Daily Newsletter - September 26, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

IFSCA Regulations

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

Income Tax

GST

RBI

SEBI

DGFT

Customs

Central Excise

News Update:

Indian News:

RBI imposes monetary penalty on Muthoot FinCorp

CBDT asked to extend ITR filing deadline for tax audit cases, orders Gujarat High Court

New RBI rules make banks fully liable if payment safeguards fail: Details

RBI mandates stronger two-factor authentication in new guidelines

SEBI orders Seacoast Shipping to return diverted funds, rejects 'kidnapping' excuse, slaps securities ban

CBDT extends due date for FY25 tax audit report filing to October 31

Tracking hidden info: Income tax to change tack

Tax notice with demand & interest soon for 87A

RBI allows risk-based checks in new digital payment guidelines

GSTAT rollout from Oct to ease GST litigation and unlock business capital

GSTAT launch: One forum for state, Centre GST appeals, says FM Sitharaman

Insurance complaints up 45% in Q2 2025, most about health policies: Report

International News:

PCAOB inspection report: Ernst and Young Canada lowers audit deficiency rate

Internal auditors expand their scope

Acts & Regulations:

IFSCA Regulations:

IFSCA (Payments Regulatory Board) Regulations, 2025

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated:

Common Offline Utility (ITR 1 to ITR 4)
Utility for Windows
Utility for MAC

New Release:

ITR 6 - Offline Utility

Legal Updates:

Income Tax:

Extension of timelines for filing of various reports of audit for FY 2024-25 (AY 2025-26) by auditable assessees [Circular No.14]

CBDT extends specified date for filing of various reports of audit for theAssessment Year 2025-26 [Press Release]

GST:

Invoice-wise Reporting Functionality in Form GSTR-7 on portal

FAQ-5 regarding GST Grievance Redressal on National Consumer Helpline

RBI:

RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025

Special Clearing in Cheque Truncation System on October 3, 2025

Investment by State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) in Shared Service Entity (SSE) established by NABARD

RBI (Authentication mechanisms for digital payment transactions) Directions, 2025

SEBI:

Compliance Guidelines for Digital Accessibility Circular ‘Rights of Persons with Disabilities Act, 2016 and rules made thereunder

SEBI (Custodian) (Amendment) Regulations, 2025

DGFT:

Amendment in Import policy of specific ITC(HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022 [Notification No.34]

Amendment in Export Policy of Non-Basmati Rice under Chapter 10 of Schedule- II (Export Policy) of ITC (HS) 2022 [Notification No.33]

Customs:

Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017 [Notification No.40]

Order for extension ol validity of CAVR Order No. 01/2023-Customs under the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 in respect of Linear Alkyl Benzene [CAVR Order No.1/2025]

Central Excise:

Re-assignment of appeals pending in Nagpur Zone [Order No.05/2025]