Daily Newsletter - December 3, 2025

Latest additions to CAalley:

News Update:

Indian News

Exposure Draft:

MCA Draft

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

MCA

RBI

SEBI

News Update:

Indian News:

Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’

New labour codes may reduce take-home salary, but lower tax outgo

Sebi introduces single window gateway for low risk foreign investors

DPIIT chief asks industry to make realistic demands on deregulation, safety

Implementation of new labour codes likely by April 2026: Labour Minister

Due to error in ITR, tax exemption can’t be denied

New tax regime allowed without filing Form 10IC

Govt pensioners get 2 more investment options: NPS, UPS terms explained

KYC rules revised for NRIs, OCIs: What changes for NPS onboarding

WhatsApp chats rarely hold as evidence in income tax cases, say tribunals

Working from home is harming young employees

PFRDA plans to create NPS fund-of-funds to channelise money to select AIFs

Revised ITR won't save you: Foreign asset errors can trigger penalty, probe

Digitalisation, financial products call for global tax info exchange: FM

Son wins mother’s gold seizure case in ITAT: Know what CBDT gold jewellery circular says

Man sells house & moves to Australia; gets tax notice

Centre to sell up to 6% stake in Bank of Maharashtra via OFS for ₹2,500 cr

EPFO disposes 99% of higher-pension cases under EPS after SC ruling

No proposal on merger or consolidation of banks before govt presently: MoS Finance

RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues

Preity Zinta wins ₹10cr cash credit case in ITAT

Exposure Draft:

MCA Draft:

Draft MCA, SFIO, Assistant Director (Digital Forensics), Senior Assistant Director (Digital Forensics) and Deputy Director (Digital Forensics) Recruitment Rules, 2025
[Last date for Comments: January 2, 2026] 

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26:

Master Direction – Reporting under Foreign Exchange Management Act, 1999 (Updated as on December 03, 2025)

Reserve Bank of India (Non-Banking Financial Companies – Climate Finance and Management of Climate Change Risks) Directions, 2025

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated as on December 1, 2025:

ITR 5:
Offline Utility
Offline Utility for MAC

ITR 6
Offline Utility
Offline Utility for MAC
Excel Utility

Legal Updates:

MCA:

The Companies (Specification of definition details) Amendment Rules, 2025 - Revised definition of 'small company'

RBI:

Liberalised Remittance Scheme (LRS)- Submission of ‘LRS Daily Return’ by Authorised Dealers- Category -II banks/ entities and Full- Fledged Money Changers

SEBI:

SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2025

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2025