Weekly Newsletter - October 7, 2026
Latest additions to CAalley:
Acts & Regulations:
CA's Referencer:
Tech Zone – Simplifying Technology for CAs:
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
Audit rotation boom puts Big Four under sharper scrutiny
Next-Gen GST and India's next phase of growth [A column by the Finance Minister]
GST set for next big reform; officers' arrest powers may be scrapped
New bilateral investment treaty framework to get Cabinet nod: Sitharaman
Woman ignores 4 tax notices, faces Rs 1.55 Cr tax additions: What ITAT says next
KPMG’s own review finds approach to whistleblowers ‘overly legalistic’
PCAOB scales back quality control standard following audit firm criticism over implementation burden
[Australia] Audit regulation hasn’t kept pace with conduct of large firms
Acts & Regulations:
8 RBI Directions Updated as on October 5, 2026
64 more RBI Directions Updated as on October 01, 2026
32 RBI Directions Updated as on October 1, 2026
CA's Referencer:
NFRA Auditor-Audit Committee Interaction Series 6 –
Dealing with Going Concern Assessment – SA 570 (Revised)
[Published on September 30, 2026]
Tech Zone – Simplifying Technology for CAs:
Your Phone Is More Than a Phone: What Happens When You Lose Access to It?
Legal Updates:
Advisory on “Multistate Registration” Facility for GST Registration
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
Online submission of Form A2: Removal of limits on amount of remittance
SEBI revamps its “Document Number Verification System” [Press Release]
FAQs on Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC [Published in September 2026]
