Indian News

• Is 18% GST levied on maintenance amount when housing society is managed by builder?
• IndusInd ropes in EY to conduct another audit, to probe Rs 600cr discrepancy in microfinance portfolio
• RBI's new liquidity norm to free up $35 billion, likely boosting credit growth
• Govt defines 'proof of origin' for trade purposes to promote ease of doing business
• US slaps up to 3,521% duties on Southeast Asian solar imports
• Gensol Engineering under ED scanner over alleged links to Mahadev betting app scandal
• Minors aged 10+ can open, operate bank accounts independently
• SEBI extends PAN freeze to immediate kin of insider trading norm violators
• Sebi mulls extending relaxation to listed NCDs from sending physical copies of fin statement
• SEBI proposes direct arbitration for high-value and repetitive complaints
• EPFO makes pension withdrawals easier: Here's how you can file claims
• Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year
• RBI directs banks to increase run-off rates for digital deposits
• India to impose 12% temporary tariff on steel to curb cheap China imports
• Google agrees to pay Rs 20.24 crore to CCI in Android TV settlement case
• GST body drops Rs 115 cr from tax demand against Mahindra & Mahindra
• Officers find 25K fake firms fraudulently passing ₹61,545 cr ITC in FY25
• New 'e-Pay Tax' feature eases online tax payments: A step-by-step guide
• First phase of India-US trade deal likely by fall this year: Sitharaman
• New Tax Bill 2025: No Nil TDS certificate for all taxpayers including NRIs; What does it mean for Indians and NRIs?

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International News

• UK’s young accountants lead surge in self-employed practices
• Urgent action needed to improve audit regulation, warns CPA Australia
• PwC exits more than a dozen countries to avoid scandals
• [UK] EY fined £500,000 for breaching audit rules in second penalty within a week
• IAASB revises going concern standard
• Auditors, management prepare for AI impact on financial data
• EY fined almost £5m for Thomas Cook auditing failures
• Continuous auditing: A new era or a challenge to tradition?
• Big Four lose share of SEC audits
• ICAEW updates its Code of Ethics
• KPMG report: AI in financial reporting and audit: Navigating the new era
• ‘Big Four’ firm Deloitte hardest hit consultancy firm by Elon Musk-led DOGE's saving spree
• Deloitte plans US layoffs after Elon Musk’s DOGE cracks down on consulting contracts
• Is gen AI really a SOX gamechanger?
• Historic change to audit inspection reports announced by Canadian accounting watchdog
• KPMG report: Accounting for indemnification arrangements associated with transferable credits
• Japan to give crypto assets legal status as financial products: Report
• IFRS launches tool to help companies implement ISSB standards
• PCAOB offers videos on quality control monitoring, remediation
• Is Britain on the cusp of another multibillion-pound consumer finance scandal?
• UK: PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank
• Internal auditors want role in US's AI action plan

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Reference Updates

• 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
• ICAI Booklet For ICAI Members on Bank Audit UDIN
• ICAI FAQs: FAQs on SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (Revised January 2025 Edition)
• ICAI FAQs: Unique Document Identification Number (Revised in January, 2025)
• PCAOB Reference Material: Considerations for Audit Firms Using the Work of Specialists
• ICAI Publications - GST: Guide to CA Certificates in GST
• ICAI Publications: Handbook on Reverse Charge under GST
• IFRS Educational Material: Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2
• Updated Income Tax Form No. 49C
• PCAOB Reference Material: Audit Focus Series - Journal Entries
• Guidance Note on Audit of Banks (2025 Edition)
• ICAI Announcement: ICAI (Merger and Demerger of CA Firms) Guidelines, 2024
• PCAOB Reference Material: Audit Focus Series - Audit Committee Communications
• IFSCA FAQs on IFSCA (Setting up and operation of IBC and OEC) Regulations, 2022
• Updated GST Form: Form GST REG-12 (New)
• ICAI Announcement: ICAI (Aggregation of LLPs) Guidelines, 2024
• ICAI Publication: Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 3)

Taxation Laws Update

• Customs Update - April 21, 2025
• CGST Instruction No.3: Instructions for processing of applications for GST registration
• Customs Notification No.24(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
• GST Advisory on reporting values in Table 3.2 of GSTR-3B
• Central Excise Update - April 11, 2025
• GST Advisory on Table-12 of GSTR-1 or GSTR-1A
• Customs Update - April 9, 2025
• Customs Notification No.23(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
• Central Excise Update - April 9, 2025
• Income Tax Notification No.32: Last date notified for 'Vivad se Vishwas' Scheme
• Income Tax Notification No.30: ITR for Block Assessment (ITR-B) notified
• Income Tax Notification No.27: No TDS u/s 194EE for deposits made u/s 80CCA
• Customs Update - April 7, 2025
• Income Tax Notification No.26: Regarding PAN-Aadhar linking for PAN obtained based on Aadhar enrollment ID
• Income Tax Notification No.25: Insertion of Rule 114(5A)
• GST Advisory [Revised] : Case Insensitivity in IRN Generation
• GST Advisory on Case Sensitivity in IRN Generation
• Customs Update - April 4, 2025
• GST Advisory: Biometric-Based Aadhaar Authentication for GST Registration Applicants of Assam
• Income Tax Notification No.23: Amendment in Form 3CD
• Income Tax Circular No.5: Order for waiver on levy of ​interest under section 201(1A)(ii)/ 206C(7) in specific cases
• Customs Update - March 31, 2025
• Customs Notification No.20(NT): The Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2025
• Customs Notification No.18(NT): The Postal Imports Regulations, 2025
• Customs Notification No.17(NT): Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

