Weekly Newsletter - September 24, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
CA's Referencer:
International Content:
Tech Zone - Simplifying Technology for CAs:
Legal Updates:
News Update:
Property purchase from NRIs gets easier as govt amends Form 141
NSE duties unchanged after listing, exchange role will prevail: Chairman
Irdai proposes tighter expense limits, new commission caps for insurers
ICAI seeks to keep NFRA under MCA as Centre reworks Corporate Laws Bill
From courtrooms to capital: Investors are turning lawsuits into asset class
PSBs to remain open on Sunday ahead of three-day nationwide bank strike
JPMorgan to double GIFT City business as $1 billion book expands
Uttar Pradesh Global Capability Centres Policy, 2024: Key features, incentives, and eligibility
Why Hyderabad is seeing a fresh wave of global capability centres
Can India build its own Big Four? The battle moves to the rulebook
FM Nirmala Sitharaman for dialogue over litigation in business disputes
SEBI says Adani firms paid 15 million rupees to settle disclosure violations
Employee denied foreign tax credit w/o Form 67
Irdai eases dividend repatriation rules for foreign-owned intermediaries
NRIs can transfer money from NRO to NRE account, but what is the annual limit? Check details here
RBI amends valuation rules for InvIT, REIT units held by all-India financial institutions
RBI says MTM value on OTC derivative novation must be exchanged upfront
RBI tightens trading book rule, allows exclusion of structural FX positions
One year of GST 2.0: Net GST revenue shows signs of recovery
ICAI rolls out SSA 5000 to align India’s sustainability assurance with global norms from April 2027
CBDT circulars cannot override Income Tax Act: Supreme Court
OneTag: FASTag users can now switch issuer banks without changing the physical tag or Tag ID
ICAI prepares reforms for creating larger accounting firm networks; proposals expected in two months
India-New Zealand trade pact to come into force on Oct 20: Piyush Goyal
DGGI uncovers ₹115 Crore GST evasion across Andhra Pradesh hotels
CGST searches real estate developer’s premises in Gurugram; Rs 117 cr GST recovered
Income Tax Rules 2026 amended: CBDT revises Form 169, Form 171; extends these deadlines
Digital gold may come under RBI, Sebi oversight; physical backing proposed
Supreme Court stays Punjab and Haryana HC judgment in JAO tax notice case
CBDT removes arrest, detention provisions from tax recovery rules
Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed income
Central GST Superintendent caught taking ₹8 lakh bribe in Bengaluru
RBI has record forex reserves, but why is rupee still not out of the woods?
Corporate Laws Bill: JPC seeks NFRA jail rollback as dissent flags fresh criminal liabilities
Tax audit filing deadline 2026: CA bodies seek extension to October 31, what taxpayers should do
SEBI cracks down on two 'desi' Jane Street for F&O manipulation
Taxman's JAARing move opens fresh debate over Mauritius treaty
‘Bereft of logic’: Delhi HC’s earful to ITAT over orders, handling of Patanjali income tax appeals
AICPA weighs PE and tech impact on audit independence
[Hong Kong] Liquidators can target PwC globally over property giant’s collapse
New AICPA guidance on stablecoins, mining revenue, current auditing standards
AICPA approves auditing standard for spotting fraud
US Federal Reserve raises interest rate by 25 bps to 3.75-4% range
Exposure Drafts:
Consultation Paper on Distribution Reforms
[Last date for Comments: October 25, 2026]
Consultation Paper on Measures to Strengthen Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)
[Last date for Comments: October 5, 2026]
Acts & Regulations:
New RBI Directions:
Updated as on September 23, 2026:
Master Direction – Reporting under Foreign Exchange Management Act, 1999
Updated as on September 22, 2026:
Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026
Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025
Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025
Master Direction - Risk Management and Inter-Bank Dealings
Updated as on September 18, 2026:
Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025
Reserve Bank of India (Small Finance Banks – Know Your Customer) Directions, 2025
Reserve Bank of India (Local Area Banks – Know Your Customer) Directions, 2025
Reserve Bank of India (Regional Rural Banks – Know Your Customer) Directions, 2025
Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Directions, 2025
Reserve Bank of India (Rural Co-operative Banks – Know Your Customer) Directions, 2025
IFSCA (Fund Management) Regulations, 2025, as amended up to September 10, 2026
IFSCA (Capital Market Intermediaries) Regulations 2025 as amended upto 05th September, 2026
CA's Referencer:
Indian Revenue Service - Civil List 2026
[Published by CBDT in September 2026]
International Content:
AICPA Statement on Auditing Standards (SAS) No.150 - External Confirmations
Tech Zone - Simplifying Technology for CAs:
Are You Outsourcing Your Thinking to AI? What CAs Should Never Delegate
Legal Updates:
The Income-tax (Fourth Amendment) Rules, 2026 - New Form No.(s) 169 & 171 [Notification No.120]
Advisory on use of version 3.3 of emSigner
IBBI (Liquidation Process) (Fifth Amendment) Regulations, 2026
Novation of OTC Derivative Contracts
Updated Consolidated Circular - Import of Gold or Silver through IIBX
Amendment to IFSCA Consolidated Circular - Import of Gold or Silver through IIBX
Amendment to Master Circular for Distributors in the IFSC
Notification on Delegation of Powers
Seeks to modify Basic Customs Duty (BCD) on crude and refined edible oils [Notification No.31]
