Daily Newsletter - August 1, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

RBI Master Direction

CA's Referener:

ICAI

Useful Forms:

Income Tax eFiling Utilities

Income Tax Return eFiling Utilities for AY 2025-26

Legal Updates:

MCA

SEBi

IRDAI

DGFT

Customs

News Update:

Indian News:

NSE reaches Rs 40 crore settlement with Sebi over data disclosure case

Thinking of withdrawing EPF? You don't have to submit documents for claims

Jane Street not cooperating with authorities; I-T probe faces hurdles: Report

25% on India, 19% on Pakistan, 35% on Iraq: Full list of US tariff rates announced by Donald Trump; who’s worst-hit?

New banking law kicks in today to boost governance, protect deposits

SEBI proposes retail quota cut for large IPOs to 25%

India-US trade deal: Will protect farmers' interests, says government

Direct tax disputes soar 198% amid rising vacancies in revenue dept

ICAI works on early warning mechanism

RBI unlikely to re-introduce fixed-rate liquidity operations: Sources

Sebi fines nearly ₹4 cr on 11 entities for share price manipulation

Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

SC ruling will force international cos to rework India business model: Experts

International News:

PCAOB Revokes Hong Kong Accounting Firm’s Registration, Bars Managing Partner

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

Exposure Draft:

SEBI Draft:

Consultation Paper on Facilitating Ease of Doing Business relating to Anchor Investor Allocation, Long-Term Institutional Participation and Retail Quota in Initial Public Offerings (IPO) under ICDR Regulations 2018
[Last date for Comments: August 21, 2025]
 

Acts & Regulations:

RBI Master Direction:

Reserve Bank of India (Investment in AIF) Directions, 2025
[Published on July 29, 2025]

CA's Referener - ICAI:

Excel Utilities for New formats for Financial Statements
[Published by ICAI]

To download Excel Utilities, click on the links below:

Formats for Financial Statements of Non-Corporate Entities

Formats for Financial Statements of Limited Liability Partnerships

Formats for Financial Statements of NPOs

Useful Forms:

Income Tax eFiling Utilities:

Common offline utility for Form 3CA-3CD and 3CB-3CD and Schema have been updated

Income Tax Return eFiling Utilities for AY 2025-26:

Utilities and Schemas for the following have been updated:

Common Offline Utility (ITR 1 to ITR 4)
ITR 1
ITR 2
ITR 3
ITR 4

Legal Updates:

MCA:

Mandatory Filing of Form IEPF-1A with Prescribed Excel Template under Rule 5 (4A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 [Public Notice]

SEBI:

Rights of Persons with Disabilities Act, 2016 and rules made thereunder- mandatory compliance by all Regulated Entities

IRDAI:

Amendment to Clause 15(a) of Revised Guidelines on Insurance Repositories and Electronic Issuance of Insurance Policies

DGFT:

Allocation of quantity 5,841 MT of Sugar by EU for export from India under TRQ for the year 2025-26 (October 2025 to September 2026) [Public Notice No.18]

Clarification regarding Export of "Organic Textiles" [Circular No.3]

Customs:

Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver [Notification No.48(NT)]