Weekly Newsletter - December 10, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
RBI proposes full disclosure of forex transaction costs for retail users
PaRRVA explained: Sebi's verification tool to check performance claims
Man gets tax notice for buying land at low price, ITAT Ahmedabad quashes it
New Labour Code: Salaries may drop for new staff
India’s Labour Ministry inks pact with Microsoft to boost jobs and AI skilling
IndusInd Bank chairman to step down in January amid organisational overhaul
44,000 crypto traders on Income Tax Dept’s radar
Sebi gets power to directly remove false stock content
Sebi settles case against TV market expert Hemant Ghai for ₹1.45 crore
New ITR forms under 2025 Income Tax Act to be notified before FY28: Govt
Punjab taxpayers to launch statewide protest over withheld GST and VAT refunds
ICSI flags IndiGo lapses, urges stronger corporate governance norms
Centre recommends mandatory AI licence, royalties for copyrighted works
CBI books Anil Ambani's son, Reliance Home Finance in ₹228 cr bank fraud
Man wins disability pension tax exemption case
Can't hear out holders before declaring a/cs fraud: RBI, SBI
Fake cases, twisted verdicts as petitioner files 'AI reply'
RBI allows residents, non-residents to undertake rupee IRD transactions
Sebi eases AIF rules, allows AI-only schemes & wider exemptions for large value funds
Virtual digital assets: Tax authorities detect undisclosed income of Rs 888.82 crore
GST superintendent held for taking ₹2.5 lakh bribe to activate firm’s tax number in Gurugram
Parliament clears Bill to levy cess on pan masala manufacturing units
Insurer cannot override a doctor's clinical judgment to reject claim
Rs 1L for harassment by credit card recovery agent
Taxpayer got Rs 4 cr income; files no ITR; wins case
Insurance ombudsman reforms: New penalties, online complaint system and appellate authority
TN removes need for collateral on loans below ₹4 lakh to widen credit reach
Labour codes: Variable pay impact on EPF, gratuity
ICAI, CAG working on autonomousaudit systems using blockchain, AI
Simplification of customs will be next big reform, says FM Sitharaman
RBI mandates board approval for bank group entities to undertake same biz
Parliament approves Bill to levy higher excise duty on tobacco
New tax coming for demerit goods like cigarettes and not for essential goods: FM Sitharaman
No GST on leasing out residential premises as hostel for students: SC
Indians returning from US may face higher tax as treaty benefit wanes
India's rent law 2025: Lower deposits, clear rules, more power to tenants
RBI launches two-month campaign to clear all pending customer complaints
Banks and NBFCs remain healthy, credit to commercial sector rises, says RBI Governor
MPC meet: Low inflation, high growth - why did RBI still cut repo rate? Sanjay Malhotra explains
RBI MPC at a glance: Your one-stop guide for all key decisions
Sebi bans influencer Avadhut Sathe from stock market and orders return of Rs 601 crore
RBI defers credit information reporting norms for CICs to July 1, 2026
New gratuity rules explained: How new labour codes will increase payout at various salary levels
RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures
'Tobacco levy neither a new tax nor a cess': FM Nirmala Sitharaman
Newly Issued US Hedge Accounting Rules Reshape How Businesses Track Financial Risk
IAASB publishes new ISSA 5000 reports
AI agents: Four use cases for accountants - By ICAEW Insights
Exposure Drafts:
Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions
[Last date for Comments: January 9, 2026]
Consultation Paper on Review of Master Circular for Foreign Portfolio Investors (FPIs) and Designated Depository Participants (DDPs)
[Last date for Comments: December 26, 2025]
Consultation Paper on Review of existing position limits for Trading Members in Equity Derivatives Segment
[Last date for Comments: December 26, 2025]
Acts & Regulations:
SEBI (Depositories and Participants) Regulations 2018
[Last amended on November 22, 2025]
SEBI (Alternative Investment Funds) Regulations, 2012
[Last amended on November 19, 2025]
From the ICAI:
Technical Guide on GST Reconciliation Statement (Form GSTR - 9C)
[Second Edition : December 2025]
Technical Guide on GST Annual Return – Form GSTR 9
[Third Edition : December 2025]
Legal Updates:
Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A
Advisory on reporting values in Table 3.2 of GSTR-3B
FAQs on GSTR -9/9C for FY 2024-25
Export and Import of Indian Currency to or from Nepal and Bhutan
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
Standing Liquidity Facility for Primary Dealers
Liquidity Adjustment Facility - Change in rates
Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025
Relaxation on geo tagging requirement in India for NRIs while undertaking re-KYC
Clarification on the Digital Accessibility circulars of SEBI
Amendments to Module no. 16 (Providing Credit) of the IFSCA Banking Handbook: COB directions v6.0
Amendment to Para 4.63 of FTP-2023 [Notification No.49]
Amendments in Chapter 7 of the Handbook of Procedures and ANF 7A [Public Notice No.35]
Re-assignment of appeals pending in Bengaluru Zone [Order No.06/2025]
