Weekly Newsletter - November 12, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

SEBI Drafts

Acts & Regulations:

RBI Master Direction

IBBI Regulations

Useful Forms:

ITR eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Publications - GST

Legal Updates:

Income Tax

MCA

SEBI

IFSCA

DGFT

Customs

News Update:

Indian News:

Is EPF taxable if withdrawn before 5 years of service?

Pension after compulsory retirement? Centre issues key clarification

GCCs in India drive 10.4 mn jobs, 30% higher pay, 2,000+ legal obligations

Employee denied tax exemption for leave encashment: ITAT Jaipur restores tax benefit

How non-resident Indian pensioners can submit their Jeevan Pramaan Patra online and offline

Banks and NBFCs step up stressed asset sales to clean up books

Piyush Goyal defends QCOs amid calls to suspend 200 product orders

Labour ministry launches Digital Labour Chowk, links it with VBRY

Three years on, India-Australia trade deal sees high use, but modest gains

Rs 10 lakh penalty for genuine taxpayers making inadvertent reporting errors; why Black Money Act needs changes

Rs 350-crore GST refund nexus busted in Noida

97% Sebi enforcement orders since 2013 targeted trading-call providers: Report

IRDAI examining shortfall in health claim settlements

ICAI’s ethics code overhaul to promote Indian CA firms

Madras HC calls crypto 'property': Here's what it means for investors

Govt proposes mandatory 'country of origin' filters for ecom platforms

FM Nirmala Sitharaman meets leading economists ahead of FY27 Budget

Facing issues with your mutual fund or broker? File it on SEBI's SCORES

Claim rejected? Here's how to file a complaint on Irdai's Bima Bharosa

Wrong bank charge or failed payment? RBI's portal helps you fight back

Sebi expert group on conflict of interest submits its report to chairman

Top tax traps NRIs fall into and 8 legal ways to save big on Indian taxes

Deadline to file TDS/TCS correction statement announced: File your request on time or risk missing credit in Form 26AS or AIS

Rs 80 lakh gift from brother-in-law lands man in tax trouble; here’s how he won the case

No protection for digital gold? Sebi cautions investors buying unregulated products — Here's what you need to know

Wife gets tax notice for purchasing Rs 51 lakh property but not filing ITR, she fights back and wins in ITAT Ahmedabad

Now get faster tax refunds and easier ITR corrections: New CBDT rules explained

India working on multilateral tax certainty framework, says principal commissioner Income Tax

ICAI inks pact with Indian Army for real time UDIN verification

Full tax exemption for mother-in-law and son-in-law in ITAT Mumbai on sale of Rs 4 crore property due to this reason

Frauds per transaction on the rise since July: RBI DG T Rabi Sankar

Worried about Aadhaar misuse? UIDAI has rolled out a new safety vault

It's not regulator's job to take decisions for banks' boards: RBI Governor

ED makes third arrest in Reliance Power fake bank guarantee PMLA probe

Govt in talks with RBI, lenders on forming large banks: FM Sitharaman

EPFO: How to claim Rs 7 lakh EDLI insurance cover

SEBI to comprehensively review short selling and SLBM frameworks: Tuhin Kanta Pandey

ICAI submits suggestions on insolvency law amendments to Parl panel

Suresh Raina, Shikhar Dhawan money laundering case: ED attaches assets worth Rs 11.14 cr in online betting probe

Aishwarya Rai Bachchan wins Rs 4 crore income tax battle in ITAT Mumbai

Govt to retain cap on voting rights for major bank shareholders: Report

Sebi open to raising cap on fees paid by mutual funds to brokerages

International News:

Three ways AI is shaping the future of tax

SEC, PCAOB relax enforcement against auditors

UAE tightens freelance visa procedures, denies suspension rumours

UK faces 14% millionaire drop amid tax crackdown; Greece tops visa rush

IASB, ISSB advance new global standards

AICPA Issues Technical Q&As on Technology Use in Financial Statement Audits

Future of Professionals Report: How AI can help tax, audit & accounting firms with their talent strategy

Policy pause: Bank of England holds rates at 4% ahead of UK budget

Exposure Drafts:

IBBI Draft:

Discussion Paper – Template for declaration of Beneficial Ownership and Section 32A Affidavit to be submitted by Prospective Resolution Applicant (PRA)
[Last date for Comments: November 16, 2025] 

SEBI Drafts:

Clarifications and specific modalities with respect to maintaining pro-rata rights of investors of AIFs
[Last date for Comments: November 28, 2025] 

Consultation paper on Amendments to SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007
[Last date for Comments: November 27, 2025] 

Acts & Regulations:

RBI Master Direction:

Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions, 2025 
[Published on November 11, 2025]

IBBI Regulations:

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 14.10.2025)

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 14.10.2025)

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated on November 11, 2025:

ITR 6:
Offline Utility
Offline Utility - MAC

ITR 7:
Offline Utility
Offline Utility - MAC

From the ICAI:

ICAI Publications - GST:

Handbook on Input Service Distributor under GST (Revised) [Published in September 2025]

Legal Updates:

Income Tax:

Amendment to DTAA with Belgium [Notification No.160]

Advance Pricing Agreement (APA) Programme of India
Annual Report (2024-25)

Determination of arm's length price in case of specified transactions for AY 2025-26 [Notification No.157]

MCA:

The Companies (Meetings of the Board and its Powers) Amendment Rules, 2025

SEBI:

SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2025

IFSCA:

Reporting of Transactions for India’s External Account Statistics – Additional directions to IFSC Banking Units

DGFT:

Clarification and redemption of Advance Authorizations impacted by Erstwhile Rule 96(10) of the CGST Rules and Imports Effected between October 13, 2017 to January 09, 2019 [Circular No.7]

Customs:

Syncing of ITC (HS), 2022 - Schedule-1 (Import Policy) with Finance Act 2025 (No. 07 of 2025) dated 29.03.2025 [Instruction No.32]

Seeks to impose anti dumping duty on imports of “Flax or Linen fabric having flax content of more than 50%” originating in or exported from China and Hong Kong [Notification No.31(ADD)]

Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2025 [Notification No.73(NT)]