Daily Newsletter - July 25, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

RBI Master Direction

Useful Forms:

ITR eFiling Utilities for AY 2025-26

International Content:

FRC Reference Material

Legal Updates:

IFSCA

Customs

News Update:

Indian News:

ED attaches ₹106.36 cr assets of ex-UCO Bank CMD in bank fraud case

Sebi, market bodies launch 'SEBI vs SCAM' drive to fight financial frauds

Sebi considers easing rules for issuers of non-convertible securities

Income Tax dept working on rules for new direct tax law: CBDT chief

India-UK FTA: How key sectors will benefit from tariff, policy shifts

India, UK sign FTA: What it means and how it will help both countries

Govt appoints former Finance Secretary Ajay Seth as IRDAI chief

ITAT: Taxpayer wins Rs 1.4 lakh penalty case despite claiming false income tax deductions

Emails ask taxpayers to download fake PAN cards: How to stay safe

CBDT using AI tools to boost income-tax compliance, says Chairman Agrawal

ED raids Anil Ambani's firms, Yes Bank in alleged ₹3,000 crore loan fraud scam

I-T Bill 2025: FinMin rejects demand for time limit on tax pleas' disposal

Income Tax Bill 2025: Income from house property taxation related two key amendments suggested by select committee, know the impact

Irdai proposes internal ombudsman to address claims up to ₹50 lakh

International News:

SEC names George Botic as acting chair of PCAOB

Exposure Draft:

SEBI Draft:

Consultation paper for review of LODR Regulations - measures towards Ease of Doing Business
[Last date for Comments: August 15, 2025]
 

Acts & Regulations:

RBI Master Direction:

Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on July 23, 2025)

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated: ITR 3 - Excel Utility

International Content:

FRC Reference Material:

AI in audit
Illustrative example and documentation guidance
[June 2025]

Legal Updates:

IFSCA:

Guidelines on Ascertaining KMP Eligibility in Accordance with Regulation 7 of the IFSCA (Fund Management) Regulations, 2025

IFSCA (TechFin and Ancillary Services) Regulations, 2025

Customs:

Correlation of Technical Characteristics, Quality and Specification of the Inputs with the Export Product under the DFIA Scheme [Circular No.20]

Corrigendum to Notification No.18/2025(ADD)