Important Links
Indian News
- Cabinet approves ₹1 trillion employment-linked incentive scheme
- Taxman's lens now on telltale crypto clues
- 8 years of GST: How automation has changed the refund game for exporters
- Cyber risks in financial sector: RBI calls for AI-aware defence and zero-trust approach
- Reforms express to run nonstop as FM Sitharaman backs GST, tax and banking overhauls
- Govt keeps interest rates on small savings schemes unchanged for Q2
- Flipping farm land for cash? ITAT’s ruling may close India’s oldest black money trick
- EPFO hasn't issued any new pension form or deadline, clarifies govt
- IndusInd CEO search: Bank shortlists three names for RBI review, includes Axis Bank’s Rajiv Anand
- Eight years of GST rollout: PwC India proposes three-slab structure, inclusion of petro-products to ease compliance
- New tax audit limit rule for CAs to apply from April 2026: ICAI president
- Govt aims to clear SVB backlog in two years with bulk entry processing
- Indian negotiators extend US stay as trade talks gather pace
- MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report
- Centre extends CBDT Chairman Ravi Agarwal's tenure till June 2026
- Sebi confirms multiple raids in 'pump-and-dump' case, investigation ongoing
- ₹95k cr surplus likely in GST compensation fund
- New India Assurance gets GST demand notice of ₹2,298 crore
- Under I-T Lens: 1.6 Lakh Tax Returns Under Scrutiny; M&A Discrepancies Among Red Flags
- Online dispute resolution portal to expedite resolution of payment delay cases concerning MSEs: Prez
International News
- [UK] Audit regulator publishes first-ever guidance on AI use
- [UK] Big accounting firms fail to track AI impact on audit quality, says regulator
- ICAEW four principles for evolution of reporting accountant role
- PCAOB fines Dutch Big Four member firms for exam misconduct
- PCAOB permanently bars repeat offender
- IASB Issues Revised Practice Statement on Management Commentary
- PCAOB Gets New Life—For Now — Thanks to the Senate’s Nonpartisan Referee
- Banks are financing their own multitrillion-dollar nightmare
- €10,000 fine and ‘severe reprimand’ for auditor of collapsed med-tech company Hibergene
- Audit transparency unlocked: The value of critical audit matters (CAMs) to investors
- Charting the Global Economy: Key central banks hold on rates
- KPMG fined £1.25m for Carr’s Group audit breaches
- PCAOB sanctions firm, partner on five audits
- China talks up digital yuan in push for multi-polar currency system
- Audit Committee Chairs Expect Clear, Open Communications From Auditors – PCAOB Report
- ICAEW shares lessons learned to boost audit quality
- UK: One in ten audits flagged for 'major improvements'
- Deloitte to cut bonuses and slow promotions due to missed targets
- PCAOB to Form Smaller Firm Resource Group to Advise Staff
- Is a fraud pandemic around the corner?
- Firms should start auditing AI algorithms
- PCAOB offers advice on auditing accounting estimates amid SEC concerns
Taxation Laws Update
- Customs Notification No.44(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Notification No.5(CVD): Imposes CVD on Digital Offset Printing Plates, originating in or exported from China PR and Taiwan
- Customs Update - June 27, 2025
- Income Tax Notification No.69: DTAA with The Sultanate of Oman
- Income Tax Circular No.7: Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority
- GST Circular No.250: Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by CAA for show cause notices issued by DGGI
- Customs Update - June 24, 2025
- Income Tax Notification No.67: Exemption from withholding tax for payments made to units of IFSC
- Customs Instructions No.s 18 & 19
- Customs Update - June 20, 2025
- GST Advisory: Handling of Inadvertently Rejected records on IMS
- GST: Advisory to file pending returns before expiry of three years
- Customs Instruction No.16: Ensuring adherence of Indian Standard of respective Input material of Steel and Steel Products
- GST Advisory: Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals
- Income Tax Guidelines: Guidelines for compulsory selection of returns for Complete Scrutiny during the FY 2025-26
- Customs Notification No.43(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Notification No.42(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
- Customs Update - June 13, 2025
- GST Advisory: Filing of SPL-01/ SPL-02 where payment made through GSTR 3B and other cases
- GST Advisory: Filing of Amnesty applications under Section 128A of the CGST Act
Corporate Laws Update
