Daily Newsletter - August 6, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Draft

SEBI Draft

Useful Forms:

ITR eFiling Utilities for AY 2026-27

Tech Zone – Simplifying Technology for CAs:

Tech-Zone Article

Legal Updates:

Income Tax

GST

IRDAI

Customs

Central Excise

News Update:

Indian News:

Good news for investors: No income tax on dividends received from REITs and InvITs in this case

Surprised by scale, length of tax litigation in India: BMW Group India CFO

Wife paid husband Rs 7.5 crore and bought his Mumbai property, got tax notice; won the case in ITAT Mumbai

Mumbai CA Claims Man Who Filed ITR Using AI, Ended Up With Tax Notice

RBI Governor rules out early withdrawal of FCNR(B) deposit scheme

RBI proposes to harmonise framework on interest rates on advances: Malhotra

Explained: Why RBI wants to restart UCB licensing after a two-decade pause

RBI to issue new draft norms for urban cooperative bank licensing shortly

RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions

Commerce ministry notifies norms for inventory-based ecommerce exports

Parliamentary panel Recommends Lowering Minimum Age For MD, Directors To 18 Years

NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better way

54 bank fraud accused fled India, ED seizes assets worth over Rs 35,000 crore

SEBI strengthens ESG norms, mandates safeguards against 'purpose-washing' in green debt securities: Government

Plug and Play Industrial Shed Policy (DBFOT Model) 2026: Key features, eligibility, implementation

SC issues directions to tackle digital fraud, asks RBI to circulate SOP

Merchant Discount Rate on UPI transactions? Amendments to payments act may pave way - what it means

Corporate Laws Amendment Bill, 2026: What changes for India Inc, investors

Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investors

International News:

PCAOB issues first enforcement order since January with Hong Kong audit firm sanctions

Exposure Drafts:

RBI Draft:

Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
[Last date for Comments: September 5, 2026] 

SEBI Draft:

Consultation Paper on Issuance of Depository Receipts against units of REITs and Publicly Listed InvITs
[Last date for Comments: August 25, 2026] 

Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Updated on August 5, 2026:
ITR 5 - Excel Utility & Schema

New Release:
ITR 6 - Excel Utility & Schema

Tech Zone – Simplifying Technology for CAs:

Tech-Zone Article:

When “Read-Only” Is Not Enough: Data Handling Risks Every Auditor Must Revisit

Legal Updates:

Income Tax:

FAQs - The Taxation and Other Laws (Amendment) Bill, 2026

GST:

Instruction regarding Coordination with State Mining Authorities for sharing information relating to illegal mining and transportation of minerals [Instruction No.1]

IRDAI:

Circular on natural disaster affecting four districts of Assam

Customs:

Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver [Notification No.68(NT)]

Notification of ICD at Umarwada, Ankleshwar, Bharuch, Gujarat u/s. 7(1)(aa) of Customs Act, 1962 [Notification No.67(NT)]

Extension of anti dumping duty on imports of “Untreated Fumed Silica” originating in or exported from China PR [Notification No.19(ADD)]

Central Excise:

Increase the Road and Infrastructure Cess (RIC) rate on exports of diesel outside India [Notification No.42]

Increase the Special Additional Excise Duty (SAED) rate on exports of ATF outside India [Notification No.41]

Increase the Special Additional Excise Duty (SAED) rates on exports of petrol and diesel outside India [Notification No.40]