Daily Newsletter - August 29, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IFSCA Draft

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

MCA

SEBI

DGFT

Customs

News Update:

Indian News:

RBI imposes penalty of ₹44.70 lakh on Bandhan Bank over regulatory lapses

I-T Act 25: Relief for small taxpayers claiming refund

India's GST cuts at risk of delay as states wrangle over future revenues

Govt to hold pre‐budget meetings from October 9, 2025

Govt to soon bring various measures to boost exports: Piyush Goyal

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

MCA tightens supplier finance disclosures from FY26; CFOs to face higher investor scrutiny

Sebi clarifies on cybersecurity and cyber resilience framework

Lot of disclosures to stock exchanges 'probably leaves a lot for imagination': Sebi official

GST refund made easy: GSTN has done this change in GST portal for hassle free tax refund claims

Audit committees need to ensure independence of auditors: NFRA Chairperson

International News:

CPA Canada survey says chartered professional accountants earning more than ever before

Exposure Draft:

IFSCA Draft:

Consultation Paper on proposed IFSCA (Performance Review Committee) (Amendment) Regulations, 2025
[Last date for Comments: September 17, 2025]
 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated:
ITR 5 - Excel Utility

Legal Updates:

MCA:

The Companies Incorporation (Second) Amendment Rules, 2025

SEBI:

Extension of timelines and Update of reporting authority for IAs and RAs

Technical Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)

DGFT:

Amendment in Para 2.03(A)(i)(g) of FTP, 2023 laying down enabling provisions for import of inputs, that are subjected to mandatory Quality Control Orders, by Advance Authorisation holders, EOU and SEZ [Notification No.28]

Customs:

Fixation of Tariff Value of Edible Oils, BrassScrap, Areca Nut, Gold and Silver [Notification No.52(NT)]

Seeks to extend custom duty exemption on Raw Cotton [Notification No.36]

Instruction with respect to duties on gifts and personal imports through Courier and Postal mode [Instruction No.28]

CBIC regarding Validation of BIS registration at time of clearance [Instruction No.27]