Daily Newsletter - November 5, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IFSCA Draft

Legal Updates:

Income Tax

IBBI

DGFT

Customs

News Update:

Indian News:

From Detroit to Seoul, they all want to make in India

'Benchmark for countries': FATF hails India's asset recovery efforts; notes ED's role in returning defrauded funds

NSE IPO: Exchange sets aside Rs 1,300 crore to settle Sebi cases as market listing draws closer

ED, IBBI set new rules to ensure cheated homebuyers, banks get assets back

Jeevan Pramaan 2025: EPFO pensioners get free doorstep service via IPPB

Wife gets Rs 1.85 crore compensation from builder; ITAT Mumbai rules in her favour

Govt to focus on innovation in AI space, regulate when required: IT Secy

Will Sebi’s proposal for performance-based MF fees work?

Sebi to simplify stock-broker rules, ease legacy share transfer hurdles for investors, says chief Tuhin Kanta Pandey

After GST, govt working on next-generation customs reforms: FM Sitharaman

SC upholds CESTAT ruling, rejects ₹244-cr service tax and penalty demand on Airtel

NCLAT overturns CCI ban on Whatsapp sharing user data with Meta platforms

Tax dept used AI to issue income tax notice; Bombay High Court quashes notice, calls process unfair to taxpayer

I-T drops ₹8,500-crore transfer pricing case against Vodafone Group

NFRA rolls out audit toolkit to aid small and medium practitioners

Jeevan Pramaan 2025: How to submit life certificate online or offline

Centre clarifies pension norms: Your last working day could change the game

Getting unclaimed money back: 3 easy steps to reclaim forgotten money in old bank accounts

ICAI seeks measures to mitigate litigation, prevent tax avoidance in pre-Budget suggestions

International News:

China bans foreign AI chips in state-funded data centres amid US tensions

PwC expects end-to-end AI audit automation within 2026

PwC Australia introduces AI-native platform for the next generation of audit

GenAI Research Tool Offers Information and Insights from AICPA’s Professional Library

Exposure Draft:

IFSCA Draft:

Consultation Paper On The Proposed IFSCA (Pension Fund) Regulations, 2025
[Last date for Comments: November 25, 2025] 

Legal Updates:

Income Tax:

CAG's performance Audit report No.1 of 2019 on "Assessment of assesses in entertainment sector- verification of expenses in assessment of Entertainment sector

IBBI:

Undertaking by IPs before Special Courts under PMLA

DGFT:

Amendment in Export Policy of Red Sanders (Pterocarpus Santalinus) [Notification No.47]

Customs:

Authorised Officers under Section 25 read with Section 47(5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13(1) of FSS (Import) Regulation, 2017 [Instruction No.31]

Customs FAQs regarding Notification No.s 44 and 45