Daily Newsletter - November 28, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Draft

IFSCA Draft

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

Income Tax

RBI

SEBI

IFSCA

Customs

News Update:

Indian News:

Mines ministry notifies new royalty rates for 4 critical minerals

GST authority imposes Rs 41 cr penalty on Torrent Pharmaceuticals

India expects US trade deal by end of 2025 as most issues resolved: Report

A ₹2,000 reward: Sebi's new plan to turbocharge MF reach in smaller cities

New gratuity rules: Are permanent employees also eligible for gratuity after 1 year of service under new labour code?

Worried if your digital life certificate is accepted? Here's how to check

Sebi cancels registration of 68 investment advisers for non-payment of renewal fee

New banking connect platform to give RBI real-time oversight of transfers

ED widens net globally against online gaming

CBDT NUDGE 2: Over 25,000 taxpayers to receive alerts on foreign assets; Check details to avoid penalties

CAG Sanjay Murthy launches centre to modernise financial audits with advanced tech

RBI takes practical stance on family trusts and investment cos

Homebuyer asked to pay penalty for not correctly calculating his tax exemption claim under Section 54F; ITAT Ahmedabad gives relief to him

Regulators considering review of strict currency derivatives rules

IRDAI Calls for Stronger Customer-Centricity and Higher Standards of Grievance Redressal in Industry Meeting with CCOs & GROs

Small and mid-sized law firms rush to merge for scale

Supreme Court caps TDS on foreign remittances at 10%, says Income Tax Act cannot override DTAA

Shocking games: ED arrests WinZO founders in PMLA case

CBI busts bribe-for-orders racket in ITAT, Jaipur; judicial member among arrested

Tax collection should be smooth process with minimum discomfort to taxpayer: President Murmu

International News:

AI and the audit: Finance leaders strongly support forward-thinking firms

Trust in audit on the rise: ICAEW

Exposure Draft:

SEBI Draft:

Draft Circular- Disclosure of registered name and registration number by SEBI regulated entities and their agents on Social Media Platforms
[Last date for Comments: N/A] 

IFSCA Draft:

Consultation Paper on Guidelines on Cyber Security and Cyber Resilience for the Market Infrastructure Institutions (MIIs) in IFSC
[Last date for Comments: December 16, 2025] 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Enhancing Tax Transparency on Foreign Assets and Income
(Revised - November 20, 2025)

Updated as on November 27, 2025:

ITR 3 - Excel Utility
ITR 5 - Excel Utility

ITR 6 -
Common Utility
MAC Utility
Excel Utility
Schema

ITR 6 -
Common Utility
MAC Utility
Excel Utility

Legal Updates:

Income Tax:

​CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets [Press Release]

RBI:

Consolidation of Regulations – Withdrawal of circulars

Compliance with Know Your Customer (KYC) norms

RBI (Universal Banks – Licensing) Guidelines, 2025

RBI (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025

SEBI:

Reclassification of Real Estate Investment Trusts (REITs) as equity related instruments for facilitating enhanced participation by Mutual Funds and Specialized Investment Funds (SIFs)

Additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors

SEBI (Research Analysts) (Second Amendment) Regulations, 2025

SEBI (Investment Advisers) (Second Amendment) Regulations, 2025

IFSCA:

Clarification on INR invoice

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.75(NT)]

Order for extension of validity of CAVR Order No. 02/2023-Customs under the Custom (Assistance in Value Declaration of Identified imported Goods) Rules. 2023 in respect of Stainless Steel of J3 grade classified under HS Codes 72191200. 72191300. 72191400, 72192390. 72193290. 72193390. 72193490. 72193590. 72199012. 72199013. 72199090. 72202029. 72202090, 72209022,72209029 & 72209090 [CAVR Review Order No.2/2025]