Daily Newsletter - December 24, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

SEBI Regulations

Useful Forms:

Income Tax eFiling Utilities

ITR eFiling Utilities for AY 2025-26

Legal Updates:

Income Tax

IBBI

RBI

SEBI

News Update:

Indian News:

PwC seeks clarity on GST input tax credit for data centre construction

RBI postpones Phase 2 of cheque clearing rollout until further notice

SFIO launches probe into IndusInd Bank over accounting discrepancies

CBI nabs CGST official in the act of accepting ₹5-lakh bribe

Indian consumer giants' CEOs changing at a pace not seen since Covid

RBI directions mandatory, says Bombay HC, halts move to declare Anil Ambani's accounts as 'fraud'

Forgot your PAN Card number before Dec 31 deadline? Here's what you should do

Your income tax refund can be delayed if you don't file revised ITR by December 31, 2025 in these conditions

Hidden charges on foreign exchange transactions will soon be known in advance; RBI issues draft proposal

Will the Income Tax Department be able to access your social media and emails from April 1, 2026?

India offers higher FDI, easier bank branch norms under New Zealand FTA

Income Tax Department clarifies why many taxpayers who claim tax deductions, exemptions got intimation emails; know what to do

Discussions on labelling AI content over, rules to follow soon: IT secy

Found anomalies in your EPS remittances? EPFO explains how you can get refund for wrong contribution

New CPI series to use e-commerce, online sources for price data: Govt

ICAI launches ‘Project Vanijya’ to strengthen India’s economic foundations through early commerce education

International News:

UK: Non-Big Four firms grow PIE audit share

SEC aims to renew global coordination of accounting, auditing standards

Acts & Regulations:

SEBI Regulations:

SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
[Updated upto December 5, 2025]

SEBI (Intermediaries) Regulations, 2008
[Updated upto December 5, 2025]

SEBI (Merchant Bankers) Regulations, 1992
[Updated upto December 5, 2025]

SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
[Updated upto December 4, 2025]

Useful Forms:

Income Tax eFiling Utilities:

Updated as on December 23, 2025

Form 10B (A.Y. 2023-24 Onwards)
- Utility
- Schema
- Schema Change Document

Form 3CEB
- Utility
- Schema
- Schema Change Document

ITR eFiling Utilities for AY 2025-26:

Updated as on December 23, 2025

ITR 3
- Excel Utility
- Schema
- Schema Change Document

ITR 5
- Offline Utility
- MAC Utility
- Excel Utility
- Schema
- Schema Change Document

ITR 6
- Offline Utility
- MAC Utility
- Schema
- Schema Change Document

Legal Updates:

Income Tax:

Initiative to encourage taxpayers to voluntarily review deduction/exemption claims identified as potentially ineligible through risk analytics [Press Release]

IBBI:

IBBI (Insolvency Resolution Process for Corporate Persons) (Seventh Amendment) Regulation, 2025

RBI:

Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2

SEBI:

Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates

Ease of investments and ease of doing business measures – enhancing the ‘Facility for Basic Services Demat Account (BSDA)’