Daily Newsletter - August 11, 2025

Latest additions to CAalley:

News Update:

Indian News

New Income-Tax Bill 2025

Exposure Drafts:

SEBI Drafts

Useful Forms:

ITR eFiling Utilities for AY 2025-26

CA's Referencer:

MSME

From the ICAI:

ICAI Announcement

ICAI Publication

Legal Updates:

DGFT

News Update:

Indian News:

Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Bill

Lok Sabha passes Taxation Laws (Amendment) Bill amid din

Income Tax Bill 2025: Key changes for property owners, taxpayers, investors

New Income Tax Bill 2025 passed by Lok Sabha: What are the top Parliamentary panel suggestions being included?

India said to be planning credit guarantees for small firms, exporters hit by US tariffs

No income tax rebate under Section 87A even if income is less than Rs 7 Lakh under new tax regime in this situation, point out CAs

Karnataka witnesses 5-fold jump in GST tax evasion at ₹39,577 cr in FY25

New Income-Tax (No.2) Bill 2025 - August 11, 2025

Stock exchanges expand definition of 'Promoters' for IPOs to enhance corporate governance

PNB to sell NPAs worth up to Rs 5,000 crore to ARCs, eyes 50% minimum recovery

Mumbai gold scam: CA, father-son duo held; investors lose Rs 43.76 crore

Raids conducted on over a dozen high-end salons for GST evasion

Sebi revises InvIT rules for private to public conversion: Disclosure norms aligned with follow-on offers; sponsor requirements eased

SEBI Scraps Transaction Charges For Mutual Fund Distributors With Immediate Effect

SEBI proposes measures to expand resident Indian participation in FPIs

New tariff on 'transshipped' goods mystifies importers

India won't bow down to anybody, says Piyush Goyal

Sebi proposes new lighter-touch approach for accredited investors for AIFs

New Income-Tax Bill 2025:

Income-tax (No.2) Bill, 2025
[As Introduced in Lok Sabha on August 11, 2025]

Corrigenda to Income-tax Bill (No.2), 2025

Exposure Drafts:

SEBI Drafts:

Consultation paper on providing flexibilities to Large Value Funds for Accredited Investors (“LVFs”) under SEBI (AIF) Regulations
[Last date for Comments: August 29, 2025]
 

Consultation Paper on introduction of “Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI)” framework for FPIs and FVCIs
[Last date for Comments: August 29, 2025]
 

Consultation Paper on proposals to facilitate participation by resident Indians in Foreign Portfolio Investors (FPIs)
[Last date for Comments: August 29, 2025]
 

Consultation Paper on introduction of separate type of AIF scheme for only Accredited Investors
[Last date for Comments: August 29, 2025]
 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

ITR 5 - Excel Utility & Schema have been released

CA's Referencer:

MSME:

Handbook On “Know Your Lender, Grow Your Business” (KYL-GYB)  
[Prepared by Ministry of MSME]

From the ICAI:

ICAI Announcement:

Widening the scope of mandatory applicability of Audit Quality Maturity Model (AQMM) and disclosure of AQMM Levels on ICAI Website and Peer Review Certificates

ICAI Publication:

Practical Guide to GST Disputes by ICAI
[Published in June 2025]

Legal Updates:

DGFT:

Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy) [Notification No.24]