Important Links
Indian News
- RBI consolidates regulatory norms into 238 master circulars, repeals 9,000
- Bank unions slam govt move to open PSB, LIC top posts to private sector
- Top 10 Indian states women prefer to work in
- Jamnagar CA booked in ₹560 cr fake billing case: Officials
- Bank fraud: ED raids jewellery firm's offices, accountant's residence in Kolkata
- AI to IoT: How 4 new technology features will make UPI transactions easier
- RBI realtime cheque clearance system: Customers complain of delays; bank staff not fully trained
- RBI reshuffle: Shirish Murmu takes charge of key departments; central bank realigns deputy governor portfolios
- Govt notifies major amendments to PLI scheme for textiles
- Taxpayer wins case in ITAT Mumbai: Rs 1 crore tax demand quashed after TDS mismatch in Form 26AS
- Sebi raises minimum block deal size to Rs 25 crore, mandates delivery-only trades. Check key takeaways
- Taxpayer deposits Rs 20 lakh in NRE bank account, skips ITR; income tax dept issues notice but he wins
- RBI launches digital currency retail sandbox
- Sebi preparing action plan for quantum-safe computing: Tuhin Kanta Pandey
- CBIC rolls out automated approval system for IFSC code registration
- 53% interest to be paid by Income Tax dept to an individual’s tax refund of Rs 6.42 lakh; Delhi High Court order
- ‘Regulations that tie the hands of audit firms need to go,’ Grant Thornton Bharat CEO Vishesh Chandiok
- RBI proposes changes to credit risk rules for lenders
- Sebi to deploy AI tool to track misleading ads, finfluencer content
- RBI plans to empower ombudsman to award up to ₹30 lakh compensation to aggrieved bank customers
International News
- US tax filing: IRS releases income tax brackets and standard deductions for 2026; here's what has changed
- SEC reduces cost of consolidated audit trail
- FASB update refines reporting scope for derivatives
- Why auditors are the guardians of trust in the age of AI
- Deloitte admits to using AI in $440k report, to repay Australian govt after multiple errors spotted
- PCAOB Fines Marcum Asia $100,000 for Not Communicating Properly with Successor Audit Firm
- KPMG’s Work for Silicon Valley Bank Exposes Audit Limits
- FASB Unveils New Rules Streamlining Internal Software Accounting for Modern Development Methods
- Cybersecurity, AI, and Economic Uncertainty: How Internal Audit Teams Are Managing 2025’s Top Risks
- FRC launches Innovation and Improvement Hub to drive regulatory innovation and market growth
- PCAOB inspection report: Ernst and Young Canada lowers audit deficiency rate
- Internal auditors expand their scope
- PCAOB Shines Light on Broker-Dealer Auditors in Latest Publication
- SEC chair threatens IFRS recognition
- Sherbank Manual for Doing Business in Russia
- AICPA requests clarity on global minimum tax framework
- US Fed meeting: Jerome Powell-led FOMC cuts interest rate by 25 bps; 5 key highlights
- How the PCAOB Can Promote Technology Use in Auditing
- Global trust in chartered accountants rises in AI world
- The future is here: ICAEW launches the Next Generation ACA
- PCAOB posts technology in audit recommendations
Taxation Laws Update
- Customs Update - October 10, 2025
- Customs Notification No.64(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- GST Advisory: Attention : Important Advisory on IMS
- Customs Circular No.25: Implementation of Sea Cargo Manifest Transhipment Regulations (SCMTR), 2018
- Customs Circular No.24: Auto-approval of Incentive Bank Account and IFSC Code Registration requests across all customs location
- CGST Instruction No.6: Provisional sanction of refund claims on the basis of identification and evaluation of risk by the system
- GST Circular No.253: Regarding withdrawal of circular No.212/6/2024-GST
- Customs Update - October 1, 2025
- Customs Notification No.60(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Income Tax: Order u/s 246(6) for specifying scope of e-Appeals Scheme, 2023
- GST Advisory: Invoice-wise Reporting Functionality in Form GSTR-7 on portal
- Customs Update - September 26, 2025
- Income Tax Circular No.14: Extension of timelines for filing of various reports of audit for FY 2024-25 (AY 2025-26) by auditable assessees
- Income Tax Press Release: CBDT extends specified date for filing of various reports of audit for the AY 2025-26
- Central Excise Order No.5/2025: Re-assignment of appeals pending in Nagpur Zone
