Daily Newsletter - July 10, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Draft

IFSCA Draft

Legal FAQs:

IFSCA FAQs

Acts & Regulations:

IBBI Regulations

Useful Forms:

ITR eFiling Utilities for AY 2026-27

Legal Updates:

Income Tax

IBBI

DGFT

Customs

News Update:

Indian News:

Govt mandates CPSEs to route MSME invoice settlements through TReDS

FM Sitharaman, CEA urge GCCs to move up the value chain as AI threat looms

TN launches virtual GST hearings to ease taxpayer compliance

SEBI makes custodian fees monthly from annual payment

Sebi cancels registration of 12 research analysts over unpaid renewal fees

CBDT to reflect foreign financial information in AIS, Form 26AS under AEOI

Section 234B interest on updated ITRs: CPC's computation logic appears contrary to law

EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribers

ITR filing 2026: When do NRIs need to file Schedule FA to declare foreign asset

Could missing your ITR land you in jail? What taxpayers should know

Could you have unclaimed insurance money? Here's how to find and recover it

International News:

[Australia] In wake of KPMG scandal, government considers splitting accounting firms' auditing and consulting arms

Exposure Drafts:

ICAI Draft:

Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961
[Last date for Comments: July 25, 2026] 

IFSCA Draft:

Consultation Paper for issuing Circular on Foreign Currency Settlement System (FCSS) to International Banking Units (IBUs) in GIFT IFSC
[Last date for Comments: July 24, 2026] 

Legal FAQs:

IFSCA FAQs:

FAQs on IFSCA (Anti Money Laundering, Counter-Terrorist Financing And Know Your Customer) Guidelines, 2022

Acts & Regulations:

IBBI Regulations:

IBBI (Pre-Packaged Insolvency Resolution Process) Regulations, 2021 (Amended upto 02-06-2026)

Useful Forms:

ITR eFiling Utilities for AY 2026-27:

New Release:
ITR 7 - Excel Utility

Legal Updates:

Income Tax:

Order u/s 239 of the Income-tax Act, 2025 for uploading of information received under Automatic Exchange of Information (AEOI) framework to AIS & Form 26AS

Order u/s 119 of the Income-tax Act, 1961 for uploading of information received under Automatic Exchange of Information (AEOI) framework to AIS & Form 26AS

IBBI:

Extension of time for filing Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors

DGFT:

Amendments under Para 2.92 and Appendix-2A of Handbook of Procedure 2023 for inclusion of TRQs under India – United Kingdom Comprehensive Economic and Trade Agreement (CETA) [Public Notice No.19]

Customs:

Seeks to amend Notification No. 25/2002-Customs dated 01.03.2002 so as to merge S. Nos. 69 and 69A relating to specified capital goods for manufacture of Lithium Ion Cell [Notification No.27]

Seeks to amend Notification No. 57/2017-Customs dated 30.06.2017 so as to provide BCD exemption on specified goods used in the manufacture of Inductor Coil Module for wireless charging of cellular mobile phones, subject to specified conditions [Notification No.26]

Seeks to amend Notification No. 45/2025-Customs dated 24.10.2025 so as to provide BCD exemption on specified goods used in the manufacture of display assemblies falling under heading 8524 for automotive, medical or industrial applications, subject to specified conditions [Notification No.25]