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Daily Newsletter - May 22, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Useful Forms:

ITR Forms & eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Publications - GST

Legal Updates:

GST

IBBI

IFSCA

DGFT


  

News Update:

Indian News:

Sebi bars 7 for alleged fraudulent trades, directs ₹20 crore disgorgement

RBI to transfer record ₹2.87 trillion dividend to govt for FY26

Delhi HC shields IndiGo from ₹458-cr GST over engine compensation dispute

More accurate data soon: Big missing link in India's economy dashboard finally gets set to go live

CBI arrests CGST Superintendent, Inspector in bribery case

Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farms

Man pays zero tax on Rs 5 crore land sales despite filing late ITR

RBI may turn to 2013 taper tantrum playbook to defend weakening rupee

Sebi allows employees to WFH, advises departments to defer conclaves

Sebi, NISM and IICA sign MoU to strengthen capital markets, focus shifts to governance and ESG

Sebi proposes new price-discovery mechanism for IPOs, re-listings

Financiers can't block borrower phones, online shaming barred

Ketan Parekh Case: Sebi sends show cause notice to 6 Capital Group FPIs

RBI weighs all options including rate hike, forex swaps to stabilise rupee

Govt defends ₹8,415 crore Yes Bank AT1 bond write down before Supreme Court

Sebi proposes to permit third-party payment in mutual funds in certain scenarios

  

International News:

Internal auditors confront fraud risks

AI makes cyber security business critical: how accountants should respond


Exposure Draft:

SEBI Draft:

Draft Review of price discovery mechanism through Pre-open Call Auction Session for IPO and Re-listed scrips
[Last date for Comments: June 11, 2026] 


Useful Forms:

ITR Forms & eFiling Utilities for AY 2025-26:

Common Offline Utility (ITR 1 and ITR 4) for Windows and Mac 


From the ICAI:

ICAI Publications - GST:

Handbook on Refunds under GST
[Revised in January 2026]

Handbook on E-Commerce Operators under GST
[Published in December 2025]


Legal Updates:

GST:

Advisory to Taxpayers and Stakeholders – Enhancements in the e-Way Bill (EWB) Portal

  

IBBI:

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2026 (Issued on May 18, 2026)

  

IFSCA:

Clarification on the fee structure applicable to existing Ancillary Service Providers and existing TechFin entity

Guidance on Availing of Voice broking services by IBUs from TechFin and Ancillary Service Providers registered with IFSCA

  

DGFT:

Launch of online module for issuance of Certificate of Origin (CoO) for Agarwood on Trade Connect Platform [Trade Notice No.5]

Review and Re-allocation of allocated Export Quota of Pharma Grade Sugar by Special EXIM Facilitation Committee (SEFC) [Trade Notice No.4]

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