
- Benefits available to Non- Residents - AY 2026-27
- List of benefits available to Small Businessmen - AY 2026-27
- Benefits available exclusively to Resident Persons and Indian Companies --AY 2026-27
- Benefits available only to Individuals & HUFs - AY 2026-27
- List of benefits available to Salaried Persons - AY 2026-27
- Treatment of Income from Different Sources
- Penalties - AY 2026-27
- Periods of Limitation - For AY 2026-27
- Various Threshold Limits under the Income Tax Act for AY 2026-27
- Gold and silver rates from 01/04/1981 - As amended by Finance Act, 2025
- Tax rates as per IT Act vis a vis Tax Treaties -- as amended by Finance Act, 2025
- Withholding tax rates -- as amended by Finance Act, 2025
- TDS on transfer of certain immovable property - AY 2026-27
- Depreciation Rates - As amended by Finance Act, 2025
- TDS Rates - For AY 2026-27
- Income Tax Rates - AY 2026-27 and 2025-26
- CA's Referencer: CBDT Central Action Plan 2025-2026
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 3 - Related Parties
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 2 - Audit Strategy and Planning
- CA's Referencer: CBDT Guide for Departmental Officers: Assessment of Charitable / Religious Trusts and Institutions
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 2 – Audit of Accounting Estimates and Judgments - Income Taxes - Ind AS 12
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- FRC Reference Material: Thematic Review: Certification of Automated Tools and Techniques
- ICAI: Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 [Revised 2025]
- ICAI Announcement: Limit on number of tax audits (effective from 1.4.2026)
- FASB Reference Material: ASU - Clarifications to Share-Based Consideration Payable to a Customer
- ICAEW Reference Material: Audit Monitoring Report 2025
- FRC Reference Material: AI in audit - Illustrative example and documentation guidance
- PCAOB Reference Material: Audit Focus Series - Auditing Accounting Estimates
- IAASB Reference Material: ISA 570 - Going Concern (Revised)
- IAASB Reference Material: First-Time Implementaion Guide - ISA for LCE
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- IBBI Draft: Measures to enhance integrity of the Corporate Insolvency Resolution Process (CIRP)
- RBI Draft Circular: RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025
- IFSCA Consultation Paper for Framework on Stewardship Code in IFSC
- IFSCA Public Consultation for Review of IFSCA (Global In-House Centres) Regulations, 2020
- 4 SEBI Drafts - August 4, 2025
- SEBI Draft: Facilitating Ease of Doing Business relating to Anchor Investor Allocation, Long-Term Institutional Participation and Retail Quota in IPO under ICDR Regulations 2018
- RBI Draft Master Direction: Business Authorization for Co-operative Banks (Directions), 2025
