Important Links
Indian News
- Sebi plans revamp of MF categorisation norms to curb scheme overlap
- NCLAT stays insolvency proceedings against Reliance Infrastructure
- Tired of EPF passbook site errors? This govt app can help; here's how
- Income tax audit forms are now enabled for business and professional income on ITR e-filing portal, check 5 prominent changes in form 3CA-3CD and 3CB-3CD
- Online ITR-2 filing enabled with pre-filled data: Income taxpayers with capital gains, crypto, other incomes can now file ITR-2 online
- Rs 1,700 crore: Hidden cost of sending money abroad
- CGHS rates to be revised soon, says Union Minister Mansukh Mandaviya
- Got a job interview? Be ready to impress a bot
- Byju's founders plan $2.5 billion lawsuit against investors, lenders
- No more tax gridlock? Parliamentary panel recommends time-bound resolution of tax cases in I-T bill
- Irdai may curb Kiwi Insurance's retail health plans over promoter links
- UIDAI eyes Aadhaar KYC overhaul for offline verification; what's likely to change?
- ₹100 crore fraud: ED probes Bengaluru’s Souharda banks for allegedly cheating 15,000 depositors
- Indian engineer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical grounds
- Centre appoints former CBDT Chairman Nitin Gupta as NFRA chief
- AI font forensics helps income tax (I-T) in Hyderabad bust Rs 68 lakh LTCG fraud; exposes forged document from 2002
- Lok Sabha select committee proposes 285 changes to Income Tax Bill, 2025
- NPCI adds 13 Indian banks to India-Singapore UPI-PayNow platform
- ITR-3 Excel utility for AY 2025-26: Seven major changes in ITR-3 Excel utility that all taxpayers including stock traders should note
International News
- 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
- Is your audit quality at the level it needs to be?
- PwC UK to reduce 175 audit roles amid market challenges
- ICAEW proposes four principles to future-proof reporting accountants
- [UK] Audit regulator publishes first-ever guidance on AI use
- [UK] Big accounting firms fail to track AI impact on audit quality, says regulator
- ICAEW four principles for evolution of reporting accountant role
- PCAOB fines Dutch Big Four member firms for exam misconduct
- PCAOB permanently bars repeat offender
- IASB Issues Revised Practice Statement on Management Commentary
- PCAOB Gets New Life—For Now — Thanks to the Senate’s Nonpartisan Referee
- Banks are financing their own multitrillion-dollar nightmare
- €10,000 fine and ‘severe reprimand’ for auditor of collapsed med-tech company Hibergene
- Audit transparency unlocked: The value of critical audit matters (CAMs) to investors
Taxation Laws Update
- 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
- Customs Update - July 2, 2025
- Income Tax Notification No.70: Cost of Inflation Index for FY 2025-26
- Income Tax Circular No.8: Clarification regarding waiver on levy of interest under section 201(1A)(ii)/ 206C(7)
- Customs Notification No.44(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Notification No.5(CVD): Imposes CVD on Digital Offset Printing Plates, originating in or exported from China PR and Taiwan
- Customs Update - June 27, 2025
- Income Tax Notification No.69: DTAA with The Sultanate of Oman
- Income Tax Circular No.7: Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority
- GST Circular No.250: Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by CAA for show cause notices issued by DGGI
- Customs Update - June 24, 2025
Corporate Laws Update
- RBI Update - July 18, 2025
- DGFT Corrigendum to Notification No. 21/2025-26
- IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 04.07.2025)
- DGFT Circular No.1: Clarification regarding Export of "Organic Textiles"
- IBBI Circular: Withdrawal of Form IP-1 for assignments under IBC Processes
- SEBI Master Circulars - Latest additions
- RBI Circular: Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans
- RBI Circular: Basel III Capital Regulations – External Credit Assessment Institutions – CareEdge Global IFSC Limited
- DGFT Public Notice No.14: Fixation of new SIONs under ‘Chemical and Allied Product’
- MCA Notification: Companies (CSR Policy) Amendment Rules, 2025
- MCA Notification: Companies (Listing of equity shares in permissible jurisdictions) Amendment Rules, 2025
- MCA FAQs: Lot-3 forms FAQs
- IBBI Notification: IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025
- FEMA Circular: Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025
- RBI: Master Direction on Financial Statements - Presentation and Disclosures
- RBI Master Direction: RBI (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016
- RBI Circular: RBI (Pre-payment Charges on Loans) Directions, 2025
- MCA Notification: The Companies (Incorporation) Amendment Rules, 2025
- MCA Notification: The Companies (Restriction on Number of Layers) Amendment Rules, 2025
- IEPF: Notice under Rule 7(3) or 7(7) of IEPFA(AATR) Rules, 2016
CA's Referencer
- 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
- CA's Referencer - Income Tax: List of banks for tax payments available at e-Pay Tax service at e-Filing Portal
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- IAASB Reference Material: First-Time Implementaion Guide - ISA for LCE
- ICAI Announcement: Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
- ICAI FAQs: Guidance Note on Financial Statements of Non-corporate Entities
- ICAEW Reference Material: ICAEW Code of Ethics 2025
- FASB Reference Material: ASU - Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity
- CA's Referencer - ICAI: Excel Utility for New formats for financials of Non Corporate entities
- IFRS Sustainability Reference Material: Roadmap development tool for adopting ISSB Standards
- ICAI Announcement: Additional information required during UDIN generation
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- SEBI Draft: Categorization and Rationalization of Mutual Fund Schemes
- IFSCA Draft: Reporting and clearing of OTC Derivatives in IFSC
- SEBI Draft: Review of valuation of physical gold and silver held by gold and silver ETFs
- DGFT Draft: Internal Compliance Programme Document for adoption by Industry for export of dual use (SCOMET) items
- IFRS Draft: IFRS 16 Leases - Post-implementation Review
- RBI Draft Directions: Closure of Shipping Bills in the Export Data Processing and Monitoring System (EDPMS)
- 3 IFSCA Drafts
- RBI Draft: RBI (Novation of OTC Derivative Contracts) Directions, 2025
