Daily Newsletter - October 7, 2026
Latest additions to CAalley:
Acts & Regulations:
CA's Referencer:
Legal Updates:
News Update:
Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon
Man invests Rs 5 lakh in Bitcoin, sees it grow 140 times; faces tax scrutiny, ITAT says this
Man deposits Rs 85.3 lakh received as cash gifts; ITAT Chennai accepts gift deeds and gives relief
RBI announces two measures to ease financial information access for users
India joins global rate-tightening wave with first hike in nearly 4 years
RBI policy highlights: Repo rate rises 25 bps as inflation risks broaden
Woman declares Rs 67.4 lakh ancestral jewellery in ITR; tax dept sends notice, she wins in ITAT
One year of GST rate reset: Where is India's tax revenue coming from?
GST Council meeting rescheduled again, to take place on October 8
Supreme Court gets three new judges, working strength goes up to 37
KPMG’s own review finds approach to whistleblowers ‘overly legalistic’
PCAOB scales back quality control standard following audit firm criticism over implementation burden
Acts & Regulations:
8 RBI Directions Updated as on October 5, 2026
CA's Referencer:
NFRA Auditor-Audit Committee Interaction Series 6 –
Dealing with Going Concern Assessment – SA 570 (Revised)
[Published on September 30, 2026]
Legal Updates:
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
Liquidity Adjustment Facility - Change in rates
Standing Liquidity Facility for Primary Dealers
FAQs on Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC [Published in September 2026]