- IBBI: Panel of IPEs as IPs and IPs for the period from July 1 to December 31, 2025
- RBI Circular: Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators
- SEBI Circular: Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework for SEBI Regulated Entities
- SEBI: Master Circular for Investment Advisers
- SEBI: Master Circular for Research Analysts
- DGFT Update - June 27, 2025
- SEBI Circular: Industry Standards on “Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions”
- SEBI Circular: Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches
- RBI Circular: The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines
- DGFT Update - June 25, 2025
- SEBI: Master Circular for Registrars to an Issue and Share Transfer Agents
- IFSCA Circular: Amendment to the Directions to IBUs for operations of the Foreign Currency Accounts of Indian resident individuals opened under LRS
- RBI Circular: Review of Priority Sector Lending norms - Small Finance Banks
- DGFT Notification No.20: Amendment in Para 2.03(A) (i) (g) of the Foreign Trade Policy, 2023
- SEBI: Master Circular for Stock Brokers
- IBBI Regulations & Guidelines - Recently updated
- MCA: Notification regarding designation of Special Courts
- RBI Directions: Reserve Bank of India (Project Finance) Directions, 2025
- DGFT Update - June 18, 2025
- RBI Circular: Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
- RBI Master Direction: RBI (Electronic Trading Platforms) Directions, 2025
- SEBI Regulations: SEBI (Alternative Investment Funds) Regulations, 2012
CA's Referencer
- Tax rates as per IT Act vis a vis Tax Treaties -- as amended by Finance Act, 2025
- Withholding tax rates -- as amended by Finance Act, 2025
- TDS on transfer of certain immovable property - AY 2026-27
- Depreciation Rates - As amended by Finance Act, 2025
- TDS Rates - For AY 2026-27
- Income Tax Rates - AY 2026-27 and 2025-26
- CA's Referencer: CBDT Central Action Plan 2025-2026
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 3 - Related Parties
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 2 - Audit Strategy and Planning
- CA's Referencer: CBDT Guide for Departmental Officers: Assessment of Charitable / Religious Trusts and Institutions
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 2 – Audit of Accounting Estimates and Judgments - Income Taxes - Ind AS 12
- CA's Referencer - Income Tax: List of banks for tax payments available at e-Pay Tax service at e-Filing Portal
- CA's Referencer: RBI Handbook on Regulations at a Glance
- CA's Referencer - SEBI: Formats of Due Diligence Certificate to be Given by the Debenture Trustee
- CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 1 – Accounting Estimates - Expected Credit Losses
- Withholding Tax Rates
- Treatment of Income from Different Sources - For AY 2025-26
- TDS Rates - For AY 2025-26
- TDS on transfer of certain immovable property - AY 2025-26
- Tax rates as per IT Act vis a vis Tax Treaties
- Income Tax Rates - AY 2025-26 and 2024-25
- Income Tax Penalities & Prosecution - AY 2025-26
- Income Tax Benefits Available to Small Businessmen - For AY 2025-26
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- CA's Referencer - ICAI: Excel Utility for New formats for financials of Non Corporate entities
- IFRS Sustainability Reference Material: Roadmap development tool for adopting ISSB Standards
- ICAI Announcement: Additional information required during UDIN generation
- ICAI Publication: Handbook on Exempted Supplies under GST
- ICAI Publications: Background Material on GST - Volume 1 & 2
- ICAI: Reference Materials for "New Formats for Financial Statements":
- FRC Reference Material: Guidance on the Going Concern Basis of Accounting and Related Reporting
- ICAI Publication - Ind AS: Study on Compliance of Financial Reporting Requirements (Ind AS Framework) - Volume-III
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- SEBI Draft: Review of Framework for Conversion of Private Listed InvIT into Public InvIT
- SEBI Draft: Revised Guidelines for Capacity Planning and Real Time Performance Monitoring framework of MIIs with Commodity Derivative Segment
- MCA Draft: Companies (Meetings of Board and its Powers) Amendment Rules
- SEBI Draft: Strengthening Governance of Market Infrastructure Institutions (MIIs)
- SEBI Draft: Guidelines for responsible usage of AI/ML In Indian Securities Markets
- SEBI Draft: Modification of Unique Client Code by Market Makers without levy of penalty
- RBI Draft Master Direction: RBI (Rupee Interest Rate Derivatives) Directions, 2025 under Section 45 W of the RBI Act, 1934
