Daily Newsletter - January 7, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Draft

SEBI Draft

Useful Forms:

ITR eFiling Utilities for AY 2025-26

CA's Referencer:

NFRA

Legal Updates:

IBBI

SEBI

DGFT

Customs

News Update:

Indian News:

Sebi extends timeline till Mar 1 to implement additional incentives structure for MF distributors

Eternal gets GST demand order of ₹3.7 crore with interest, penalty

Section 87A rebate on capital gains from debt mutual fund: ITAT Chandigarh gives relief

7 hidden charges that may add lakhs to home loan

CCI may hold senior execs of steel companies accountable

RBI tightens dividend payout rules for banks

Sebi proposes uniform 30-day lag for sharing, use of price data for education

RBI releases draft framework on dividend and remittance of profit

Legal impact of climate change: What “risk & liability” really means for corporations

CCI finds Tata Steel, JSW, SAIL, 25 others guilty of steel price collusion

Big win for NRI taxpayer: ITAT Chennai rules US-based individual qualifies as non-resident, no tax in India on overseas earnings

Why Trump's tariffs haven't derailed Southeast Asia's exports to the US

Health insurance claim rejected for non-disclosure? Here's what works

Supreme Court asks Centre to consider revising EPF wage ceiling of ₹15,000

International News:

Reviewing [US] accounting standards updates for 2025

How to Handle Tension and Disagreement in Internal Audit

Exposure Drafts:

RBI Draft:

Draft “RBI (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”
[Last date for Comments: February 5, 2026] 

SEBI Draft:

Consultation Paper on Norms for sharing and usage of price data for educational purposes
[Last date for Comments: January 27, 2026] 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated as on January 6, 2026:
Excel Utilities (ITR 1 to 7)

CA's Referencer:

NFRA:

Audit-Practice Toolkits –
ROMM for Revenue-Sample Document
[Published on January 1, 2026]

Legal Updates:

IBBI:

Launch of Revised Forms for Liquidation Process

SEBI:

Corrigendum to the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025

Specification of the consequential requirements with respect to Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992

DGFT:

Amendment in Import Policy & Policy Condition of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS), 2022, Schedule-l (Import Policy) [Notification No.54]

Guidelines for Collateral Support for Export Credit [Trade Notice No.21]

Guidelines for Interest Subvention Support for Pre- and Post Shipment Export Credit [Trade Notice No.20]

Customs:

Seeks to continue imposition of anti dumping duty on imports of of “Flexible Slabstock Polyol of molecular weight 3000-4000” originating in or exported from Saudi Arabia and UAE [Notification No.1(ADD)]