Daily Newsletter - February 18, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

MCA Draft

RBI Drafts

Acts & Regulations:

RBI Master Directions

SEBI Master Circular

From the ICAI:

ICAI Announcements

Legal Updates:

RBI

SEBI

Customs

News Update:

Indian News:

24-hour trades, hedging tools: RBI to rejig forex market rules

Lady wins Rs 83 lakh capital gains tax exemption case: ITAT Mumbai flags officer’s jurisdiction error

11 Ahmedabad CAs found guilty in bogus political donations case; ICAI lets them off with reprimand

If you rely on the old tax regime to claim exemptions, the upcoming draft rules may work in your favour.

From property deals to foreign assets: how the Income-Tax Department tracks your money

International News:

Work-life balance and flexibility top priorities for CAs – survey

Exposure Drafts:

MCA Draft:

Draft Companies (Registered Valuers and Valuation) Amendment Rules, 2026
[Last date for Comments: March 5, 2026] 

RBI Drafts:

Draft Directions on Foreign Exchange Dealings of Authorised Persons
[Last date for Comments: March 10, 2026] 

Draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks
[Last date for Comments: March 9, 2026] 

Acts & Regulations:

RBI Master Directions:

Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations
(Updated as on February 16, 2026)

Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin
(Updated as on February 16, 2026)

SEBI Master Circular:

Master Circular for Issue of Capital and Disclosure Requirements
(Updated as on February 9, 2026)

From the ICAI:

ICAI Announcements:

Field-Level Validation for all sub-categories under section 44AB [Clauses (a) to (e)] at the time of UDIN generation under 'GST and Tax Audit' category

Validation of UDINs on the e-Filing Portal Based on Five Parameters Instead of Four

Additional information required during UDIN generation under 'GST & Tax Audit' and 'Audit & Assurance Functions' Categories - Details of Preceding year's of Audit

Legal Updates:

RBI:

Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)

Unique Transaction Identifier for OTC Derivative Transactions

SEBI:

Forms for registration of stock brokers and clearing members

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.22(NT)]