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Daily Newsletter - April 10, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Drafts

IFSCA Draft

Acts & Regulations:

IBBI Acts

IRDAI Guidelines

Useful Forms:

ITR eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Publications - Direct Taxation

CA's Referencer:

NFRA Reference Material

Tech Zone – Simplifying Technology for CAs:

Tech-Zone Article

Legal Updates:

Income Tax

MCA

RBI

SEBI

IFSCA

IRDAI

DGFT

Customs


  

News Update:

Indian News:

Tax experts seek CBDT master circular to resolve legacy guidance issues

RBI tightens timelines for inward remittances, mandates faster credit

RBI may soon make you wait an hour before your UPI transfers goes through

Irdai revises cyber security norms, mandates stronger governance

Have a medical emergency? You can soon access part of your NPS savings

Sebi eases compliance norms for IPO lock-in of pledged shares

RBI simplifies MSME onboarding on TReDS, removes due diligence norm

RBI opens term money market to NBFCs, corporates to boost liquidity

RBI proposes scrapping IFR, allows quarterly profit inclusion in CRAR

CBI nabs GST superintendent, inspector in bribery trap in Chennai

GST officer, aide arrested for taking Rs 9,000 bribe in Navi Mumbai

4 new PAN card forms in FY26-27: Old vs new

New ITR forms require deails of political donations - check details

RBI holds repo rate at 5.25%: 5 key takeaways from April MPC decision

  

International News:

AI is Co-Writing End-of-Month Financial Reporting. Here’s What that Means for Auditors

Why we still need junior accountants in the age of AI – and how their roles might change


Exposure Drafts:

RBI Drafts:

Draft “Reserve Bank of India (Governance) Amendment Directions, 2026”
[Last date for Comments: May 7, 2026] 

Draft Directions for ‘Trade Receivables Discounting System’
[Last date for Comments: May 1, 2026] 

Draft Amendment Directions on ‘Investment Fluctuation Reserve’
[Last date for Comments: April 29, 2026] 

Draft Amendment Directions on ‘Review of guidelines on inclusion of quarterly profits to Common Equity Tier 1 (CET1) capital for computation of Capital to Risk weighted Assets Ratio (CRAR) for Banks’
[Last date for Comments: April 29, 2026] 

  

IFSCA Draft:

Draft Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under SERF and MPR
[Last date for Comments: April 29, 2026] 


Acts & Regulations:

IBBI Acts:

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 
[Published on April 7, 2026]

  

IRDAI Guidelines Draft:

IRDAI Information and Cybersecurity Guidelines, 2026


Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated as on April 9, 2026:
ITR 1 - Excel Utility


From the ICAI:

ICAI Publications - Direct Taxation:

The Income Tax Rules, 2026 (Including Tabular Mapping of Rules and Forms vis-a-vis Incometax Rules, 1962 and Forms)


CA's Referencer:

NFRA Reference Material:

NFRA Auditor-Audit Committee Interaction Series 5 -
Dealing with Audit of Provisions, Contingent Liabilities & Contingent Assets – Ind AS 37, SA 540, and SA 501

[Published on March 31, 2026]


Tech Zone – Simplifying Technology for CAs:

Tech-Zone Article:

How to Know — Before a Crisis — If Your Backup Will Actually Work 


Legal Updates:

Income Tax:

Effective date for DTAA between India and Japan to come into effect [Notification No.56]

  

MCA:

Explanatory Note - Amendment in Companies (Incorporation) Rules, 2014

  

RBI:

Guidelines to facilitate faster cross-border inward payments

  

SEBI:

Ease of doing business - mechanism for lock-in of pledged shares under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

  

IFSCA:

Reporting Norms for Capital Market Intermediaries

  

IRDAI:

Surveyors and Loss Assessors clarification regarding payment of Annual Fees [Circular]

  

DGFT:

Amendment for extension of validity of Minimum Export Price (MEP) on export of Natural Honey [Notification No.9]

Amendment in Export Policy of Feathers [Notification No.8]

Amendment in Export Policy Condition under HSN 1006 of Schedule-II (Export Policy), ITC(HS) 2022 [Notification No.7]

Amendment in description against HS Code 73181500 in Appendix-4R and Appendix-4RE of the RoDTEP Schedule [Notification No.6]

Amendment to the Last date for submission of TRQ Application for India- Mauritius CECPA and India Nepal Treaty notified under Appendix-2Aof the FTP, 2023 for FY-2026-27 [Public Notice No.3]

Procedure for Allocation of Quantities for import of Calcined Petroleum Coke for Aluminium Industry and Raw Petroleum Coke for CPC manufacturing industry for the Financial Year 2026 27 [Public Notice No.2]

  

Customs:

Procedure to handle export cargo originating from SEZ, in view of disruption in maritime routes due to closure of the Strait of Hormuz- Section 143AA of the Customs Act, 1962 [Circular No.19]

Seeks to amend notification No. 15/2023-Customs (ADD) dated 22.12.2023 to change the name of producer “Bystronic (Shenzhen) Laser Technology Co., Ltd” to “DNE LASER (Guangdong) Co., Ltd.” pursuant to DGTR recommendation [Notification No.4(ADD)]

Notification of ICD at Panoli, Bharuch, Gujarat u/s. 7(1)(aa) of Customs Act, 1962 [Notification No.36(NT)]

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