Weekly Newsletter - August 27, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Legal FAQs:
Useful Forms:
ITR eFiling Utilities for AY 2026-27
From the ICAI:
CA's Referencer:
International Content:
Legal Updates:
News Update:
Ex-GST superintendent, wife get RI in disproportionate assets case
Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for many
Tata Steel gets major Supreme Court relief in ₹890 crore GST dispute
As AI poses threat to critical financial systems, how regulators are stepping up vigil
Banks, NBFCs to reset partnership terms with fintech firms
Brother-sister CA duo siphoned off Rs 555 crore in 5 years, Kolkata Police bust racket
MCA financial year flexibility comes with tax reporting catch for companies
Couple wins Rs 2.25 crore black money case in ITAT
Income tax dept steps up prosecution of TDS defaults; Naftogaz India MD gets 22-month jail term
NFRA flags gaps in going concern audits, asks auditors to challenge forecasts, funding claims
Sebi bars Varanium Cloud, promoter from securities market for seven years
Banks told to have stricter norms for eligibility of forensic auditors
[Agra] Case against CA for facilitating Rs 25 cr illegal foreign remittances
Indian CAs May Soon Get Wider Professional Recognition in Singapore
SPARSH pension portal: How to track pension, benefits and life certificate
GSTAT filings cross 75,000, but only 83 cases disposed of so far
[Hyderabad] CA booked for ‘enabling’ Rs 629 cr in dubious foreign remittances
Latur CA Booked For Issuing Certificates To Facilitate Remittance Of Hundreds Of Crores Abroad
NRI sending money to parents in India? This one mistake could trigger an income tax notice
Joint FCNR(B) accounts for NRIs: Eligibility, rules and tax benefits
GST registration for big businesses: Centre, states work on uniform documents for faster approvals
NFRA lists 948 firms for not filing returns on audit work
Sebi seeks inclusion of fractional shares in Companies Amendment Bill
Irdai takes firm stance on insurers breaching expense management limits
Service producer prices show mixed trend across sectors in Q1FY27
Govt examines easing blocked GST credit on construction for own use
Easing of 10% rule on Chinese stake attracts FDI worth ₹4,896 crore
Sensex CAS manipulated using large orders: Sebi
Sebi cancels registration of 15 investment advisers, 25 research analysts
Irdai bars Niva Bupa's branch expansion for six months
India, Mexico finalise ToR for preferential trade agreement, signing soon
Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins
RBI’s FCNR U-turn: Guv explains what changed
India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters
Sebi permits IFSCA-regulated entities to access KRA records for KYC
Public sector banks underparticipate in forex derivatives mkt: RBI DG Jain
SC rules referral fees earned by auto dealers from banks, insurers are taxable
Sending money abroad? Why your transaction could draw tax scrutiny
I-T unearths Rs 1.29 lakh cr foreign remittances
Explained: Why India is Asia's least-favoured market among fund managers
An audit of audits: KPMG has audited 19 companies for 20 years or more
PCAOB enforcement staff drops routine no-deny requirement in settlements, citing SEC alignment
US audit firms, investors urge PCAOB to issue clear AI audit guidelines
SEC forms enforcement unit to tackle accounting and auditing fraud
IAASB opens consultation on revisions to core audit standards
Exposure Drafts:
Consultation Paper on Secondary Listing of Exchange Traded Funds in IFSC
[Last date for Comments: September 17, 2026]
Consultation paper on revision of Advertisement Code for Online Bond Platform Providers (OBPPs)
[Last date for Comments: September 11, 2026]
Consultation Paper on Introduction of Fixed Income Channel Partners (FICPs) for Distribution of Fixed Income Securities through Online Bond Platform Providers (OBPPs)
[Last date for Comments: September 11, 2026]
Acts & Regulations:
12 RBI Directions Updated as on August 25, 2026
IRDAI (Manner and Procedure for Imposing Penalties) Regulations, 2026
IRDAI (Policyholders’ Education and Protection Fund) Regulations, 2026
Legal FAQs:
SEZ Compliance FAQs Booklet V2.0
[Published in August 2026]
Useful Forms:
ITR eFiling Utilities for AY 2026-27:
Released on August 20, 2026:
ITR 6
• Utility for Windows
• Utility for MAC
From the ICAI:
Handbook on Finalisation of Accounts with GST Perspective
[Revised in June 2026]
CA's Referencer:
NFRA Staff Series on Technology in Audit: 01 -
General Principles for Technology Adoption in Audit
[Published on July 23, 2026]
Guidance Note on FATCA and CRS
[Published by CBDT in July 2026]
International Content:
Guidance on Public-Private Partnerships
• Public-Private Partnerships: Disclosure Requirements
• Implementation Guidance for Public-Private Partnerships
Legal Updates:
The Taxation and Other Laws (Amendment) Bill, 2026
[As assented by the President of India]
The Companies (Indian Accounting Standards) Amendment Rules, 2026 [G.S.R. 725(E)]
Alignment of SEBI's Cyber Incident Reporting Portal with FIRE Format
IT Resilience Index for Market Infrastructure Institutions (MIIs)
Acceptance of digitally signed Power of Attorney from FPIs
Requirement for Fund Management Entities (FMEs) to maintain a website or webpage
IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026
IRDAI (Third Party Administrators – Health Services) (Amendment) Regulations, 2026
IRDAI (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2026
IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Second Amendment) Regulations, 2026
Amendment in the Export Policy of Wheat [Notification No.35]
Amendment in the Export Policy of Wheat Flour and related products [Notification No.34]
Amendment in Para 1.25 of the Foreign Trade Policy, 2023 [Notification No.33]
Amendment to Para 4.63 of FTP 2023 [Notification No.32]
Corrigendum to Public Notice No. 27/2026-2027 dated 20.08.2026
Expansion of INR Invoicing of Exports and FTP Benefits for Rupee Realisations [Notification No.30]
