Daily Newsletter - April 7, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

RBI Draft

Acts & Regulations:

IFSCA Regulation

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Income Tax eFiling Utilities

Legal Updates:

MCA

RBI

SEBI

DGFT

News Update:

Indian News:

Irdai sets up sub-panel to review private health insurance landscape

Sebi grants one-time relaxation to IPO-bound companies, MPS norms

Supreme Court rules no personal hearing needed before declaring bank account as fraud

EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?

Laid off or lost your job? Check EPFO withdrawal rules in case of unemployment

RBI proposes new BC structure and branch norms in draft guidelines

Sebi considering large-scale training push for independent directors to boost corporate governance: Tuhin Kanta Pandey

US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available

Sebi wants independent directors to adopt 'constructive approach'

Audit firms wary as govt proposes to tighten rules

Loan against PPF: Who can borrow, limits, rates, and repayment rules

ITR filing: 4 disclosures you need to be ready with in new financial year

Identity theft: How a farmer ended up with a ₹14 cr tax bill he never owed

Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recovery

International News:

[UK] Auditors told they cannot blame AI for failures

Exposure Draft:

RBI Draft:

Draft RBI (Branch Authorisation) Amendment Directions, 2026
[Last date for Comments: May 5, 2026] 

Acts & Regulations:

IFSCA Regulation:

IFSCA (Pension Fund Regulations), 2026

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Excel Utilities and Schemas have been updated to include filing u/s 139(8A)

Income Tax eFiling Utilities:

Utilities and Schemas have been changed for:

* Common offline utility for Form 3CA-3CD and 3CB-3CD
* Form 10B (A.Y. 2023-24 Onwards)
* Form 10BB (A.Y. 2023-24 Onwards)
* Form 29B
* Form 29C
* Form 3CEB

Legal Updates:

MCA:

Important MCA Update for Directors

RBI:

Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

SEBI:

Relaxation from the applicability of SEBI Master Circular for compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on non-compliance with the Minimum Public Shareholding (MPS) requirements

One-time relaxation with respect to validity of SEBI Observations

DGFT:

Amendments to Para 2.90 of Handbook of Procedures 2023 [Public Notice No.1]

Amendments to Para 2.62 of Foreign Trade Policy 2023 [Notification No.5]

Amendment in Export Policy and Policy Condition of Wood Pellets (HS 44013100) and Wood Briquettes (HS 44013200) under Chapter 44 of ITC (HS) 2022, Schedule-2 (Export Policy) [Notification No.4]