Daily Newsletter - July 29, 2026
Latest additions to CAalley:
Exposure Draft:
Acts & Regulations:
CA's Referencer:
Legal Updates:
News Update:
Six in ten Indian companies believe AI to play a significant role: PWC
GST panel may consider allowing transfer of unused tax credit within corporate groups
Rupee is undervalued, says RBI Governor: What it means and why it matters
What is business overreach? Why HDFC Bank used the term in MSRDC case
ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat lead
SC backs taxpayers, rules out GST on industrial lease rights transfer
HDFC Bank fines CEO, CFO ₹1 lakh each after MSRDC review finds 'business overreach'
BoB data breach: A look at India's biggest corporate cyberattacks
Why Johnson & Johnson plans to pay $5.5 bn after insisting talc was safe
KMPG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal
UK financial watchdog fines PwC $4.4 million over Babcock audit
Exposure Draft:
Proposed Accounting Standards Update:
Derivatives and Hedging (Topic 815)
Targeted Improvements to Accounting for Interest Rate Risk Hedging and Net Investment Hedging
[Last date for Comments: August 17, 2026]
Acts & Regulations:
SEBI (Custodian) Regulations, 1996
[Updated upto July 8, 2026]
SEBI (Mutual Funds) Regulations, 2026 (w.e.f. April 1, 2026)
[Updated upto July 7, 2026]
SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008
[Updated upto July 6, 2026]
CA's Referencer:
Crypto-Asset Reporting Obligations Under Section 509 of The Income Tax Act, 2025 : Guidance Note
[Published by CBDT in July 2026]
Legal Updates:
Corrigendum to Notification No. 28/2026-Customs dated 10th July, 2026
