Important Links
Indian News
- Tax dept's AI tool 'not meant' for resolving political donation disputes
- EPFO interest credit: 8.25% announced for 2024-25; process to finish this week, says Mandaviya
- MCX to launch India's first electricity futures contracts on July 10
- No LTCG tax on Rs 1.32 crore house bought only at Rs 45 lakh: Homebuyer wins LTCG tax exemption case at Delhi ITAT after 7 years fight
- NRIs filing ITR in India should know these four income tax-related changes
- Sebi proposes relaxation for AMCs opening doors for business expansion
- Sebi mulls dropping word 'penalty' in actions against brokers to avoid stigma: Varshney
- Trinidad & Tobago 8th country to have UPI: How to use service abroad
- Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch
- Will ITR deadline extend again? Tax experts see further delays after ‘system failures’
- CA allegedly ran Rs 750 crore fake loan app scam using shell firms, Chinese links
- RBI acts tough against cyber frauds, directs all banks to use DoT’s FRI technology to protect bank customers
- Sebi warning: After action against Jane Street, chairman says 'market manipulation won’t be tolerated'
- Sebi action on Jane Street highlights 3 aspects of market: Uday Kotak
- Jane Street disputes Sebi’s findings after Rs 4,840 crore freeze, vows to engage with regulator
- How Sebi’s crackdown on Jane Street unfolded: A 15-month trail of scrutiny and ignored warnings
- Kotak Mahindra Bank branch manager siphoned off Rs 31 crore of public money to gamble
- Income Tax Filing: IT Dept launches ‘TAXASSIST’ to help with queries and notices | Here is how it works
International News
- 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
- Charting the Global Economy: Key central banks hold on rates
- KPMG fined £1.25m for Carr’s Group audit breaches
- 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
Taxation Laws Update
- 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
- Income Tax Notification No.67: Exemption from withholding tax for payments made to units of IFSC
- Customs Instructions No.s 18 & 19
- Customs Update - June 20, 2025
- GST Advisory: Handling of Inadvertently Rejected records on IMS
- 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
Corporate Laws Update
- 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
- SEBI Circular: Ease of Doing Investment - Special Window for Re-lodgement of Transfer Requests of Physical Shares
- IFSCA Circular: Guidance for Finance Companies/ Units on submission of requests pertaining to changes requiring prior approval/ intimation to the Authority
- DGFT Update - July 2, 2025
- IBBI: Panel of IPEs as IPs and IPs for the period from July 1 to December 31, 2025
- RBI Circular: Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators
- SEBI Circular: Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework for SEBI Regulated Entities
- SEBI: Master Circular for Investment Advisers
CA's Referencer
- 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
- 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
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- 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
- 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":
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- ICAI Exposure Draft: Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961
- AICPA Draft: The Auditor's Responsibilities relating to Fraud in an Audit of Financial Statements
- FRC Draft: UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2
- SEBI Draft: Review Of Regulatory Framework On Permissible Business Activities For Asset Management Companies
- SEBI Draft: Electronic Book Provider platform for issuance of instruments by NPOs on SSE
- ICAI Draft: Amendments in Regulation 204 of the Chartered Accountants Regulations, 1988
- SEBI Draft: Review of Framework for Conversion of Private Listed InvIT into Public InvIT
