Important Links
Indian News
- India reaches 15th spot in top FDI destinations in 2024: UNCTAD report
- Tax amnesty scheme deadline will not be extended beyond June 30: Balagopal
- Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025
- Work pressure drives young chartered accountant to suicide in Hyderabad
- As RBI probes lapses, Standard Chartered Bank sees exits from forex desk
- Unified pension scheme revised: Central employees to receive OPS-like gratuity; Rs 10k minimum pension
- RBI’s new rule on gold-backed loan will lead to biz model adjustment: S&P
- No more spam calls from banks for loans, credit cards: TRAI, RBI join forces to provide relief to customers
- Sebi eases ESOP rules for startup founders ahead of IPO plans
- Gujarat Rolls Out New GST Ordinance 2025, Tightens Tax Compliance With Digital Tracking
- Sebi proposes widening accreditation scope for KRAs, allows AIFs to provisionally onboard investors
- Auditors support CAG move to rope in private firms
- Max 60 tax audits per partner likely: ICAI
- FASTag annual pass: How to purchase, validity, cost, trip limit & more - Top 15 FAQs answered
- Your bank locker may be sealed! Haven’t signed the updated locker rent agreement? Here’s what banks may do
- Sebi bans media guest expert Sanjiv Bhasin, 11 others from securities market for stock manipulation
- NFRA guidance to nip financial fraud
- Sebi asks portfolio managers to remove exaggerated advertisements
- Bond boost ahead: RBI to reissue Rs 27,000 crore in securities, 2029 and 2054 maturities part of Centre’s borrowing plan
International News
- PCAOB sanctions firm, partner on five audits
- China talks up digital yuan in push for multi-polar currency system
- Audit Committee Chairs Expect Clear, Open Communications From Auditors – PCAOB Report
- ICAEW shares lessons learned to boost audit quality
- UK: One in ten audits flagged for 'major improvements'
- Deloitte to cut bonuses and slow promotions due to missed targets
- PCAOB to Form Smaller Firm Resource Group to Advise Staff
- Is a fraud pandemic around the corner?
- Firms should start auditing AI algorithms
- PCAOB offers advice on auditing accounting estimates amid SEC concerns
- Russia cuts interest rate by 100 bps from 20-year high; warns tight policy will stay
- ECB trims rates: Cuts benchmark rates by 25 bps amid Trump tariff risks; growth path now hinges on trade talks
- ISACA introduces new Advanced in AI Audit Certification
- FASB releases standard on share-based consideration
- AI recruiting has arrived for accounting. It's not enough
- Accounting becomes gateway to entrepreneurship
- FASB issues guidance on business combinations
- KPMG rolls out AI-powered tool for mitigating tariff risks
- PwC axes 1,500 jobs in the US amid low attrition and slow growth
- PCAOB wants examples of Critical Audit Matters
- Report: AI and the Future of the Global Chartered Accountancy Profession
- FASB proposes guidance on accounting for debt exchanges
Taxation Laws Update
- GST: Advisory to file pending returns before expiry of three years
- Customs Instruction No.16: Ensuring adherence of Indian Standard of respective Input material of Steel and Steel Products
- GST Advisory: Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals
- Income Tax Guidelines: Guidelines for compulsory selection of returns for Complete Scrutiny during the FY 2025-26
- Customs Notification No.43(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Notification No.42(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Update - June 13, 2025
- GST Advisory: Filing of SPL-01/ SPL-02 where payment made through GSTR 3B and other cases
- GST Advisory: Filing of Amnesty applications under Section 128A of the CGST Act
- GST Circular No.249: Generation and quoting of DIN on any communication issued by the officers of CBIC to tax payers and other concerned persons
- GST Advisory: System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers
- Income Tax Notifications No. 50 & 51: Amendments to Schedule 80IE
- Income Tax Circular No.6: Extension of due date for furnishing return of income for the AY 25-26
- GST Advisory Barring of GST Return on expiry of three years
- GST Advisory: Non-editable of auto-populated liability in GSTR-3B
- Income Tax Notification No.49: ITR U for AY 2025-26 notified
- Customs Notification No.34(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Instruction No.10: Arrest Report and Incident Report (where arrest not made) – revised formats
- Customs Update - May 12, 2025
- Income Tax Notification No.46: ITR 7 for AY 2025-26 notified
- Customs Update - May 9, 2025