- GST 2.0: FAQ-5 regarding GST Grievance Redressal
- GST Advisory: New Changes in Invoice Management System (IMS)
- GST Circular No.252: Communication to taxpayers through eOffice - requirement of DIN
- Customs Circular No.23: Communication to taxpayers through eOffice - Requirement of DIN
- GST 2.0: FAQ-4 on fresh advisory issued by the Department of Consumer Affairs related to GST rate revision
- GST 2.0: FAQ-3 on Goods Rate Notifications as per GST 2.0
- Income Tax Circular No.13: Waiver of interest payable u/s 220(2) due to late payment of demand, in certain cases
- GST 2.0 - 4 Central Tax Notifications
Corporate Laws Update
- FEMA Notification: Foreign Exchange Management (Debt Instruments) (Fourth Amendment) Regulations, 2025
- DGFT Update - October 10, 2025
- RBI Notification: Reserve Bank - Integrated Ombudsman Scheme, 2021
- SEBI Circular: Review of Block Deal Framework
- IFSCA Circular: Foreign Currency Settlement System – Instructions for IFSC Banking Units
- MCA Notification The IEPFA (Accounting, Audit, Transfer and Refund) Amendment Rules, 2025 - New From No. IEPF-5
- IBBI Research Publication: Transforming Insolvency Resolution in India
- RBI Circular: International Trade Settlement in Indian Rupees
- RBI Master Direction: RBI (Non-resident Investment in Debt Instruments) Directions, 2025 (Updated as on October 3, 2025)
- 3 Updated RBI Master Directions
- DGFT Update - October 3, 2025
- RBI Update - October 3, 2025
- IFSCA Circular: Foreign Currency Settlement System - Notification of Bye-laws, Rules and Regulations
- DGFT Update - October 1, 2025
- SEBI Circular: Extension of timeline for implementation of Circular on ‘Safer participation of retail investors in Algorithmic trading’
- RBI Update - Sep.30, 2025
- MCA Circular No.4: Extension for filing e-forms DIR-3-KYC and web-form DIR-3-KYC-WEB without fee upto 15.10.2025
- SEBI (Custodian) Regulations, 1996 [Updated]
- RBI Master Direction: Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests
- IFSCA Regulations: IFSCA (Payments Regulatory Board) Regulations, 2025
- RBI Update - September 26, 2025
- RBI Directions: RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025
- RBI Directions: RBI (Authentication mechanisms for digital payment transactions) Directions, 2025
- SEBI Update - September 26, 2025
- DGFT Update - September 26, 2025
- DGFT Update - September 24, 2025
- RBI Master Direction: Risk Management and Inter-Bank Dealings
CA's Referencer
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 4 - Audit of Accounting Estimates and Judgements Impairment of Non-financial Assets- Ind AS 36, SA 540
- CA's Referencer: NFRA-2 Annual Return - Know ‘Why’ & ‘How’
- CA's Referencer - ICAI: Utility For Legal Format of Important Documents
- CA's Referencer - ICAI: Checklist for Preparation of ITR Forms (ITR 1 & ITR 4) [Published by ICAI in August, 2025]
- CA's Referencer - ICAI: Checklist for Certificates issued by Chartered Accountants
- CA's Referencer - MSME: Handbook On “Know Your Lender, Grow Your Business”
- 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
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- ICAI: Indian Accounting Standards (Ind AS): Disclosures Checklist
- ICAI: Guidance Note on Financial Statements of Non-Corporate Entities [Updated in August 2025]
- PCAOB Reference Material: Audit Focus Series - Engagement Acceptance
- ICAI Publication: Income Tax Act, 2025 (Including Tabular Mapping of Sections vis-a-vis Income-tax Act, 1961)
- ICAI Publication: FAQs on Management Representation Letter
- ICAI Announcement: Relaxation in compliance with Guidance Notes on Financial Statements of NCEs / LLPs for annual reporting period 2024-25
- IFRS for SMEs modules - Module 11—Financial Instruments
- ICAI Publication: Suggestions on Practical Issues in GST
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- SEBI Draft: Measures for ease of doing business on Administration of Exchanges
- 3 RBI Drafts - October 8, 2025
- ICAI Exposure Drafts: Standards on Internal Audit (SIAs)
- 3 new RBI Drafts - October 5, 2025
- IFSCA Draft: Master Circulars for Stock Exchanges and Clearing Corporations in the IFSC
- RBI Drafts - October 1, 2025
- RBI Drafts - Sep. 30, 2025
- ICAI Exposure Draft: Manual on Concurrent Audit of Banks
- SEBI Draft: Review of Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems’
- IFSCA Draft: Circular on Internet Banking Services to Clients of IBUs -Review
