Daily Newsletter - March 23, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Legal FAQs:

Income Tax FAQs

MCA Bill:

Corporate Law Bill

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article

Legal Updates:

Income Tax

FEMA

SEBI

Customs

News Update:

Indian News:

Sebi approves tighter conflict-of-interest and disclosure framework

Sebi board clears steps to ease doing business in REITs, InvITs, and AIFs

Corporate Laws Amendment Bill boosts NFRA powers, eases compliance norms

No proposal for complete farm loan waiver under consideration: Sitharaman

Corporate Laws (Amendment) Bill, 2026 introduced in Lok Sabha, sent to JPC

Digital payments to see new safety rules from April 1: What changes

Equity shares received by private trust for relatives’ benefit are exempt from income tax, ITAT Chennai rules

ED flags Indians buying Dubai properties using credit cards

New tax rules ease registration, cut record-keeping for charitable trusts

New I-T rules tighten disclosure norms for foreign remittances

Govt likely to consider OFS option for raising public float in IDBI Bank

International News:

Big Four accounting firm Deloitte Canada comes out on top in first firm-specific inspection reports from audit watchdog

Legal FAQs:

Income Tax FAQs:

FAQs on Interplay and Transition from the Income Tax Act, 1961 to the Income Tax Act, 2025

MCA Bill:

Corporate Law Bill:

The Corporate Laws (Amendment) Act, 2026
[As introduced in Lok Sabha on March 23, 2026]

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article:

Series: Why AI Doesn’t Think Like Humans

Part 2 — When the Reasoning Is Built Backwards

Legal Updates:

Income Tax:

Clarification regarding power to condone delay in filing Form No. 10A section 12A(1)(ac)(i) of the Income Tax Act, 1961 [Circular No.1]

FEMA:

Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2026

SEBI:

Ease of doing business measures - Relaxations in certain reporting requirements for certain Stock Brokers and doing away with the requirement of reporting of demat account

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2026

Corrigendum to SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025

Customs:

Appointment of common adjudicating authority in respect of M/s Quantum Knits (A unit of KPR Sugar Mills Ltd.) [Notification No.29(NT)]

Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver [Notification No.28(NT)]