Important Links
Indian News
- 40K taxpayers withdraw bogus claims worth ₹1,045 cr as I-T dept cracks down
- New GST scam alert: Officials selling traders’ data to rivals for monetary gains, alleges CAs body
- SC dismisses retrospective integrated GST demand on aircraft repairs abroad
- Cash may return as king as small vendors shun UPI
- Using UPI data, govt cracks down on unregistered traders to boost GST revenue
- Fake tax deductions: What taxpayers must know as I-T Dept launches raids
- Income Tax raids across 200 locations over fake political donation claims
- ITR filing last date for FY 2024-25 is not same for all
- EPFO grievance portal: Step-by-step guide to raise and track complaints
- Jane Street seeks Sebi nod to remove trading ban after depositing Rs 4,843 crore
- Snoop on chatter & dark web, be mindful of privacy: IT dept tells its sleuths, revises search manual after 17 years
- India should avoid rushing for trade pact with US, warn experts
- Air India crash: Victims entitled to compensation, regardless of fault
- IRDAI flags lapses in health insurance claims, issues show-cause notices, says Report – Here are 8 insurers under scrutiny
- Delhi HC stays Rs 1,140 crore tax demand against Oyo
- EY launches AI academy to boost GenAI skills across Indian industries
- RBI imposes penalty on HDFC Bank, Shriram Finance
- NSE, BSE issue advisory to bond investors. Here are 10 things to know
- Trade agreement between India, four-nation EFTA to kick in from Oct
- IREDA bonds get tax-exempt status, helping investors save on capital gains
International News
- PCAOB Fines Illinois Firm $50,000 Over Failures in 17 Broker-Dealer Audits
- IAASB revises auditor fraud standard
- PCAOB Shares Good Practices for Auditors on Engagement Acceptance
- AICPA proposes to toughen auditors' responsibilities for spotting fraud
- PCAOB To Host Virtual Workshops To Assist Smaller Audit Firms With Implementation of New Quality Control Standard
- IESBA tax planning ethics standards take effect
- How technology could rewire corporate reporting
- Is your audit quality at the level it needs to be?
- PwC UK to reduce 175 audit roles amid market challenges
- ICAEW proposes four principles to future-proof reporting accountants
- [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
Taxation Laws Update
- Income Tax Notification No.73: IREDA bonds notified as 'long-term specified asset'
- Customs Update - July 11, 2025
- Customs Notification No.6(CVD): CVD on Continuous Cast Copper Wire, originating in or exported from Indonesia, Malaysia, Thailand and Vietnam extended
- Customs Update - July 2, 2025
- Income Tax Notification No.70: Cost of Inflation Index for FY 2025-26
- Income Tax Circular No.8: Clarification regarding waiver on levy of interest under section 201(1A)(ii)/ 206C(7)
- 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
Corporate Laws Update
- IBBI Circular: Withdrawal of Form IP-1 for assignments under IBC Processes
- SEBI Master Circulars - Latest additions
- RBI Circular: Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans
- RBI Circular: Basel III Capital Regulations – External Credit Assessment Institutions – CareEdge Global IFSC Limited
- DGFT Public Notice No.14: Fixation of new SIONs under ‘Chemical and Allied Product’
- MCA Notification: Companies (CSR Policy) Amendment Rules, 2025
- MCA Notification: Companies (Listing of equity shares in permissible jurisdictions) Amendment Rules, 2025
- MCA FAQs: Lot-3 forms FAQs
- IBBI Notification: IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025
- FEMA Circular: Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025
- RBI: Master Direction on Financial Statements - Presentation and Disclosures
- RBI Master Direction: RBI (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016
- RBI Circular: RBI (Pre-payment Charges on Loans) Directions, 2025
- MCA Notification: The Companies (Incorporation) Amendment Rules, 2025
- MCA Notification: The Companies (Restriction on Number of Layers) Amendment Rules, 2025
- IEPF: Notice under Rule 7(3) or 7(7) of IEPFA(AATR) Rules, 2016
- SEBI Circular: Ease of Doing Investment - Special Window for Re-lodgement of Transfer Requests of Physical Shares
- IFSCA Circular: Guidance for Finance Companies/ Units on submission of requests pertaining to changes requiring prior approval/ intimation to the Authority
CA's Referencer
- Benefits available to Non- Residents - AY 2026-27
- List of benefits available to Small Businessmen - AY 2026-27
- Benefits available exclusively to Resident Persons and Indian Companies --AY 2026-27
- Benefits available only to Individuals & HUFs - AY 2026-27
- List of benefits available to Salaried Persons - AY 2026-27
- Treatment of Income from Different Sources
- Penalties - AY 2026-27
- Periods of Limitation - For AY 2026-27
- Various Threshold Limits under the Income Tax Act for AY 2026-27
- Gold and silver rates from 01/04/1981 - As amended by Finance Act, 2025
- 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
International Content
International Financial Reporting Standards (IFRS)
IFRS Sustainability Disclosure Standards
Reference Updates
- ICAI Announcement: Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
- ICAI FAQs: Guidance Note on Financial Statements of Non-corporate Entities
- ICAEW Reference Material: ICAEW Code of Ethics 2025
- FASB Reference Material: ASU - Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity
- 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
Acts / Regulations & FAQs
IBBI Acts / Regulations / FAQs
IFSCA Acts / Regulations / FAQs
Exposure Drafts
- DGFT Draft: Internal Compliance Programme Document for adoption by Industry for export of dual use (SCOMET) items
- IFRS Draft: IFRS 16 Leases - Post-implementation Review
- RBI Draft Directions: Closure of Shipping Bills in the Export Data Processing and Monitoring System (EDPMS)
- 3 IFSCA Drafts
- RBI Draft: RBI (Novation of OTC Derivative Contracts) Directions, 2025
- SEBI Draft: Measures for Regulation of Activities of CRAs
- ICAI Exposure Draft: Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961
- AICPA Draft: The Auditor's Responsibilities relating to Fraud in an Audit of Financial Statements
