Daily Newsletter - August 20, 2025

Latest additions to CAalley:

News Update:

Indian News

Exposure Draft:

SEBI Draft

Acts & Regulations:

RBI Master Direction

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

Income Tax

MCA

DGFT

Customs

News Update:

Indian News:

Online Gaming Bill: Lok Sabha passes legislation to ban online money games

GoM to propose GST exemption on health and life insurance premiums: Bihar Dy CM

Explainer: Why govt disbanded the NAA and why GST 2.0 may revive it

Sebi likely to introduce intraday limits for index options trading

Housing finance companies under lens over lending faults

China pledges to address India's rare earth mineral needs: Report

Recalibrate export strategy with manufacturing focus: Parl Panel

Govt likely to tighten rules for money-based games in Online Gaming Bill

Crypto regulation in India: CBDT asks stakeholders on regulation, compliance; VDA oversight, tax-compliance in focus

Wife to get back her seized 998 purity gold jewellery as Delhi High Court held purity of gold has no relation with Baggage Rules, 2016

Centre removes cotton import duty till Sept 30 to aid textile sector

Piyush Goyal introduces Jan Vishwas Bill 2025 to ease doing business

Sebi proposes lower dilution for mega IPOs, extended MPS timelines

Exposure Draft:

SEBI Draft:

Implementation of Eligibility criteria for Derivatives on Non-Benchmark indices based on SEBI circular dated May 29, 2025
[Last date for Comments: September 8, 2025]

Acts & Regulations:

RBI Master Direction:

Master Direction - Know Your Customer (KYC) Direction, 2016
(Updated as on August 14, 2025)

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated:
Common Offline Utility (ITR 1 to ITR 4)
ITR 6 - Excel Utility

Legal Updates:

Income Tax:

The Income tax (Twenty Second Amendment) Rules, 2025 - Income Thresholds for Taxability of Perquisites u/s 17 of the Income-tax Act, 1961 [Notification No.133]

MCA:

The Companies (Indian Accounting Standards) Second Amendment Rules 2025

DGFT:

Amendment to Para 4.61 and Para 4.63 of FTP-2023 [Notification No.25]

Customs:

Seeks to extend imposition of anti dumping duty on imports of “Fluoroelastomers (FKM)” originating in or exported from China PR [Notification No.29(ADD)]

Seeks to extend imposition of anti dumping duty on imports of “Toluene Di-lsocyanate (TDI)” originating in or exported from European Union and Saudi Arabia [Notification No.28(ADD)]

Seeks to extend ADD on ‘Woven Fabric (having more than 50% Flax content) commonly known as “Flax Fabric”’, originating in or exported from China PR and Hong Kong [Notification No.27(ADD)]

Seeks to prescribe BCD and AIDC on Raw Cotton for a specified period [Notification No.35]