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Corporate Laws Update

• RBI Circular: Basel III Framework on Liquidity Standards – LCR – Review of haircuts on High Quality Liquid Assets
• RBI Circular: Opening of and operation in deposit accounts of minors
• SEBI Circular: Trading Window closure period under SEBI (Prohibition of Insider Trading) Regulations, 2015
• DGFT Trade Notice No.2: Introduction of ‘Mode of Export of Services’ Field in eBRC Format for Services Exports with effect from May 01, 2025
• IFSCA Regulations: IFSCA (Capital Market Intermediaries) Regulations, 2025
• IFSCA Regulations: IFSCA (KYC Registration Agency) Regulations, 2025
• RBI Master Direction: Risk Management and Inter-Bank Dealings (Updated as on April 16, 2025)
• RBI Master Direction: Deposits and Accounts (Updated as on April 16, 2025)
• IFSCA Circular: Amendment to the circular titled “Framework for enabling Ancillary Services at IFSC"
• DGFT Update - April 16, 2025
• IFSCA Guidelines on setting up and operation of International Trade Finance Service Platform
• IFSCA Framework for Ship Leasing
• IFSCA Guidelines on Corporate Governance and Disclosure Requirements for a Finance Company
• IBBI Regulations: IBBI (Insolvency Professionals) Regulations, 2016
• IBBI Regulations: IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
• SEBI Circular: Specialized Investment Funds (‘SIF’) – Application and Investment Strategy Information Document (ISID) formats
• IFSCA Circular: Amendment to the circular titled “Guidelines on setting up and operation of ITFSP”
• DGFT Trade Notice No.1: Operationalisation of DGFT 'Global Tariff and Trade' Helpdesk
• IFSCA Circular: Amendment to circular ‘list of public holidays and banking business hours for IBUs’
• RBI Circular: Review of Lead Bank Responsibility - Rajasthan

Click here for all "Corporate Laws Updates"

CA's Referencer

• 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: NFRA Inspection Report 2023 - M/s Deloitte Haskins & Sells LLP
• CA's Referencer: NFRA Inspection Report 2023 - M/s Walker Chandiok & Co LLP
• CA's Referencer: NFRA Inspection Report 2023 - M/s SRBC & Co. LLP
• 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
• NFRA Report: PWC LLP – Inspection Report 2023 [Published on February 13, 2025]
• CA's Referencer: NFRA Auditor-Audit Committee Interaction Series 1 – Accounting Estimates - Expected Credit Losses
• CA's Referencer: Income Tax Department - Administrative Handbook 2025
• CA's Referencer: Utility to Generate Audit Engagement Letters
• Treatment of Income from Different Sources - For AY 2025-26
• Income Tax Penalities & Prosecution
• Income Tax - Periods of Limitation - AY 2025-26
• Income Tax - Various Threshold Limits - AY 2025-26
• Tax rates as per IT Act vis a vis Tax Treaties
• TDS on transfer of certain immovable property - AY 2025-26
• Gold & Silver Rates
• Withholding Tax Rates - As amended by Finance (No. 2) Act, 2024

Go to "CA's Referencer" section

From the ICAI

ICAI Announcements

Accounting Standards

Accounting Standards for Local Bodies

Indian Accounting Standards - Ind AS 

Ind AS Technical Facilitation Group (ITFG)

Standards on Quality Control (SQCs)

Standards on Internal Audit

Guidance Notes

Technical Guides 

Implementation Guides 

ICAI Publications

FAQs issued by ICAI 

International Content

  
International Financial Reporting Standards (IFRS)

IFRS Sustainability Disclosure Standards

ICAEW Reference Materials

IFAC Reference Materials

IAASB Reference Materials

FASB Reference Materials

IESB Reference Materials

IPSASB Reference Materials

PCAOB Reference Materials

FRC Reference Materials

Articles

• Article: AI in Finance - US Report
• Member's Article: One Person Company under the Companies Act, 2013
• Member's Article: Goal Setting – a good place to start?
• Article: IIM-A Report of Study on Effectiveness of the Resolution Process: Firm Outcomes in the Post-IBC Period
• ICAI Quality Review Board Report: Audit Quality Review
• Article: Audit Quality management standards: How to perform a root cause analysis
• Article: Peer review findings in audits of not-for-profits: What auditors need to know

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Exposure Drafts

• 2 SEBI Drafts - April 21, 2025
• SEBI Consultation Paper: investment by Mutual Funds in REITs and InvITs
• ICAI Exposure Draft: Standards on Auditing for Audits of Limited Liability Partnerships
• 3 new SEBI Drafts - April 11, 2025
• RBI issues 4 draft Directions on the regulatory measures announced in SDRP
• IFSCA Consultation Paper on Framework for Transition Bonds
• IBBI invites suggestions on all Regulations notified under the IBC, 2016 with an aim to simplify, ease and reduce cost of compliance
• MCA Draft to amend "The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016"

Go to "Exposure Drafts" listings 

Useful Forms

Income Tax Forms

Income Tax Return Forms for AY 2023-24

Income Tax eFiling Utilities

All Income Tax Forms and Fillable Forms

Wealth Tax Forms

GST Forms

MCA Forms

IBBI Forms

CCI Forms

NCLAT Forms

IRDAI Forms

DGFT Forms

Customs Forms

Central Excise Forms

Acts / Regulations & FAQs

ICAI Acts / Regulations  

Income Tax FAQs 

GST Act / Rules 

GST FAQs

MCA Acts / Regulations & MCA FAQs

IBBI Acts / Regulations & IBBI FAQs

CCI Acts / Regulations / FAQs

SEBI Acts / Regulations & SEBI FAQs

RBI Acts / Regulations / FAQs

IFSCA Acts / Regulations / FAQs

IRDA Acts / Regulations

DGFT Acts / Regulations / FAQs

Customs Acts / Regulations 

Miscellaneous Laws