- GST Advisory: Updates in Refund Filing Process for Recipients of Deemed Export
- Income Tax Notification No.45: ITR Form V notified
Corporate Laws Update
- MCA: Notification regarding designation of Special Courts
- RBI Directions: Reserve Bank of India (Project Finance) Directions, 2025
- DGFT Update - June 18, 2025
- RBI Circular: Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
- RBI Master Direction: RBI (Electronic Trading Platforms) Directions, 2025
- SEBI Regulations: SEBI (Alternative Investment Funds) Regulations, 2012
- MCA Circular No.2: Separate Filing of e-form CSR-2 post the period of transition from MCA21 V2 to V3
- MCA Circular No.1 Relaxation of additional fees for filing of 13 e-forms during the period of transition from MCA21 V2 to V3
- IRDAI Circular: Advisory to All Insurers, Reinsurers, Life Insurance Council and General Insurance Council
- RBI Master Circular/Directions - recently updated
- MCA 21 V3 Presentation on Company module – Lot-3 forms 14th July 2025 Go-Live
- IFSCA Circular: Fee structure for KYC Registration Agencies in IFSC
- RBI Circular: Import of Shipping Vessel - Relaxation
- RBI Update - June 13, 2025
- SEBI Update - June 13, 2025
- DGFT Update - June 13, 2025
- RBI Circular: Basel III Capital Regulations - External Credit Assessment Institution (ECAI)
- SEBI Circular: Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors
- SEBI Circular: Extension of timeline of additional liquidation period for VCFs migrating to SEBI (Alternative Investment Funds) Regulations, 2012
- SEBI Circular: Framework for ESG Debt Securities (other than green debt securities)
- SEBI Circular: Limited relaxation from compliance with certain provisions of SEBI (LODR) Regulations, 2015
- IBBI Circular: Revised Forms for Corporate Insolvency Resolution Process (CIRP)
- DGFT Update - June 11, 2025
- IFSCA Update - June 11, 2025
- SEBI Update - June 11, 2025
CA's Referencer
- 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
- CA's Referencer - Income Tax: List of banks for tax payments available at e-Pay Tax service at e-Filing Portal
- CA's Referencer: RBI Handbook on Regulations at a Glance
- CA's Referencer - SEBI: Formats of Due Diligence Certificate to be Given by the Debenture Trustee
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 1 – Accounting Estimates - Expected Credit Losses
- Withholding Tax Rates
- Treatment of Income from Different Sources - For AY 2025-26
- TDS Rates - For AY 2025-26
- TDS on transfer of certain immovable property - AY 2025-26
- Tax rates as per IT Act vis a vis Tax Treaties
- Income Tax Rates - AY 2025-26 and 2024-25
- Income Tax Penalities & Prosecution - AY 2025-26
- Income Tax Benefits Available to Small Businessmen - For AY 2025-26
- Income Tax Benefits Available to Salaried Persons - For AY 2025-2026
- Income Tax Benefits Available to Non- Residents - For AY 2025-26
- Income Tax Benefits Available Only To Individuals & HUFs - For AY 2025-26
- Income Tax Benefits Available Exclusively to Resident Persons and Indian Companies - For AY 2025-26
- Income Tax - Various Threshold Limits - AY 2025-26
- Income Tax - Periods of Limitation - AY 2025-26
- Gold & Silver Rates
- Depreciation Rates
- Cost of Inflation Index
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- ICAI Publication: Handbook on Exempted Supplies under GST
- ICAI Publications: Background Material on GST - Volume 1 & 2
- ICAI: Reference Materials for "New Formats for Financial Statements":
- FRC Reference Material: Guidance on the Going Concern Basis of Accounting and Related Reporting
- ICAI Publication - Ind AS: Study on Compliance of Financial Reporting Requirements (Ind AS Framework) - Volume-III
- ICAI Booklet For ICAI Members on Bank Audit UDIN
- ICAI FAQs: Unique Document Identification Number (Revised in January, 2025)
- PCAOB Reference Material: Considerations for Audit Firms Using the Work of Specialists
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- RBI Draft Master Direction: RBI (Rupee Interest Rate Derivatives) Directions, 2025 under Section 45 W of the RBI Act, 1934
- SEBI Draft: Extending certain flexibilities under accreditation framework
- ICAI Exposure Draft: Proposed Guidelines for Overseas Network
- SEBI Draft: Periodic disclosure requirements for Securitised Debt Instruments
- ICAI Exposure Drafts: Updated Forensic Accounting and Investigation Standards (FAIS) and its Implementation Guide
- SEBI Draft: Circular on FAQs related to regulatory provisions for Research Analysts
- IFSCA Revised Draft: Revamped Regulatory Framework for Global Access in the IFSC
